Industry Segments: Legal/Regulatory Page 56 / 84
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- April 19 2017
China’s top insurance regulator sacked
Xiang Junbo has been removed from his position over suspicions of committing disciplinary violations.
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- April 18 2017
Anbang’s US$1.6bn Fidelity deal collapses
The Chinese insurer has failed to secure the required regulatory approvals to acquire Fidelity & Guaranty Life.
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- April 18 2017
IRDAI to double capital requirements for brokers
India’s insurance regulator is pushing for a series of stringent measures for the domestic insurance broking industry.
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- April 13 2017
CIRC identifies four major insurance risks
The Chinese regulator is worried about solvency risks, liquidity pressures, poor corporate governance and external issues.
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- April 12 2017
Growing crackdown in China insurance industry
Analysts expect more regulatory scrutiny after an investigation on the country’s insurance watchdog head.
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- April 7 2017
Taiwan insurers urged to strengthen hedging measures
The Financial Supervisory Commission has encouraged life insurers to manage their currency exposures.
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- April 6 2017
Scor Global Life wins approval for Japan branch
The opening of the branch is part of a strategic plan to expand and deepen its franchise.
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- April 6 2017
Vietnam simplifies approval of life products
A new regulation means life insurance companies will find it quicker and easier to get product approvals.
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- April 6 2017
Philippine HMOs required to seek regulator’s approval
Health-maintenance organisations are now mandated to get clearance before selling products to the public.
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- April 5 2017
Fosun joins bid to buy Greek insurer
The Chinese insurer has submitted a binding offer for the insurance unit of National Bank of Greece.
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- April 4 2017
HSBC Insurance gets Tier-1 status in Singapore
The company joins a group of insurers whose total assets are at least US$3.6b.
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- April 4 2017
New reporting standards to bring more investors to Korea
The introduction of IFRS 17 will make the country's insurers more comparable with global peers.
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- April 4 2017
People’s Insurance Group of China hires new head
The Chinese insurer has hired Miao Jianmin, former chief of China Life, to be its chairman and president.
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- March 31 2017
Regulator tells Fairfax to sell 25% stake in ICICI Lombard
The Canadian insurer needs to sell the stake to be able to apply for a second licence in the general insurance industry.
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- March 29 2017
Myanmar opens special economic zone to global insurers
All foreign insurers with local representative offices will be eligible to apply for a licence in the SEZ.
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- March 28 2017
Vietnam seeks to expand health insurance coverage
With a growing elderly population, the government aims to bring the country’s insurance coverage to 100% by 2030.
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- March 27 2017
China’s first tech insurer to launch by 2020
Enterprises affiliated with the China Academy of Sciences are sponsoring the establishment of China’s first tech insurance company.
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- March 24 2017
China orders insurers to submit bond transaction report
The move is part of the insurance regulator’s move to tighten scrutiny as it becomes increasingly alert to risks.
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- March 23 2017
India mulls 100% foreign investment in broking
The government is planning to raise the limit from the current 49% to fund more development in the sector.
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- March 22 2017
United India Insurance eyes IPO
The state-owned general insurer will go public after New India Assurance and GIC.
