Industry Segments: Legal/Regulatory Page 57 / 89
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- July 17 2017
Chinese insurers advised to divest non-core assets
An official from the the China Insurance Regulatory Commission has cautioned against a wide range of risks facing the industry.
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- July 17 2017
India’s HDFC Life shareholders push IPO plans
Standard Life is reportedly keen to move forward with the listing after the merger with Max Group's is likely to be called off.
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- July 14 2017
Irdai enforces more transparency over policy exclusions
Regulations released this week also require every insurer to display service parameters and turnaround times.
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 12 2017
SBI Life’s IPO plan gets final board approval
The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.
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- July 12 2017
China considers experienced graft-buster for top CIRC post
China is likely to name Yang Xiaochao, secretary general of the Central Commission for Discipline, to oversee the industry.
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- July 11 2017
Cambodia and Thailand sign regulatory pact
The two countries have signed an agreement that aims to bolster insurance regulation in Cambodia.
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- July 10 2017
Singapore studying ElderShield takeover proposal
The government is in a better position to administer the scheme, according to the ElderShield Review Committee.
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- July 10 2017
Philippines’ chief regulator elected to Asian Re board
Insurance commissioner Denis Funa has been named vice-chairman of the management board.
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- July 7 2017
China drafts rules on endowment insurance
CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.
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- July 6 2017
China to develop commercial pension insurance
The government will fast-track the development of the new system, according to a State Council guideline.
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- July 6 2017
Nippon Life silent on investor voting
The Japanese insurer will defy a guideline asking it to disclose its specific votes at shareholder meetings.
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- July 5 2017
Malaysia reminds foreign insurers of 70% ownership cap
Though the central bank says there are no new rules on foreign ownership in insurance companies.
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- July 3 2017
Malaysia’s new motor insurance pricing scheme starts
The insurance industry will see stiffer competition for motor premiums as liberalisation sets in.
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- June 30 2017
Chinese majors target more overseas investments in 2018
About 64% of mainland insurers are planning to increase allocation to international markets, says Standard Life.
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- June 30 2017
CIRC crackdown hits universal life sales
Premiums are down 59% year-on-year on the back of an aggressive campaign to tame market players.
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
