Industry Segments: Legal/Regulatory Page 58 / 89
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- June 26 2017
China launches catastrophe insurance research centre
The centre will be the country's first research institution focusing on major disasters.
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- June 23 2017
Five Philippine non-life insurers to exit industry
Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.
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- June 23 2017
Korea wants insurers to cut medical indemnity premiums
The move is part of the government's efforts to help alleviate the cost burden on subscribers.
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- June 22 2017
CIRC issues new regulations to rein in credit risks
China’s insurance watchdog is seeking to standardise insurance businesses and protect the industry from credit risks.
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- June 21 2017
Indian regulator promotes investment in Reits, InvITs
Rules have been relaxed for investment in real estate investment trusts and infrastructure investment trusts.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
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- June 20 2017
Philippines insurers urge tax cut for non-life players
A local industry group says taxes should be reduced to be on par with their Asean counterparts.
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- June 19 2017
CIRC vows to continue crackdown on HK sales
Illegal sales have led to asset outflows and aid money-laundering, according to the regulator.
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- June 16 2017
Industry fears fall-out from Anbang crisis
There are worries that the crisis at Anbang will lead to a liquidity crunch that could affect the financial industry.
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- June 16 2017
Indonesian life firms post huge premium growth
Premium income expanded 25.5% thanks to the popularity of unit-linked and traditional insurance products.
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- June 16 2017
Singapore firms ill-equipped against business liability
Most local companies are not prepared for the potential damage, according to results of a survey launched by QBE.
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- June 15 2017
Anbang chairman steps down
Citing personal reasons, Wu Xiaohui has stepped down and delegated his authority to other company executives.
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- June 13 2017
China mulls pollution liability insurance
CIRC intends to make insurance compulsory for firms that fall under eight categories, such as fossil fuel extraction.
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- June 13 2017
New HK regulator vows to work on cross-border supervision
The Hong Kong Insurance Authority is expected to work hand in hand with its counterpart from mainland China.
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- June 12 2017
Hong Kong, overseas firms seek China entry
Among those making a beeline into the mainland market is FWD Hong Kong, which has applied for a life insurance licence.
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- June 12 2017
Plan to merge three Indian insurers scrapped
Oriental Insurance, National Insurance and United India Insurance have been asked to come up with a new plan.
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- June 9 2017
Regulator opposes merger of Indian life firms
Irdai has disapproved the proposed merger of Max Life and HDFC Standard Life, based on the structure of the deal.
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- June 8 2017
CIRC to strengthen standards
China's insurance watchdog will implement a spate of more stringent measures on liability, investment and liquidity risks.
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- June 7 2017
Hong Kong’s Astri expands cyber coverage to insurers
The Applied Science and Technology Research Institute is in talks to provide an insurance cybersecurity network.
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- June 5 2017
Malaysian bank merger to create top general insurer
RHB Bank and AmBank are in merger talks to form a US$9bn group and claim the top spot in general insurance.
