Industry Segments: Legal/Regulatory Page 62 / 89
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- March 21 2017
MyCC issue a misunderstanding, says AIA
AIA Malaysia has defended itself from allegations it participated in an anti-competitive agreement in the country.
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- March 20 2017
Regulator lowers punishment against CEOs of Korean insurers
FSS says the penalty against the CEOs is now a precautionary warning, or a notch lower than the one previously announced.
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- March 20 2017
Global M&A activity at lowest level in three years
However, Asian transactions were still robust, with 12 of the top 20 deals by value in 2016 involving an Asian insurer.
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- March 16 2017
Manulife wins first Investment Company WFOE licence in China
The approval will allow the company to provide private assets solutions in China's fast-growing asset management industry.
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- March 16 2017
Indonesia urges insurers to buy government securities
The Financial Services Authority says insurers should help offset the deficit in the state budget.
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- March 15 2017
Indonesia approves two new reinsurance brokers
The Financial Services Authority has issued operational licences to JLT Reinsurance Brokers and Inare Proteksi International.
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- March 15 2017
Foresea Life chairman resigns
Yao Zhenhua resigned after getting a 10-year prohibition order from China’s insurance regulator.
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- March 13 2017
Hong Kong told to develop incentives for reinsurers
Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.
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- March 13 2017
Fewer nonlife firms in the Philippines expected this year
Numbers are expected to decline this year as the regulator imposes higher capital requirements for insurers.
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- March 8 2017
AIA wins licence to operate in Cambodia
The group will start operations by the end of the year in a market with significant growth potential.
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- March 7 2017
Penalty against 22 insurers in Malaysia not final
The Malaysia Competition Commission has said the general insurers still have 30 days to appeal their case.
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- March 7 2017
Big insurers may face less scrutiny in China
Insurance authorities are planning an industry-wide shakeup that will see smaller insurers face stricter regulation.
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- March 6 2017
Regulations to alter Malaysia’s life insurance industry
Bank Negara Malaysia's upcoming regulatory changes will make it tough for part-time insurance agents to survive.
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- March 3 2017
Citic-Pru Life approved to open Sichuan branch
The development comes after the JV announced plans to expand into Anhui province in November last year.
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- March 2 2017
Global insurance regulators discussing new risk-based rules
The group is already finalising broad capital buffers for insurers based on the size and complexity of companies.
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- February 28 2017
CIRC slaps Evergrande Life with 12-month ban
The Chinese insurer will be unable to participate in stock investments after violating investment rules last year.
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- February 27 2017
AIG sees uncertain future in ‘too big to fail’ tag
US regulations that consider non-bank financial institutions as too big to fail do not sit well with some insurers
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- February 24 2017
India’s state-owned general insurers may merge
Oriental, National and United India Insurance are likely to be merged to fetch stronger valuations.
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- February 24 2017
Thai life industry profits forecast to grow 6%
The Thai Life Assurance Association expects low interest rates to prompt a move into investment-linked products.
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- February 24 2017
Chinese regulator continues to warn of risky practices
CIRC has again reiterated its stance against use of insurance capital for market speculations.
