Industry Segments: Legal/Regulatory Page 63 / 90
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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.
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- February 23 2017
CIRC participating in new asset management rules
The insurance regulator has reportedly teamed up with the central bank and the country’s securities and banking regulators.
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- February 22 2017
India’s life industry up 35.13% in January
A high increase in group and individual single premium policies is pushing the sector's growth.
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- February 22 2017
Korea’s insurers post net income decline in 2016
Results were dragged down by a lacklustre performance from life firms, according to FSS.
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- February 22 2017
Lloyd’s names new chairman
Moneysupermarket chairman and former Marsh chief exec Bruce Carnegie-Brown will take on the role.
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- February 21 2017
New AIA investment centre opens in Singapore
The unit will provide better management of internal funds to improve delivery of returns to policyholders.
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- February 20 2017
Malaysia crafts new privacy rules for banks, insurers
The act aims to protect data privacy and security by laying down codes of conduct in specific industries.
