Industry Segments: Legal/Regulatory Page 64 / 90
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- February 20 2017
Panel of actuaries to examine new policies in India
New products will soon need the approval of a panel of actuaries before they can go on sale.
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- February 17 2017
India insurance penetration to hit 4% this year
Insurance coverage in the country peaked at 5.2% in 2009, but is now back on a rising trend.
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- February 15 2017
Chinese premiums up in 2016 but set for slowdown
CIRC expects growth to slow down this year due to stricter regulations for financial deleveraging.
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- February 14 2017
ING Life Korea seeks listing approval
The Korean life insurer is seeking approval for an initial public offering, according to an exchange official.
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- February 13 2017
New India Assurance will file IPO within eight months
The Indian insurer has said it will take six-to-eight months to prepare its initial public offering.
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- February 10 2017
Chinese insurers warned on overseas acquisitions
Some companies behave like “a little boy rushing into a candy store”, says CIRC official.
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- February 8 2017
Taiwan gears up for third-generation health scheme
Initiation of the third-generation national health insurance plan started last month said the health minister.
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- February 7 2017
Global insurers capitalising on India’s demonetisation
The government's radical experiment has pushed millions of Indians to enter the formal financial system.
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- February 6 2017
Former KIDI chairman to lead Allianz Life Korea
Kim Soo-bong will make a comeback to the insurance industry as vice-president level auditor.
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- February 3 2017
RGA starts operations in Mumbai
The opening comes after the branch secured a licence and the required approvals from the regulator.
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- February 1 2017
India’s SBI Life eyes IPO within next fiscal year
Chief executive officer Arijit Basu says the life insurer may sell a 10% stake by March 2018
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- January 30 2017
India drafts guidelines on outsourcing insurers’ activities
IRDAI proposed rules designed to ensure firms comply with prudent risk management practices.
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- January 27 2017
China introduces new agri insurance subsidies
The new measures will better evaluate performance the subsidies, the Ministry of Finance said.
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- January 26 2017
Intesa SanPaolo in tie up opportunities with Generali
A tie-up between the two companies would create Italy's largest financial conglomerate.
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- January 26 2017
China limits insurers’ stock investments to 20%
Chinese insurers will be restricted from buying listed firms or partnering with non-insurance parties.
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- January 26 2017
Nippon Life to venture into project finance
With some Japanese government bonds paying negative yields, insurers are exploring new ideas.
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- January 25 2017
New ILO rules make seafarers’ insurance mandatory
Ship owners are now required to have insurance to cover claims for death or long-term disability.
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- January 25 2017
Thailand’s SCB Life up for sale
The process to sell a 49% stake stalled last year after changes in foreign shareholder rules.
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- January 25 2017
Swiss Re to open Mumbai branch on February 1
India's regulator has approved the Swiss reinsurer’s application for a composite branch licence.
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- January 24 2017
Slump in China’s life premiums expected this year
The regulator's crackdown and a decline in insurers' investment returns could cause a fall.
