Industry Segments: Legal/Regulatory Page 64 / 89
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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.
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- January 24 2017
Korea mulls revision of health insurance programme
The country's Ministry of Health and Welfare is proposing to reduce fees by as much as half.
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- January 23 2017
Japan to cut auto insurance premiums
Compulsory liability premiums will go down by an average 6.9%, the first fall in nine years.
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- January 23 2017
Lloyd’s gets final approval on India branch
Chairman John Nelson says it will develop the branch as an international centre for insurance and reinsurance.
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- January 20 2017
Japanese insurers join rush to enter Iran
More than 140 foreign insurance and reinsurance companies are in talks with the Iranian regulator.
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- January 20 2017
Positive outlook for Malaysia’s Islamic insurance sector
In the first quarter of 2016, family takaful grew by 9.8% while general takaful grew by 5.8%.
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- January 20 2017
India approves listing of five state-owned insurers
The cabinet committee of economic affairs has confirmed the plan announced last year.
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- January 19 2017
Philippine insurers given capital requirement deadline
Regulators have given insurance companies until April this year to meet the minimum capital target.
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- January 19 2017
China to lower foreign investment restrictions
The State Council said it will cut restrictions on insurance, banking, securities and other sectors.
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- January 18 2017
Berkshire enters Malaysia’s non-life reinsurance market
The Labuan licence adds to the company's existing presence in Singapore, Hong Kong and Macau.
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- January 17 2017
Nan Shan Life takes over Chaoyang Life in Taiwan
The Taiwanese government is paying NT$200m to take over loss-making insurer before May this year.
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- January 16 2017
Hanwa Life Indonesia mulls IPO in 2019
The IPO is part of an effort to meet the regulator's 80% foreign ownership limit for insurers.
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- January 16 2017
Premium income up 29% in China
The country's insurers earned US$449.4bn from premiums in 2016, according to CIRC.
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- January 13 2017
China investigates PICC president Wang Yincheng
Wang was reportedly taken away by authorities from the insurer's Beijing headquarters last Monday.
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- January 11 2017
Taiwan to create long-term healthcare agency
The Ministry of Health and Welfare is planning to push forward the government's long-term care program.
