Industry Segments: Legal/Regulatory Page 66 / 84
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- August 22 2016
India pushes outsourcing norms for insurers
Activities such as medical examination, claims investigation and recovery may be outsourced under the new proposal.
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- August 22 2016
Chubb names new Singapore head
Adam Clifford becomes country president for general insurance in Singapore, subject to regulatory approval.
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- August 19 2016
Japanese life firms want independent oversight
Key players in the industry are urging corporate Japan to strengthen oversight by outside investors.
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- August 18 2016
Philippines to develop new mortality table
The regulator will develop an updated table consistent with current underwriting and marketing practice.
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- August 18 2016
Chinese insurers urged to list on OTC stock market
CIRC is promoting a new national over-the-counter market to exchange equity shares in non-public firms.
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- August 17 2016
China Life to issue second hybrid security
The mainland life insurer's second US dollar subordinated bond could come as early as next month.
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- August 17 2016
Price war looms after Malaysian tariff liberalisation
Increased competition means only well-capitalised companies are expected to withstand the heat.
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- August 15 2016
New rules in licensing Philippine HMOs due soon
The new guidelines will be out by the end of August, according to the Insurance Commission.
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- August 15 2016
India pushes for insurers’ mandatory listing
Insurers that have been in business for eight years may have to list publicly under new plans.
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- August 11 2016
Philippine insurance adjustment open for foreigners
The lifting of a foreign investment ban is seen as a way to encourage competition and best practices.
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- August 9 2016
Three new firms join domestic competition in China
Fosun United Health Insurance, Hetai and Aizin Life have been given the green light to launch.
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- August 9 2016
Malaysia market set for a major facelift
Bank Negara says the industry is set for its most significant transformation since the early 1990s.
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- August 5 2016
Philippines court upholds liquidation ruling on Prudentialife
The company will have to continue paying claims to policyholders, four years after it was put into receivership.
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- August 4 2016
Capital requirement for Philippine insurers to double
All existing insurers will have to increase their minimum capital to Ps550 million by the end of 2016.
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- August 2 2016
Capital rules not costly for Philippine HMOs, says IC
Higher paid-up capital unlikely to translate into higher costs, according to the Insurance Commission.
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- August 1 2016
China insurance industry sees 54% drop in profits
The falling returns were largely due to the gloomy stock market, low interest rates and economic slowdown.
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- July 29 2016
China calls for slowdown on global capital standards
Chinese insurance regulators have asked for a go-slow approach in developing international insurance capital standards.
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- July 28 2016
China begins checking on insurers’ bad practices
The country's insurance regulator is cracking down on insurers whose bad industry practices have gone unchecked.
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- July 28 2016
Philippines to implement bill of rights for policyholders
The insurance regulator is beefing up efforts to protect clients with the implementation of standardised rights.
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- July 27 2016
Investment scope for Singaporean insurers broadened
The Monetary Authority of Singapore is considering relaxing restrictions imposed on insurers' investments.
