Industry Segments: Legal/Regulatory Page 69 / 84
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- June 6 2016
Philippine regulator issues bill of rights
Insurance companies operating in the Philippines will now have to observe the Bill of Rights for Policyholders.
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- June 3 2016
China to inspect insurance investments
CIRC has informed insurers and related asset managers that it plans to inspect investments in onshore and offshore markets.
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- June 3 2016
Philippine insurance regulator named first Mefin head
Emmanuel Dooc will chair the newly created Mututal Exchange Forum on Inclusive Insurance in Asia.
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- June 2 2016
China’s draft insurance rules worry foreign trade groups
A new cyber security law may require international insurers to buy substandard or insecure technology from China.
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- June 2 2016
Philippines exceeds micro-insurance target
Almost three out of every 10 Filipinos are covered by cheap insurance products, providing a benchmark for other Asian countries.
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- May 30 2016
Korea orders insurers to apply stricter lending rules
The move is part of the government's efforts to keep the country's household debt in check.
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- May 27 2016
Japan’s regulator holds off enforcement of commissions disclosure
Opposition from regional banks prompts FSA to set aside plan to require banks to disclose commission details.
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- May 23 2016
Solvency ratios of 11 Chinese insurers near regulatory limit
At least 10 life insurance firms and one property insurance firm have solvency ratios that are nearing the regulatory red line.
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- May 20 2016
India to revise IPO guidelines for insurers
The regulator has been working on changes to the existing public offering norms and expects to announce them soon.
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- May 20 2016
Korea seeks to revamp health insurance policies
The overhaul is part of an attempt to reduce the number of insurance fraud cases in the country.
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- May 19 2016
Korean life companies’ investment returns forecast to fall
High interest-rate policies and the introduction of new accounting rules are affecting profitability in asset management units.
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- May 18 2016
China rolls out catastrophe home insurance plan
At least 45 insurers have joined the programme, which will issue special insurance products providing post-earthquake compensation.
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- May 17 2016
China looks to UK for advice on financial super regulator
Chinese regulators head to London to discuss plans to merge its banking, securities and insurance regulators into one entity.
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- May 16 2016
Malaysian consumers ask for more protection on claims
Lack of effective guidelines covering accident insurance claims has resulted in many policyholders being defrauded.
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- May 12 2016
Philippine government sells National Life
The insurance regulator has approved the sale to a consortium of Filipino businessmen for US$23 million.
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- May 12 2016
Cross-border reinsurers win approval in India
Indian insurers are now allowed to make placements with a large number of reinsurers.
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- May 11 2016
CIRC reportedly checking on Anbang’s investments
The regulator is reportedly sending inspectors to scrutinise investments in real estate and unlisted equities.
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- May 11 2016
EastWest buys StanChart’s Philippine insurance unit
Assurance Solutions Insurance Agency was set up in 2012 to provide marketing and sales services for Standard Chartered.
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- May 11 2016
Allianz to sell part of Taiwan life insurance portfolio
The sale of the €1.2 billion portfolio is driven by the constraints on European insurers as a result of Solvency II.
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- May 9 2016
Indian insurers soon to invest in bank hybrid bonds
A senior official at IRDA has hinted of a change to the country's investment rules.
