Industry Segments: Legal/Regulatory Page 70 / 89
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- September 8 2016
AIA plans Korean subsidiary
The move is rumoured to be preparation for a potential exit from the sluggish Korean market.
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- September 5 2016
China to allow insurers to invest in startups
The government will also provide tax cuts and improve platforms to enhance direct financing.
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- September 5 2016
Hanwha Life interested in Woori Bank
The Korean life insurer is considering a stake in the country's only state-owned commercial bank.
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- September 2 2016
Insurance purchases by mainlanders hit record high in HK
The increase came even as China’s regulators took further steps to limit purchases of the products.
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- September 2 2016
Singapore introduces new rules on premium payments
The clearer rules are expected to lessen claim disputes between insurers and customers.
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- September 2 2016
Swiss Re unit secures HK general insurance licence
The new branch expands Swiss Re Corporate Solutions' operations across Asia Pacific to 10 offices.
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- September 1 2016
Philippine deposit insurer issues warning
The insured status of institutions that engage in unsafe deposit-related banking practices will be terminated.
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- September 1 2016
Anbang seeks approval to buy Allianz Korea
The Chinese insurer has already won regulatory approval from authorities in Beijing.
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- August 31 2016
HMOs want to renegotiate Philippines guidelines
An industry group says the new requirements are too stiff given that this is the first time they are being imposed.
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- August 30 2016
Indian life insurers keep up high growth rates
New premiums were buoyed by better distribution channels, low rates and better expectations from unit-linked products.
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- August 30 2016
China to limit insurers’ funding sources for M&A
The country’s insurance regulator is cracking down on aggressive acquisitions.
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- August 29 2016
Taiwanese insurer ordered to pay premiums
Taiwan’s Nan Shan Life risks paying penalties if it does not contribute to its agents’ health insurance coverage.
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- August 26 2016
China cracks down on short-term policies
CIRC is identifying measures to suppress policies that compete with wealth management products.
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- August 26 2016
Korean insurers’ RBC ratio continues to rise
Under local regulations, insurance companies are required to maintain risk-based capital ratios above 100%.
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- August 25 2016
Anbang’s Hong Kong insurance unit to go public
The Chinese insurer has reportedly invited investment banks to pitch for roles on the IPO of its life insurance business.
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- August 25 2016
Asian regulatory changes to boost reinsurance appetite
Regulatory measures put in place in the Asian markets could usher in a greater demand for reinsurance, according to Fitch.
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- August 23 2016
Singapore to improve ElderShield
The enhancement will complete the strengthening of Singapore’s social safety net during the past decade.
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- August 23 2016
Malaysia’s employment insurance needs more study
More research is needed before the scheme can be implemented across the country.
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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.
