Industry Segments: Legal/Regulatory Page 72 / 89
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- July 25 2016
Prudential, Taiyo pull out from Bangladesh entry
The two insurers are reportedly withdrawing their plans to expand in the saturated but underdeveloped market.
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- July 20 2016
Taiwan set to tighten rules on life insurance products
Regulators intend to lower the current 5% insurance policy bancassurance fees to 3.5% to contain costs.
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- July 20 2016
Manulife Vietnam gets green light to raise charter capital
The approval means Manulife Vietnam can raise its charter capital by 38%, its second hike in eight months.
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- July 19 2016
Singapore regulator eases capital requirements
MAS has acknowledged the need to relax the capital requirements of insurers as revealed in a proposed revised framework.
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- July 19 2016
Vietnam imposes ceiling on foreign reinsurance
Foreign companies can now only reinsure up to 90% of their total insurance liability due to ‘issues with overseas reinsurance’.
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- July 18 2016
Regulations hinder Chinese firms’ Israeli ambitions
Transparency issues are making it hard for Chinese companies to pursue controlling stakes in Israeli insurance firms.
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- July 15 2016
OJK expected to oversee Fairfax-AMAG merger
Regulatory supervision may be slowing the Canadian firm's plans to acquire general insurer Asuransi Multi Artha Guna.
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- July 13 2016
Malaysia plans insurance fraud detection system
The system will allow member companies to take appropriate action in a move to cut the rising cost of motor claims.
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- July 13 2016
India’s Edelweiss to launch insurance company
One of the country's leading diversified financial services companies is preparing to enter its competitive insurance industry.
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- July 13 2016
ING Life sale expected to drag on
JD Capital and PICC have emerged as the most aggressive preliminary bidders in the sale of the Korean insurer.
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- July 12 2016
Major Chinese insurers to face stricter rules
The country's top insurance regulator is set to release a list of domestic systemically important insurers.
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- July 12 2016
Taiwan’s NHI launches open data website
The government launch of an insurance website has given the public access to six categories of open insurance data.
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- July 12 2016
MAS concerns for consumers amid Singaporean talent war
The regulator has acknowledged that there is a need to institute control mechanisms to protect consumers.
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- July 11 2016
Insurance earnings under the spotlight for Japanese banks
There are growing concerns that Japanese banks should be more transparent to their customers.
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- July 8 2016
Swiss Re names new corporate solutions head for China
Jingwei Jia has been appointed chief executive officer for the operations for the Swiss insurer's China corporate solutions business.
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- July 8 2016
Huagui Life gets regulatory approval in China
The Chinese-listed holding firm is getting closer to achieving its plan to establish a new life insurance company.
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- July 7 2016
Malaysian insurers to benefit from tariff reductions
Many in the industry are seeing the detariffication process as leading to more competition and price wars.
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- July 6 2016
China eases rules on infrastructure investment
A slow economy and low returns have prompted China to ease regulation governing insurers' investments in projects.
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- July 6 2016
Hong Leong gets go ahead on sale of life unit
The group is exploring the sale of its life insurance business in Malaysia, in a move analysts describe as a surprise.
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- July 5 2016
RGA enters India
The Reinsurance Group of America has secured approval from the regulator to establish a branch in the country.
