Industry Segments: Legal/Regulatory Page 72 / 90
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- July 27 2016
Investment scope for Singaporean insurers broadened
The Monetary Authority of Singapore is considering relaxing restrictions imposed on insurers' investments.
-
- July 26 2016
Vietnamese life market booming
Total life insurance premiums reached close to US$1bn for the first half of 2016, according to the Vietnam Insurance Supervisory Authority.
-
- July 26 2016
China underinsured based on recent flood claims
Claims arising from the recent flooding are expected to reach a small fraction of the full economic loss.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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’.
-
- 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.
