Industry Segments: Legal/Regulatory Page 72 / 90
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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.
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- 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.
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- 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.
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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.
