Industry Segments: Legal/Regulatory Page 73 / 89
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- July 4 2016
Volatility from Brexit to affect insurers’ finances
Prolonged stock market volatility may eventually strain the capital adequacy ratios or the financial strength of insurers.
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- June 30 2016
Chinese insurers reminded on improving disclosure
The country's insurance regulator has urged insurers to step up their corporate disclosure on equity investments.
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- June 30 2016
ICICI Prudential to go public in September
India's first public offering of a life insurer is scheduled to go public by September with an IPO that is set to raise US$885m.
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- June 29 2016
Korea set to ease insurance regulations
To help insurers boost their financial standing, the government will lift limitations on investments.
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- June 27 2016
Fosun seeks IPO of its US insurer Ironshore
The offering of the American insurer it acquired in 2015 could take place on either the New York Stock Exchange or Nasdaq.
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- June 24 2016
China gives mutual insurance its approval
Three mutual insurance associations have been given the go-ahead by the regulator for a one-year trial.
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- June 23 2016
Japanese majors raise capital for 2020 rule
Among those that are increasing their capital are Sumitomo Life, Meiji Yasuda Life, Nippon Life and Dai-ichi Life.
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- June 21 2016
Asean pushes for integration of insurance sector
Member countries have set up a working group that will look into the integration of the sector within the region.
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- June 21 2016
Zurich sells general insurance operations in Taiwan
The sale is part of its efforts to restructure its global organisation and curb a decline in profitability.
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- June 21 2016
Max Financial and HDFC eye merger
The deal will potentially create the biggest private insurer in the country, overtaking ICICI Prudential.
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- June 20 2016
ANZ likely to sell insurance business
The sale is a response to regulatory challenges following the global financial crisis.
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- June 17 2016
Taiwan firms warned against policy violations
The regulator is concerned about the high number of insurers burdened with excessive fees paid on sales .
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- June 17 2016
Chinese, European regulators to share information
The two industry watchdogs have agreed to share information on their frameworks for pensions and insurance.
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- June 14 2016
Five Philippine non-life insurers set to merge
Unable to raise enough paid-up capital required by the regulator, the P&C firms are set to tie up before year-end.
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- June 14 2016
Korean insurers sell property to meet new accounting rule
Changes in international accounting standards will require additional reserves once the new rules take effect.
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- June 10 2016
Philippines insurers push for VAT removal
The Philippine Insurance Commission has urged the government to reconsider value-added tax proposal.
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- June 9 2016
Firms settle nearly 90% of earthquake claims in Nepal
Nepal's insurance regulator says that claims worth US$107m have been settled out of an estimated US$156m of total claims.
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- June 8 2016
Shanghai to accelerate insurance sector development
Modernisation and internationalisation aimed at becoming an international insurance centre in the next five years.
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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.
