Industry Segments: Legal/Regulatory Page 74 / 90
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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.
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- June 3 2016
Philippine insurance regulator named first Mefin head
Emmanuel Dooc will chair the newly created Mututal Exchange Forum on Inclusive Insurance in Asia.
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- June 2 2016
China’s draft insurance rules worry foreign trade groups
A new cyber security law may require international insurers to buy substandard or insecure technology from China.
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- June 2 2016
Philippines exceeds micro-insurance target
Almost three out of every 10 Filipinos are covered by cheap insurance products, providing a benchmark for other Asian countries.
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- May 30 2016
Korea orders insurers to apply stricter lending rules
The move is part of the government's efforts to keep the country's household debt in check.
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- May 27 2016
Japan’s regulator holds off enforcement of commissions disclosure
Opposition from regional banks prompts FSA to set aside plan to require banks to disclose commission details.
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- May 23 2016
Solvency ratios of 11 Chinese insurers near regulatory limit
At least 10 life insurance firms and one property insurance firm have solvency ratios that are nearing the regulatory red line.
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- May 20 2016
India to revise IPO guidelines for insurers
The regulator has been working on changes to the existing public offering norms and expects to announce them soon.
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- May 20 2016
Korea seeks to revamp health insurance policies
The overhaul is part of an attempt to reduce the number of insurance fraud cases in the country.
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- May 19 2016
Korean life companies’ investment returns forecast to fall
High interest-rate policies and the introduction of new accounting rules are affecting profitability in asset management units.
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- May 18 2016
China rolls out catastrophe home insurance plan
At least 45 insurers have joined the programme, which will issue special insurance products providing post-earthquake compensation.
