Industry Segments: Legal/Regulatory Page 77 / 90
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- March 18 2016
Chinese customers spent US$4.2bn in HK in 2015
The amount represents roughly a quarter of the total premium income from new life policies in the city.
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- March 15 2016
Myanmar poised to grant licences to European firms
Euro insurers will be allowed into a special economic zone after operating in Myanmar for at least three years.
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- March 15 2016
Prudential, AIA hit by China’s HK sales restriction
China's central bank has tightened restrictions on insurance purchases by mainlanders in Hong Kong.
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- March 15 2016
Taiwan to restrict health insurance for overseas citizens
A proposed amendment seeks to restrict access for Taiwanese who live abroad for more than six months.
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- March 11 2016
Singapore urges life insurers to improve services
The Monetary Authority of Singapore wants to see service standards that meet consumer expectations.
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- March 9 2016
Guernsey sets up Hong Kong office
The offshore financial centre is coming to the city to tap into business opportunities in the region.
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- March 9 2016
Taiwan uncovers US$9m health insurance fraud in 2015
The National Health Insurance Administration has punished 383 hospitals, clinics and pharmacies.
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- March 7 2016
Shanghai mayor urges insurers to provide more products
Yang Xiong has said Chinese and foreign insurance firms should innovate more products in the city.
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- March 4 2016
Singapore likely to keep status as Asia’s top insurance hub
Stable government and favourable tax regime are just a few of the major factors that favour the city state.
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- March 3 2016
Lloyd’s set to double onshore China premiums
Reinsurance is moving onshore as China’s new solvency rules punish overseas reinsurers with stiff capital charges.
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- March 2 2016
China to announce plan for financial super-regulator
The proposal would see the country's banking, securities, and insurance regulators merged into one entity.
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- March 1 2016
Taiwan legislators consider revision of insurance law
The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.
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- March 1 2016
Thailand exempts insurers from foreign business licence
The government is making it easier for foreign financial firms to operate in the country, says Baker & McKenzie.
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- February 23 2016
India considers automatic FDI approval
The government is reportedly looking at automatic approval for 49% ownership for foreign direct investments.
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- February 22 2016
Insurance regulators in India and UAE ink bilateral pact
The agreement provides for sharing of insurance information amid interest from many other countries in India.
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- February 19 2016
Indonesia’s takaful accounts for 6.2% of insurance market
Sharia insurance products now account for 6.2% of the country's market by gross written premiums.
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- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
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- February 18 2016
Fosun cancels US$462m acquisition of Israeli insurer
The Chinese company says that conditions in global markets forced it to terminate the acquisition.
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- February 17 2016
China approves new online insurance venture
CIRC has approved Shenzhen Infogem Technologies' registration to operate an online insurance firm.
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- February 17 2016
Bangladesh orders MetLife to raise capital by almost 500%
The Insurance Development and Regulatory Authority arrived at the figure using its new solvency margin rules.
