Industry Segments: Legal/Regulatory Page 78 / 89
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- February 4 2016
Indonesia’s legislators seek limits on foreign ownership
No decision yet on threshold, says OJK, but existing majority owners are hoping for an exemption.
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- February 4 2016
China caps Hong Kong insurance purchases
Foreign exchange regulator is stepping up administrative measures to slow capital outflows.
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- February 4 2016
Asia United Bank seeks bancassurance partners
Bank's president says that potential partners have approached the bank for a possible deal.
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- February 1 2016
Indonesia to limit foreign ownership to 30%
The country's insurance regulator announced its latest protectionist measure to reporters on Friday.
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- January 27 2016
Chubb names country heads for HK, Singapore, Korea
The announcement is part of a re-branding after the acquisition by ACE, which closed this month.
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- January 26 2016
New rules threaten Hong Kong life insurers’ growth
More stringent underwriting rules are likely to reduce the life insurers' growth momentum, says Fitch.
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- January 22 2016
XL Catlin to open reinsurance branch in India
The decision to pursue a licence is part of a strategy to expand its presence in emerging markets.
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- January 20 2016
Dai-ichi Life in distribution deal with Vietnam Post
Japan's third-largest life insurer will sell its products exclusively at branches of state-run Vietnam Post.
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- January 19 2016
Philippine nonlife industry outperforms in 2015
From January to September 2015, net income in the nonlife insurance sector grew 122% to US$76m.
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- January 19 2016
Thailand to ease foreign investment rules
Foreign investors will no longer need approval to hold more than 50% in the country's local insurers.
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- January 18 2016
EastWest Ageas Life wins Philippines licence
Joint venture between EastWest Bank and Ageas has been approved by the Insurance Commission.
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- January 14 2016
China to merge medical insurance programmes
The move is aimed at making medical insurance accessible for urban and rural residents alike.
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- January 13 2016
Fubon Life pays US$267m for stake in China United
The acquisition will give the Taiwanese insurer an opportunity to expand its footprint in China.
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- January 12 2016
Eight nonlife insurers in the Philippines for sale this year
A new capitalisation requirement is encouraging a wave of consolidation among smaller insurers.
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- January 8 2016
Insurers urged to set up fund management firms in Beijing
The new Beijing insurance industrial park is developing into a showcase for the insurance industry.
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- January 8 2016
Sumitomo Life approved for US$3.8bn Symmetry deal
Approval issued after regulator says deal is not hazardous or prejudicial to the insurance-buying public.
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- January 7 2016
Sompo beats rivals to enter Myanmar’s auto market
The Japanese insurer will write vehicle insurance in the Thaliwa special economic zone in south-east Yangon.
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- January 7 2016
Fitch forecasts growth for Malaysia’s takaful sector
After strong growth in 2015, the momentum will continue thanks to demographics and government support.
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- January 6 2016
Philippine central bank likely to raise insurance budget
The BSP is reportedly reviewing its insurance funds and could up its allocation from the current P3.65bn.
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- December 30 2015
Indonesia to maintain premuim revenue growth in 2016
Life companies forecast to post a 20%-30% increase next year, according to AAJI
