Industry Segments: Legal/Regulatory Page 83 / 89
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- September 22 2015
Chinese insurers now allowed to set up PE funds
Insurers can set up growth, buyout, mezzanine, real estate and venture capital funds.
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- September 22 2015
Hong Kong to launch Insurance Authority by year-end
The proposed Insurance Authority will replace the Office of the Commissioner of Insurance.
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- September 18 2015
Asia-Pacific outsourced insurance assets likely to surge
Growth is driven by regulatory clarity and innovations in accounting and risk controls.
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- September 16 2015
Indonesian regulator revokes licence of MAA General
Its Indonesian operation licence has been revoked with effect from September 3 2015.
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- September 16 2015
JLT establishes presence in Myanmar
A growing list of international insurers are establishing offices as the country opens up.
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- September 10 2015
Philippine insurers favour mandatory earthquake insurance
Insurers have submitted a proposal on compulsory earthquake insurance to the finance secretary.
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- September 7 2015
MAS fines Mercer for unlicensed life insurance sales
The Singapore regulator has fined Mercer for arranging contracts without appropriate licences.
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- September 4 2015
Taiwan to focus on regulating insurance industry
Insurers are blamed for pushing the prices of products and services to "unreasonable levels".
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- September 3 2015
China to include treatment, diagnosis of birth defects
The National Health and Family Planning Commission is expanding coverage in its programmes.
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- September 1 2015
Thailand to revive travel insurance for visitors
The tourism ministry is considering the proposal following the recent bomb attack.
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- September 1 2015
Vietnam extends health coverage to weekends and holidays
Health examinations and treatment during holidays and weekends will now be covered.
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- August 31 2015
Thailand providing health insurance to 1.7m migrant workers
The Public Health Ministry says its health insurance programme has more than doubled since 2007.
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- August 31 2015
China trials first earthquake insurance in Yunnan
Six insurance companies have joined in the launching of China's first earthquake insurance trial.
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- August 28 2015
Pakistan raises insurance capital requirements
Regulators have increased the minimum paid-up capital requirement for insurers by US$1.9million.
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- August 26 2015
Tianjin lesson: Open insurance market to foreigners, says Lloyd’s
Lloyd's reinsurance head says China needs to let foreign insurers enter the market after Tianjin wake-up call.
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- August 12 2015
Insurance complaints on the rise in China
In the first six months of this year, complaints about insurance contracts in China grew by 4.03%.
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- August 12 2015
Tuition protection policy launched in Thailand
Thai parents can now protect their children's schooling in the event that they lose the ability to pay.
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- August 10 2015
Aviva mulls raising stake in Indian JV
British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.
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- August 6 2015
China to punish firms leaking medical insurance data
Insurance regulator to carry out inspections on firms found to have irregularities.
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- August 5 2015
Bangladesh to appoint auditor to check spending of life insurers
Majority of the country's life insurers were in breach of their respective spending limits last year.
