Industry Segments: Legal/Regulatory Page 84 / 89
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- August 3 2015
Japan insurers seek 19% hike in earthquake premiums
The new increase could take effect by January 2017 but will be introduced in phases.
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- July 29 2015
China urges insurers to go digital
Insurance regulator CIRC has issued guidelines to encourage insurers to use the internet to reach more clients.
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- July 24 2015
Myanmar halts licences for foreign insurers
No reason disclosed for suspension of licences to operate in Myanmar's special economic zones (SEZ).
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- July 24 2015
China expands medical insurance for critical illnesses
The critical illness insurance system will cover more urban and rural residents.
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- July 23 2015
Insurance industry warns of effects of global tax reform
IUA warns regulators that complexity and an undue compliance burden will discourage investment.
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- July 23 2015
Aussie insurers seek to scrap “inefficient” taxes
ICA CEO Rob Whelan urges government leaders to abolish the "inefficient" insurance taxes.
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- July 21 2015
China to support online insurance businesses
China's central bank is encouraging insurers and other financial institutions to improve their online offering.
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- July 20 2015
India fines public-sector insurers for rigging bids
The Competition Commission of India found four insurance firms guilty of rigging a tender in Kerala in 2009.
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- July 20 2015
Hong Kong’s top insurance bodies merge
IIHK and CII merger aimed at improving and strengthening standards in the city's insurance and financial services market.
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- July 17 2015
Australia’s QBE sells N American unit for US$90m
The sale is expected to free up more than US$100 million in capital and reduce policy sales by about US$400m.
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- July 16 2015
Insurers cite regulation as top industry risk
Heavy-handed regulators are the top concern among insurers around the world, followed by fears over the broader economic outlook.
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- July 15 2015
‘No insurance, no entry’ for Chinese visiting Taiwan
Tourism bureau will require insurance that covers unexpected illnesses or injuries sustained while in Taiwan.
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- July 15 2015
Singapore mandates compareFIRST submissions
MAS will require all insurers in Singapore to submit information to new one-stop online portal.
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- July 13 2015
India may remove foreign investment cap
India could relax rules as insurance broking is not a "capital-intensive business", says government.
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- July 13 2015
Chinese insurers inject US$18bn of liquidity
Regulator increases the limits for insurers to invest in blue-chip stocks to prop up sky-high stock market valuations.
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- July 13 2015
Fosun completes Meadowbrook acquisition
US insurer will keep its headquarters in Michigan and continue to operate under the Meadowbrook brand.
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- July 10 2015
Cancer insurance likely to become a key market in India
Currently 75% of cancer patients in the country pay for their own treatment.
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- July 7 2015
India to launch database to monitor insurance fraud
24 life insurance companies said to have joined the programme to detect and prevent fraudulent claims.
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- July 7 2015
Australia’s insurance reform plan divides planners
Some consider the reform challenging, others claim a very positive first step to restructuring the life industry.
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- July 7 2015
Thailand to insure train passengers for the first time
Costs related to the scheme will be shouldered by the SRT and not incorporated into train fares.
