Industry Segments: Legal/Regulatory Page 86 / 89
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- June 12 2015
Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved
Approval issued despite concerns over reciprocity.
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- June 10 2015
Philippine court stops paid-up capital rate hike order for insurers
An adverse effect on the business climate is sufficient basis for an injunction, The Court of Appeals.
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- June 9 2015
China’s private hospitals to be eligible for reimbursement
Threshold for private healthcare providers also to be lowered.
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- June 9 2015
India seeks assets reconstruction insurance
Cover to compensate for the cost of reconstruction after natural disaster.
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- June 8 2015
MSI permitted to operate in Myanmar’s Thilawa Special Economic Zone
Obtains a provisional permit to underwrite general insurance from regulators.
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- June 8 2015
Shanghai insurance exchange to get approval this year
Exchange will offer risk securitisation products, catastrophe bonds and insurance derivatives, according to reports.
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- June 4 2015
India’s LIC becomes second foreign insurer to enter Bangladesh market
LIC to start operations as a JV entity with a paid up capital of BDT1bn (US$12.86m).
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- June 4 2015
Philippine insurers push for lower taxes on non-life insurance
5.5% tax on non-life insurance premiums sought.
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- June 3 2015
Vietnam’s insurance premiums forecast to grow in double digits
Q1 Turnover from insurance premiums reached more than US$665.75m.
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- June 3 2015
China’s regulator to oversee claims related to ship tragedy
Regulator also urges insurers to provide quick claim services.
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- June 2 2015
China launches commercial vehicle insurance reform
Insurance firms to receive more autonomy in setting premiums as part of the reform.
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- June 2 2015
Myanmar considers giving more licences to foreign insurers
Temporary licences already given as first step to more foreign investment.
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- June 2 2015
Sales of investment-linked assurance products fall 42% in Q1
Sales plunge dramatically after Hong Kong regulators tightened rules in January.
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- May 30 2015
M&As in global insurance sector start to recover, Swiss Re
Emerging markets, particularly Asia Pacific and Latin America, sees a pick-up in activity.
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- May 28 2015
Japan passes healthcare insurance reforms
Contribution percentages for patients aged 75 and over will be increased.
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- May 28 2015
India’s nuclear insurance pool may be launched this year
Indian government expected to put in some resources.
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- May 28 2015
Global insurance industry meeting tackles international regulation
Global regulation, its enforcement, coherence and effectiveness discussed during the 7th IIC conference.
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- May 27 2015
Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site
Taiwanese life giant plans to buy as much as US$3bn of overseas properties.
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- May 26 2015
India now requires promoter to hold 26% in insurance firm
Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.
