Industry Segments: Life Page 44 / 52
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- January 13 2016
AIA says Philippine business will be one of its top units
CEO Mark Tucker cited the growing economy and low penetration rate as reasons for optimism.
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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 11 2016
Bank Rakyat Indonesia cancels sale of insurance arm
State-controlled lender has reportedly scrapped the sale of 40% stake in its life insurance arm.
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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
Cathay Life invests further US$900m in logistics sector
The Taiwanese firm has broke ground on another logistics facility in Taichung's Wuri District.
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- January 6 2016
China Life among top 10 global insurers by net premiums
The Chinese insurer is the only Asian firm to make the list, which is dominated by US and European names.
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- January 5 2016
Unclaimed insurance payouts in Singapore top 8,000
A total of 8,185 insurance payouts have not been claimed by policyholders as of September 2015.
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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
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- December 30 2015
China’s premiums up nearly 20% in Jan-Nov period
Life premiums also up by nearly 25% within the same period
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- December 29 2015
Vietnam’s insurance industry invests US$6.7 in economy
Long term government bonds seen as popular investment among life and nonlife firms in 2015
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- December 24 2015
Three Chinese life firms consider US$3.1bn bond launches
An Bang Life Insurance, Happy Life Insurance, and Tian'an Life Insurance looking to tap the markets.
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- December 23 2015
Sun Life shuts down wealth products
Canadian giant to focus on Life Solutions as part of a review in key markets, including Asia
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- December 23 2015
Allianz Buys 51% of PNB Life in the Philippines
The two firms also enter into a 15-year exclusive distribution partnership
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- December 22 2015
India’s general insurance penetration drops to 0.70%
Slower economic growth and entry of life players into the general market, attributed says GIC
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- December 21 2015
Muang Thai Life seeks approval for Cambodia JV
Thai life insurer embarks on its first life-insurance venture outside Thailand and expected to receive approval early next year.
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- December 17 2015
Manulife Philippines bancassurance deal gets clearance
Manulife Philippines can now sell insurance products at branches of China Savings Bank.
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- December 16 2015
Zurich names new global life CEO
Gary Shaughnessy takes over from Kristof Terryn as part of a leadership revamp.
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- December 16 2015
Bank Rakyat Indonesia buys insurer for US$114m
Indonesia's second-largest lender is finalising its acquisition of Bringin Jiwa Sejahtera Life.
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- December 15 2015
Singapore policyholders ask for clarity on bonuses
Life insurance customers want to know why non-guaranteed bonuses have plunged.
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- December 14 2015
Foreign insurers in Korea hit by heavy Q3 losses
Continued poor performances fuel rumours that global insurers will pull out of the market.
