Industry Segments: Regulatory Page 69 / 91
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- November 9 2016
Hong Leong calls off talks to sell insurer stakes
After failing to reach a deal with any of the potential buyers, the group abandons the sale.
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- November 9 2016
Philippines protection gap valued at US$300bn
Many Filipinos are still not covered and the industry is not focused on selling protection at present.
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- November 8 2016
Australia pushes for regional calamity risk cover
The country is identifying areas where it may be able to encourage affordable disaster risk insurance.
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- November 8 2016
ICIEC, K-sure agree on mutual cooperation
The partnership comes at a time when Korean companies are increasingly investing in ICIEC member countries.
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- November 7 2016
HK regulator optimistic despite Beijing restrictions
Independent Insurance Authority sees demand remaining strong because of high quality of products.
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- November 4 2016
Indonesia urged to use cat bonds
The SE Asian nation is the latest country to be urged to transfer risk via capital markets.
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- November 3 2016
Profit drop eases for China’s insurers
Lower yields on insurance funds dragged down the profits of China's insurance firms in the first nine months.
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- November 3 2016
Philippine lawmakers back lower taxes on non-life insurance
Hopes are high that proposals to reduce taxes imposed on non-life insurance in the Philippines will eventually be approved.
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- November 2 2016
Negotiations extended for sale of Felda’s AXA Affin stake
Talks between Affin and the state-run planter’s stake will be allowed to extend for another three months.
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- November 2 2016
India’s non-life gross premiums up 86% in September
Among the 23 private sector players, HDFC Ergo General's underwritten premium almost tripled.
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- November 2 2016
India requires reinsurance applicants to bring in capital
IRDA moves closer to final approval with a capital request of Rs5 billion (US$75 million) each.
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- October 31 2016
Private health insurance continues apace in China
China’s private healthcare insurance market is developing at a staggering pace.
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- October 31 2016
Ping An Insurance’s 3Q profit up 15%
The company recorded a 15% increase in its net profit for the third quarter on the back of strong insurance sales.
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- October 27 2016
Insurance agents warned against referral fees
The Life Insurance Association of Singapore has said that charging referral fees is unethical.
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- October 27 2016
Philippines’ mandatory nat-cat insurance under review
The Philippines’ Insurance Commission will review the proposed compulsory catastrophe insurance cover.
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- October 25 2016
China Oceanwide to acquire US insurer Genworth
The US$2.7 billion cash deal will help Genworth manage its debt and boost its insurance operations.
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- October 25 2016
Asian firms brace for higher healthcare bills
Costs are set to increase by 11.5% this year, more than five times the average regional inflation of 2.1%.
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- October 24 2016
Malaysia probes insurers for anti-competitive practices
Several firms are under investigation over price-fixing in the motor vehicle repair industry.
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- October 21 2016
Myanmar and India sign insurance cooperation
The MoU was signed in the presence of Narendra Modi and Aung San Suu Kyi.
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- October 20 2016
Foreign reinsurers likely to get R2 approval in India this month
An R2 or second-phase approval looks imminent for foreign reinsurance firms seeking a branch licence in India.
