Industry Segments: Risk Based Capital Page 3 / 5
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- December 14 2017
China considers revising insurance security fund rules
The move will allow the fund to provide necessary liquidity support to insurers in case of crisis.
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- December 13 2017
Outlook for Asia insurance sector stable, says Moody’s
Steady economic momentum across the economies of the region is driving demand for insurance.
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- December 11 2017
IAG shares 12.5% premiums, costs with reinsurers
In an effort to curb volatility in its earnings Australia’s biggest general insurer is releasing capital.
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- December 6 2017
Taiwan Financial approved to inject new capital in insurance unit
The Taiwanese financial group has proposed adding US$330m of capital into Bank Taiwan Life Insurance.
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- November 23 2017
Regulators rethink how insurers’ risks are assessed
Global regulators are considering changing the way "systemically important" insurers are defined.
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- October 26 2017
Moody’s keeps negative outlook on Taiwan market
The industry has shown improvement with margins on savings products but still needs to make progress.
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- October 13 2017
Philippine insurers told to beef up reserves
There remains a US$155m gap in reserves, or more than 60% of industry premiums and claims.
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- October 11 2017
AIG sees third-quarter cat losses of US$3bn
The figure includes US$1 billion each from hurricanes Harvey and Irma, and up to US$700 million from Maria.
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- October 9 2017
Big losses expected from recent hurricanes
The global insurance industry may face losses of up to US$100bn from hurricanes Harvey, Irma and Maria.
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- October 9 2017
MS&AD buys 15% stake in ReAssure
The group has agreed to pay Swiss Re £800m (US$1.05bn) for its investment in the UK-based closed-book life insurer.
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- September 28 2017
Korean insurers brace for new accounting rule
Insurance providers will have to maintain a two-track record of their financial statements, beginning next year.
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- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
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- August 25 2017
Anbang Life’s credit rating lowered
A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.
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- July 31 2017
China to boost oversight on insurers’ ALM
Asset liability management practices will be the next area to face stricter supervision.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
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- June 23 2017
Five Philippine non-life insurers to exit industry
Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.
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- June 8 2017
CIRC to strengthen standards
China's insurance watchdog will implement a spate of more stringent measures on liability, investment and liquidity risks.
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- May 31 2017
Korea relaxes rules as IFRS implementation nears
The FSS aims to help insurers alleviate potential fallouts from changes in global accounting rules.
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- May 30 2017
Interest rate risk hounds Japanese insurers
Life insurers are failing to extend the duration of their assets because of lingering low bond yields in Japan.
