Line of business: Life Page 30 / 53
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 12 2017
SBI Life’s IPO plan gets final board approval
The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.
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- July 7 2017
Guaranteed to end badly?
Insurers in Asia are taking ever bigger risks to meet increasingly unrealistic guaranteed returns promised to policyholders.
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- July 7 2017
China drafts rules on endowment insurance
CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.
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- July 7 2017
Sale of SCB insurance unit to FWD halted
What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.
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- July 7 2017
Premium growth defies weak economies
Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.
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- July 6 2017
Emerging Asia to drive premium growth
Asian emerging markets will help global insurance premium growth accelerate to 5.9% during the coming decade.
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- July 3 2017
OCBC sells 33.3% stake in Hong Kong Life Insurance
The sale to First Origin International yielded a return of around US$309m.
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- June 30 2017
CIRC crackdown hits universal life sales
Premiums are down 59% year-on-year on the back of an aggressive campaign to tame market players.
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 28 2017
Axa Hong Kong appoints new CEO
Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 21 2017
Tahoe completes acquisition of Dah Sing Insurance
The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
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- June 19 2017
MetLife names new US president
Michael Khalaf has been appointed to the role following his role in expanding the European business.
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- June 16 2017
Thai market continues to lose momentum
Premium growth slowed for the fourth year in a row to 3.9% in 2016, according to Allianz Economic Research.
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- June 16 2017
Indonesian life firms post huge premium growth
Premium income expanded 25.5% thanks to the popularity of unit-linked and traditional insurance products.
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- June 14 2017
Offline life firms dominate Korea’s online market
Savings-type policies offered by traditional insurers are a hit with internet users in the country.
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- June 13 2017
New HK regulator vows to work on cross-border supervision
The Hong Kong Insurance Authority is expected to work hand in hand with its counterpart from mainland China.
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- June 12 2017
Hong Kong, overseas firms seek China entry
Among those making a beeline into the mainland market is FWD Hong Kong, which has applied for a life insurance licence.
