Line of business: Life Page 32 / 53
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- May 3 2017
Philippine life market growing at rapid pace
The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.
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- May 2 2017
AIG completes sale of Fuji Life to FWD
The Japanese insurer will become a wholly owned subsidiary of FWD and will continue to operate under its current name.
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- April 28 2017
Startup Singapore Life raises US$50m in funding
The Series A funding round is led by Hong Kong-listed Credit China FinTech and UK-based investment firm IPGL.
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- April 28 2017
AIA delivers record new business performance
The value of new business grew to US$884m during the three months ending February 28, up 55% from last year.
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- April 27 2017
Philippines urged to follow UK reinsurance probe
A senior insurance executive has asked the regulator to take a closer look at foreign reinsurance brokers.
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- April 24 2017
Aviva acquires entire shareholding in Vietnam JV
The former joint venture with VietinBank is now a wholly owned subsidiary of the British insurer.
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- April 21 2017
India’s life market grows 26%
LIC remained the top performer, generating total new premium of Rs1.243tn for the period.
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- April 20 2017
High dividends draw investors to ING Life’s US$1.2bn IPO
The listing, which will be Korea’s second-largest IPO so far this year, is scheduled for the second week of May.
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- April 18 2017
China’s Union Life secures US$100m investment from IFC
The injection is expected to introduce overseas investment opportunities to help diversify its portfolio.
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- April 18 2017
Anbang’s US$1.6bn Fidelity deal collapses
The Chinese insurer has failed to secure the required regulatory approvals to acquire Fidelity & Guaranty Life.
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- April 12 2017
Growing crackdown in China insurance industry
Analysts expect more regulatory scrutiny after an investigation on the country’s insurance watchdog head.
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- April 10 2017
Old Mutual to sell 50% stake in China unit
The Anglo-South African financial group will offload its stake in joint venture Guodian.
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- April 7 2017
Dai-ichi Life seeks higher market share in South-East Asia
The Japanese insurer has been aggressively pursuing business opportunities in the region.
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- April 6 2017
Scor Global Life wins approval for Japan branch
The opening of the branch is part of a strategic plan to expand and deepen its franchise.
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- April 6 2017
Vietnam simplifies approval of life products
A new regulation means life insurance companies will find it quicker and easier to get product approvals.
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- April 5 2017
Nippon Life bullish on Australian foray
Japan's biggest life insurance company has high hopes for its investment in MLC Life Insurance.
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- March 31 2017
Manulife names Asia head as global president
Roy Gori, the former Citi banker who joined the Canadian insurer just two years ago, has been appointed global president.
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- March 29 2017
Japanese life insurers likely to cut premiums next year
With longer life expectancy in Japan, life insurers in the country are expected to reduce premiums by 5–10% beginning 2018.
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- March 27 2017
China Life profit declines 45% in 2016
Chairman Yang Mingsheng said the performance was due to a decline in gross investment income.
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- March 27 2017
Chubb appoints Hong Kong life head
Michael Ho joins from Prudential as head of life insurance division Chubb Life in Hong Kong.
