Line of business: Life Page 44 / 54
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- February 12 2016
Singapore’s single-premium life policies rise 28% in Q4
The Life Insurance Association (LIA) Singapore attributed the growth to the policies paid for with Central Provident Fund money.
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- February 11 2016
LIAM defends strict regulation of Malaysia’s life industry
The Life Insurance Association of Malaysia issued the pronouncement in response to a letter published in The Star newspaper.
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- February 11 2016
Meiji Yasuda’s US$5bn StanCorp acquisition approved
The Japanese life insurer has reportedly won regulatory approvals in the US and Japan for its landmark acquisition.
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- February 11 2016
Bangladesh restricts Metlife from sending profits to US
IDRA has refused to issue a permit for the insurer to repatriate its profits to its headquarters in the US.
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- February 4 2016
China’s iKang acquires 45% stake in NCI Health
Under the deal, NCI and iKang will serve customers across 100 medical centres in China.
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- February 2 2016
Indonesian firms target country’s 88 million internet users
With just 2.5% insurance penetration, more companies are going online to win customers and boost premiums.
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- February 1 2016
Samsung Life buys US$1.27bn Samsung Card stake
The acquisition raises its stake in the credit card business to 71.8%, the two companies said in a disclosure.
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- January 29 2016
Thailand’s life industry to grow at least 10% this year
A government stimulus packages launched during the fourth quarter of last year will provide a boost.
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- January 28 2016
Philippines posts record premium growth in 2015
Premium income grew by 18.5%, amounting to US$4.85 billion, the Insurance Commission said.
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- January 28 2016
Chaoyang Life placed under receivership in Taiwan
The life insurer has consistently failed to meet the required capital adequacy ratio of 200%.
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- January 28 2016
Hanwha Life targeting global expansion
The Korean insurer met with global leaders at Davos to discuss its plans for overseas growth.
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- January 27 2016
China market profits up 38% in 2015
The country's insurance industry posted profits of US$43bn last year, according to CIRC.
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- January 26 2016
New rules threaten Hong Kong life insurers’ growth
More stringent underwriting rules are likely to reduce the life insurers' growth momentum, says Fitch.
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- January 25 2016
Milliman to open third South-East Asia office in KL
The office will offer employee benefits, life, non-life, and health insurance consulting services.
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- January 22 2016
China’s life market forecast to become world’s third biggest
McKinsey predicts double-digit growth during the next five years as it shifts focus to pursue value-creation.
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- January 22 2016
S&P assigns A+ rating to Metlife Hong Kong
Standard & Poor's has assigned an "A+" rating with stable outlook to MetLife Hong Kong,
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- January 21 2016
Larger Chinese life firms set for robust growth in 2016
Strong increase in sales forces and more competitive yields has set the scene for expansion.
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- January 18 2016
Smaller life firms in China worst-hit by stock sell-off
Small and medium-sized life insurers tend to have the most aggressive risk appetites, says Fitch.
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- January 18 2016
EastWest Ageas Life wins Philippines licence
Joint venture between EastWest Bank and Ageas has been approved by the Insurance Commission.
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- January 18 2016
Asia premium growth to outperform world average in 2016
Premium growth will increase despite tougher regulations and a slowing economy, says Swiss Re.
