Line of business: Life Page 49 / 53
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- September 4 2015
Tencent to set up China’s first Internet-based life insurer
The Chinese internet giant is partnering with state-owned firm Citic Guoan on a new internet venture.
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- September 3 2015
Vietnam’s insurance market up 23% in five months
Insurance firms in Vietnam enjoyed a robust first five months of the year in total premium revenue.
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- September 2 2015
MetLife appoints Bharat Kannan to lead distribution
He will lead agency, bancassurance, employee benefits and global relationship management channels.
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- September 2 2015
Japan’s life insurers using shareholder power
More frequent opposition at shareholder meetings is aimed at improving corporate profits.
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- August 31 2015
Chinese private equity firm buys Ageas HK unit
JD Capital has struck a deal to buy Ageas’s Hong Kong life insurance unit for HK$10.7bn.
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- August 28 2015
China Life posts 71% profit rise
China Life continues to widen its footprint after bumper life insurance sales during the first half.
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- August 28 2015
India’s life sector forecast to hit up to US$400bn by 2020
MetLife has said that India's life insurance industry to grow between US$350-400bn by 2020.
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- August 27 2015
Nippon Life buying smaller rival for US$3.4bn
Japan's second-biggest life insurer is set to acquire Mitsui Life Insurance as it seeks to regain its market position.
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- August 27 2015
China Life corners 59.2% of Macau’s insurance sector
The Monetary Authority of Macau says that the city's overall life insurance market grew 72% during the first half of the year.
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- August 26 2015
ConneXionsAsia brings health and wellness marketplace to HK
The company offers a health and benefits platform that aims to shift expenditure from treatment to prevention.
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- August 24 2015
Bank of China buys majority stake in Samsung life unit
The Chinese lender has paid US$200m for a 51% stake in Samsung Air China Life Insurance.
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- August 24 2015
LIC to introduce India’s first unit-linked insurance plan
LIC has said that it plans to sell around 100,000 of the new policies within one month.
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- August 24 2015
Ping An Insurance posts 62% profit rise
First-half profits were boosted by gains from stock investments and life insurance products.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 20 2015
Philippines life industry ranks second for ASEAN preparedness
Singapore came top in Milliman's ASEAN Liberalisation Index.
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- August 20 2015
Tencent said to invest in new life insurer
China's largest internet firm is reportedly eyeing a new US$1.5bn venture.
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- August 19 2015
Chinese online insurance sales triple in first half
Sales reach more than Rmb80bn, though online still accounts for less than 5% of China's insurance premiums.
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- August 19 2015
Investment-linked plans drive take-up rate in Malaysia
Greater awareness has helped insurance protection in the country to increase 8.1% during the first half of the year.
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- August 18 2015
South Korean insurers post 30% profit rise
Rise in investment-related earnings is driving net income for local life and non-life insurance companies in Korea.
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- August 13 2015
Sumitomo to buy Symetra for US$3.8bn
Sumitomo Life has agreed to pay US$3.8bn to buy Berkshire Hathaway-backed Symetra Financial.
