Line of business: Life Page 52 / 53
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- June 2 2015
Sales of investment-linked assurance products fall 42% in Q1
Sales plunge dramatically after Hong Kong regulators tightened rules in January.
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- June 1 2015
Insurance penetration in the Philippines at 1.2%
Findings taken from a survey commissioned by Sun Life of Canada (Philippines).
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- May 30 2015
EastWest Bank and Ageas form Philippines joint venture
EastWest Ageas Life, a US$65m life insurance firm set to build bancassurance business in the Philippines.
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- May 30 2015
China Life Insurance elects new chairman of the board
Yang Mingsheng election comes a week after he was also elected as an executive director of the company.
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- May 27 2015
Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site
Taiwanese life giant plans to buy as much as US$3bn of overseas properties.
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- May 25 2015
South Korea’s Mirae Asset Life eyes US$460m in IPO
Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.
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- May 25 2015
Greenstone targets US$984m in Australia IPO
Australian life Insurance distributor plans a 16 June listing.
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- May 19 2015
Accident insurance targets Japan’s aging population
Accident insurance products offered specifically for people aged 65 or over.
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- May 18 2015
Insurance acquisition will not weaken CTBC Financial’s credit profile
CTBC Financial’s outlook remains stable after announcement to acquire Taiwan life Insurance Co.
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- May 18 2015
Assets of Pakistan’s private-sector life companies up 35.8%
Jubilee Life Insurance also ranked as the top Life Insurer.
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- May 14 2015
CTBC Financial acquires Taiwan Life in US$1bn stock swap deal
CTBC Financial to swap 1.44 common shares in exchange for one Taiwan Life common share.
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- May 14 2015
1 in 4 customers in India unlikely to renew with same provider
Up to 60% insurance customers are truly loyal to their insurance providers, according to report.
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- May 13 2015
Malaysia’s AIA names first woman CEO
Anusha Thavarajah to be named as new CEO, taking over from Bill Lisle.
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- May 12 2015
Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank
Both parties pledge to develop strategic cooperation between Vietnam's banking and insurance sectors.
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- May 12 2015
India’s insurance employees’ union oppose hike in FDI
Increase would mean handing over the hard earned savings of the people to foreign capital, says AIIEA.
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- May 11 2015
Bank Rakyat Indonesia seeks life insurance partner
Plans to set up an insurance unit in which it will hold a majority stake.
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- May 9 2015
Singapore’s life insurance business edges down in Q1
Surge in single-premium products attributed.
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- May 7 2015
Malaysia’s first Internet insurance platform launched
Company is confident that the online insurance platform will help increase the life insurance penetration rate in Malaysia.
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- May 7 2015
China encourages citizens to buy private health insurance
State Council offers tax reductions for premium payments of less than Rmb2,400 (US$392) per year.
