Subject: Regulatory Page 47 / 92
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- May 7 2018
Three Singapore insurers fined for data breach
Aviva, NTUC Income Insurance Cooperative and AIG were fined for alleged inadvertent disclosures.
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- May 4 2018
India appoints outsider to lead Irdai
Subhash Chandra Khuntia is a lifelong bureaucrat and former chief secretary of Karnataka state.
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- May 4 2018
Korea sets up committee for insurance, banking licences
The FSC is also considering lowering capital requirements for financial businesses.
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- May 4 2018
Non-life market in China faces tough conditions
The outlook is negative, but market conditions are expected to get better in the near term.
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- May 4 2018
Chinese solvency ratios improving amid crackdown
The recent campaign to strengthen regulations in China is beginning to show benefits, says Moody's.
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- May 3 2018
India names new regulatory head
Subhash Chandra Khuntia will be the new chairman for the Insurance Regulatory and Development Authority of India.
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- May 3 2018
Korean insurers overseas losses decrease
Overseas branches reported a combined net loss of US$23.2m in 2017, compared with $70.3m in 2016.
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- May 3 2018
Pru Life signs Philippines bancassurance deal
Regulators have given the green light for the proposed bancassurance tie-up with Robinsons Bank.
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- May 1 2018
Willis to benefit from Chinese licence
It is the first wholly foreign-owned broker to be able to operate like an equivalent Chinese firm.
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- April 30 2018
Zurich discussing US$100m IPO of Malaysian life unit
The Swiss insurer may opt to comply with 30% local ownership rule through an initial public offering.
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- April 26 2018
India starts merger process of three state insurers
The proposed merger has been set in motion, though the government has yet to lay out a roadmap.
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- April 26 2018
Majority of Japanese health insurance societies loss-making
Of the 1,389 health insurance societies, more than 60% are expected to end the fiscal year in the red.
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- April 24 2018
Chinese regulator steps up fight against financial risk
All potential violations are being aggressively targeted, according to the new banking and insurance regulator.
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- April 24 2018
Malaysia’s KWAP set to close insurance acquisition
The retirement fund's chief executive said the fund is currently talking with two foreign insurers.
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- April 23 2018
Talanx to up stake in PetroVietnam Insurance
A unit of the German company plans to raise its ownership in the state-owned insurer to at least 49%.
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- April 23 2018
Korean insurers face weakening financial health
A rise in interest rates and dividend payouts took its toll on available capital in the fourth quarter of last year.
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- April 20 2018
Malaysia first
Foreign insurers have until the end of June to cut their ownership to 70%, but local buyers are scarce.
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- April 19 2018
India’s insurance regulator may have new chief in May
Life Insurance Corporation's VK Sharma and New India Assurance's G Srinivasan seen as top contenders.
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- April 18 2018
JD.com to buy one-third of Allianz China General Insurance
The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.
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- April 17 2018
No alternatives, Malaysia tells foreign insurers
They will have to fulfil their commitment to sell 30% of their operations to local shareholders by June 30.
