Subject: Regulatory Page 52 / 94
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- March 1 2018
Allianz gets regulatory nod for sale of Taiwan portfolio
The insurer hopes to sell more than 78,000 life policies to Taipei-based China Life Insurance.
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- February 28 2018
Anbang says it supports government’s takeover
A spokesman has said that the insurer back CIRC’s move to take control of the company for one year.
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- February 28 2018
Paytm seeks insurance licence
The online payments company is set to file an application to operate as a life and general insurer.
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- February 28 2018
Malaysia’s general insurance, takaful to stay flat in 2018
Competitive pressures, tariff liberalisation and weak consumer sentiment are all affecting the industry.
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- February 27 2018
Three Chinese insurers sanctioned for foreign investment breaches
China Re Asset Management, China Life and Ping An Insurance violated regulations on investable countries.
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- February 26 2018
Chinese government takes over Anbang Insurance
The state is taking temporary control of the insurer and prosecuting its founder over allegations of fraud.
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- February 23 2018
China mulls share ownership limit
CIRC is planning several new measures to limit the ownership of single shareholders in insurers.
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- February 23 2018
Indian insurers enjoy big sales hike
Premiums surged 14% year-on-year to US$64b, according to the latest data from Irdai.
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- February 20 2018
Myanmar opens doors to three foreign insurers
Local players are strongly opposed to liberalisation but the government is driving reform nevertheless.
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- February 20 2018
China’s public insurance adjusters to see more scrutiny
CIRC has said public insurance regulators should be organised as either partnerships or corporations.
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- February 19 2018
Khazanah unit to sell its Turkish insurance business
The Malaysian sovereign wealth fund is seeking to dispose of Istanbul-based Acibadem Sigorta.
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- February 19 2018
China’s Rongfeng asked to justify plan to buy stake in Greek insurer
Doubts emerge it may not have the capacity to engage in the deal with Ethniki Hellenic General Insurance
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- February 14 2018
Rising demand for IPO legal insurance in Hong Kong
New stock market listing rules are set to boost sales for legal insurance to cover liabilities from initial public offerings.
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- February 14 2018
Chinese regulator puts cap on insurers’ overseas financing
The China Insurance Regulatory Commission has limited foreign borrowing to 20% of an insurer's net assets.
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- February 13 2018
India market to reach US$280bn by 2020
Vice-president Venkaiah Naidu cited the country's rosy economic prospects as a driver for the insurance industry.
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- February 12 2018
China, India priority markets for UK insurers after Brexit
The Association of British Insurers has said the two nations will be key targets after departure from the EU in 2019.
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- February 9 2018
Korean insurers post higher profits in 2017
The improvement is driven by hefty gains on investment coupled with a rise in interest rates.
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- February 8 2018
Genworth, China Oceanwide refile acquisition plan
The company is seeking financing as it aims to address maturing debt of about US$600 million.
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- February 5 2018
Allianz to acquire Sri Lanka’s Janashakthi Insurance
The German insurer will have a market share of approximately 20% after the US$107m acquisition.
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- February 5 2018
India unveils three-way merger of state-owned insurers
National Insurance, United India Insurance and Oriental Insurance are set to merge to form a single entity.
