Subject: Regulatory Page 54 / 94
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- January 4 2018
Korea doubles number of insurance patents
The increase is credited in part to the implementation of IFRS17, which has helped to drive innovation.
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- December 22 2017
AIMA, IAMAC sign insurance collaboration agreement
Among the areas being looked at for collaboration are educational programmes and joint events.
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- December 21 2017
Taiwan insurers urged to invest more in infrastructure projects
The message is part of efforts to increase private investment in government-led projects
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- December 20 2017
AIR Worldwide partners with PICC Re
The Chinese reinsurance arm of PICC has already received regulatory approval for the partnership.
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- December 19 2017
Malaysia, Thailand sign insurance deal
Bank Negara Malaysia and Thailand’s Office of Insurance Commission have signed an MoU.
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- December 19 2017
India to revise insurance fund rules
Irdai is looking to keep up with changes in the market and the economic landscape in the country.
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- December 19 2017
Low-rated insurers to face curbs in China
Affected companies will face restrictions from the regulator, the official Xinhua news agency reports.
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- December 15 2017
Chubb makes leadership changes in Asia Pacific
John French named head of broker distribution and Jarrod Hill as country president, Australia and New Zealand.
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- December 14 2017
Philippine firms continue net income growth
A rise in underwriting and investment income helped drive the robust third-quarter performance.
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- December 14 2017
China considers revising insurance security fund rules
The move will allow the fund to provide necessary liquidity support to insurers in case of crisis.
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- December 13 2017
Outlook for Asia insurance sector stable, says Moody’s
Steady economic momentum across the economies of the region is driving demand for insurance.
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- December 13 2017
Life insurers’ new premiums up 6% in India
LIC still led the pack, but total new premium collected by all private insurers grew 32%.
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- December 7 2017
India allows PE funds to own insurance companies
Private equity funds can now own up to 10% of the paid-up equity of an insurer, says Irdai.
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- December 6 2017
Life segment leads growth in Thailand
The country's changing demographics and better personal and retirement coverage have provided opportunities.
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- December 6 2017
Taiwan Financial approved to inject new capital in insurance unit
The Taiwanese financial group has proposed adding US$330m of capital into Bank Taiwan Life Insurance.
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- December 5 2017
Nippon Life to buy 24.75% stake in TWC Group
The Japanese insurer will acquire 24.75% of the US investment firm from Carlyle for an estimated US$488m.
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- December 5 2017
Taiwan incentivises protection products
Starting next year, insurers can take advantage of a government scheme to improve the product mix.
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- December 1 2017
Chinese non-life insurers, reinsurers required to hire actuaries
The country’s 84 non-life general insurers and 12 reinsurers must have a chief actuary by January 1, 2020.
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- December 1 2017
PE funds will be allowed as promoters of Indian insurers
Irdai has approved a proposal to allow private equity funds to promote insurance companies through SPVs.
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- December 1 2017
FRS opens in Hong Kong and Malaysia
Financial Risk Solutions' two new offices are in Menara Darussalam in Kuala Lumpur and ICC in Hong Kong.
