Subject: Regulatory Page 61 / 94
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- July 28 2017
Two state-owned insurers set to apply for IPO in India
GIC and New India Assurance are expected to tender their applications for initial public offerings within three weeks.
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- July 28 2017
Mandatory insurance for doctors pushed in Singapore
The Singapore Medical Council and health ministry are lobbying for insurance that will protect physicians.
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- July 24 2017
China continues to rein in financial risks
Insurers in the country are now barred from offering credit products to companies for financing.
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- July 24 2017
Global Insurance buys out Aon in India JV
The deal for the 26% stake immediately changes the JV's brand name to Global Insurance Brokers.
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- July 18 2017
Philippine insurers promote inclusive insurance
Five domestic insurance firms have forged a coalition to promote the growth of inclusive insurance market across the Asian region.
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- July 18 2017
Indian insurers bullish on continued growth momentum
The country's general insurance industry says that 20% annual growth will be sustainable in the coming years.
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- July 18 2017
HK regulator tells insurers to embrace technology
The Insurance Authority has urged insurance companies to harness financial technology and big data analytics.
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- July 17 2017
Chinese insurers advised to divest non-core assets
An official from the the China Insurance Regulatory Commission has cautioned against a wide range of risks facing the industry.
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- July 17 2017
India’s HDFC Life shareholders push IPO plans
Standard Life is reportedly keen to move forward with the listing after the merger with Max Group's is likely to be called off.
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- July 14 2017
Irdai enforces more transparency over policy exclusions
Regulations released this week also require every insurer to display service parameters and turnaround times.
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 12 2017
SBI Life’s IPO plan gets final board approval
The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.
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- July 12 2017
China considers experienced graft-buster for top CIRC post
China is likely to name Yang Xiaochao, secretary general of the Central Commission for Discipline, to oversee the industry.
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- July 11 2017
Cambodia and Thailand sign regulatory pact
The two countries have signed an agreement that aims to bolster insurance regulation in Cambodia.
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- July 10 2017
Singapore studying ElderShield takeover proposal
The government is in a better position to administer the scheme, according to the ElderShield Review Committee.
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- July 10 2017
Philippines’ chief regulator elected to Asian Re board
Insurance commissioner Denis Funa has been named vice-chairman of the management board.
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- July 7 2017
China drafts rules on endowment insurance
CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.
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- July 6 2017
China to develop commercial pension insurance
The government will fast-track the development of the new system, according to a State Council guideline.
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- July 6 2017
Nippon Life silent on investor voting
The Japanese insurer will defy a guideline asking it to disclose its specific votes at shareholder meetings.
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- July 5 2017
Malaysia reminds foreign insurers of 70% ownership cap
Though the central bank says there are no new rules on foreign ownership in insurance companies.
