Subject: Regulatory Page 73 / 92
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- August 29 2016
Taiwanese insurer ordered to pay premiums
Taiwan’s Nan Shan Life risks paying penalties if it does not contribute to its agents’ health insurance coverage.
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- August 26 2016
China cracks down on short-term policies
CIRC is identifying measures to suppress policies that compete with wealth management products.
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- August 26 2016
Korean insurers’ RBC ratio continues to rise
Under local regulations, insurance companies are required to maintain risk-based capital ratios above 100%.
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- August 25 2016
Anbang’s Hong Kong insurance unit to go public
The Chinese insurer has reportedly invited investment banks to pitch for roles on the IPO of its life insurance business.
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- August 25 2016
Asian regulatory changes to boost reinsurance appetite
Regulatory measures put in place in the Asian markets could usher in a greater demand for reinsurance, according to Fitch.
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- August 23 2016
Singapore to improve ElderShield
The enhancement will complete the strengthening of Singapore’s social safety net during the past decade.
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- August 23 2016
Malaysia’s employment insurance needs more study
More research is needed before the scheme can be implemented across the country.
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- August 22 2016
India pushes outsourcing norms for insurers
Activities such as medical examination, claims investigation and recovery may be outsourced under the new proposal.
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- August 22 2016
Chubb names new Singapore head
Adam Clifford becomes country president for general insurance in Singapore, subject to regulatory approval.
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- August 19 2016
Japanese life firms want independent oversight
Key players in the industry are urging corporate Japan to strengthen oversight by outside investors.
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- August 18 2016
Philippines to develop new mortality table
The regulator will develop an updated table consistent with current underwriting and marketing practice.
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- August 18 2016
Chinese insurers urged to list on OTC stock market
CIRC is promoting a new national over-the-counter market to exchange equity shares in non-public firms.
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- August 17 2016
China Life to issue second hybrid security
The mainland life insurer's second US dollar subordinated bond could come as early as next month.
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- August 17 2016
Price war looms after Malaysian tariff liberalisation
Increased competition means only well-capitalised companies are expected to withstand the heat.
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- August 15 2016
New rules in licensing Philippine HMOs due soon
The new guidelines will be out by the end of August, according to the Insurance Commission.
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- August 15 2016
India pushes for insurers’ mandatory listing
Insurers that have been in business for eight years may have to list publicly under new plans.
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- August 11 2016
Philippine insurance adjustment open for foreigners
The lifting of a foreign investment ban is seen as a way to encourage competition and best practices.
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- August 9 2016
Three new firms join domestic competition in China
Fosun United Health Insurance, Hetai and Aizin Life have been given the green light to launch.
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- August 9 2016
Malaysia market set for a major facelift
Bank Negara says the industry is set for its most significant transformation since the early 1990s.
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- August 5 2016
Philippines court upholds liquidation ruling on Prudentialife
The company will have to continue paying claims to policyholders, four years after it was put into receivership.
