Subject: Regulatory Page 89 / 92
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- June 2 2015
China launches commercial vehicle insurance reform
Insurance firms to receive more autonomy in setting premiums as part of the reform.
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- June 2 2015
Myanmar considers giving more licences to foreign insurers
Temporary licences already given as first step to more foreign investment.
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- June 2 2015
Sales of investment-linked assurance products fall 42% in Q1
Sales plunge dramatically after Hong Kong regulators tightened rules in January.
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- May 30 2015
M&As in global insurance sector start to recover, Swiss Re
Emerging markets, particularly Asia Pacific and Latin America, sees a pick-up in activity.
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- May 28 2015
Japan passes healthcare insurance reforms
Contribution percentages for patients aged 75 and over will be increased.
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- May 28 2015
India’s nuclear insurance pool may be launched this year
Indian government expected to put in some resources.
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- May 28 2015
Global insurance industry meeting tackles international regulation
Global regulation, its enforcement, coherence and effectiveness discussed during the 7th IIC conference.
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- May 27 2015
Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site
Taiwanese life giant plans to buy as much as US$3bn of overseas properties.
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- May 26 2015
India now requires promoter to hold 26% in insurance firm
Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.
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- May 26 2015
Japan’s earthquake insurance premiums set to rise
Premium increase to be implemented in stages by 20% to 30% on average.
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- May 25 2015
Vietnam amends social insurance law following workers’ strike
National Assembly votes to overturn a provision of the social insurance law.
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- May 21 2015
New insurance law in Vietnam creates confusion
Complex rule has prompted some 1.2 million people to opt out of medical insurance.
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- May 21 2015
Two-year master plan to drive Asean insurance industry’s growth to 7%
Universities also approached to promote the industry as a major profession of choice.
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- May 20 2015
High capital requirement awaits regional insurers in India
Draft amendment requires all new entrants to maintain a minimum capital of INR1bn (US$15.7m).
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- May 19 2015
Asia-Pacific SMEs more vulnerable to natural disasters
SMEs in the APEC region usually have no or limited disaster insurance and limited access to credit.
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- May 19 2015
Insurance industry ready to adopt tougher global rules
Reducing compliance costs and maintaining capital efficiency sought by The Geneva Association.
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- May 18 2015
India’s nuclear insurance initiative attracts foreign firms
Overseas firms showing interest to being part of the initiative.
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- May 16 2015
Indonesia launches insurance for small business loans
Move is part of the government's efforts to push the expansion of loans for small and medium businesses.
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- May 16 2015
IATA explores global default insurance scheme
Scheme is designed to indemnify IATA airline members globally.
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- May 14 2015
Economic development and new risks, raise need for protection in SE Asia
Demand for protection expected to rise as more nations sought to protect their assets and wealth.
