Subject: Risk Based Capital Page 4 / 5
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- May 19 2017
Korea urges firms to calculate contract liabilities from 2021
The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.
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- May 19 2017
Foresea Life keeps afloat amid Beijing crackdown
Company states normal operations and stable cash flow.
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- April 26 2017
Korean life insurers face IFRS 17 challenge
However, its implementation will promote structural improvement and value creation over time.
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- April 4 2017
HSBC Insurance gets Tier-1 status in Singapore
The company joins a group of insurers whose total assets are at least US$3.6b.
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- March 2 2017
Global insurance regulators discussing new risk-based rules
The group is already finalising broad capital buffers for insurers based on the size and complexity of companies.
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- January 19 2017
Philippine insurers given capital requirement deadline
Regulators have given insurance companies until April this year to meet the minimum capital target.
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- January 4 2017
Chinese insurers face tighter profit margins this year
Analysts warn that low interest rates and increased regulation will further weaken investment returns.
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- December 7 2016
KPMG adds three actuarial partners in Hong Kong
Paul Melody and Marco Warmelink join from Willis Towers Watson, while Michael van Vuuren joins from EY in London.
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- November 18 2016
Korean authorities brace for new accounting rule
The International Accounting Standards Board is setting a schedule for the introduction of IFRS 4 Phase II.
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- November 17 2016
Thailand drafting second phase of RBC framework
Changes lie ahead as the country's regulator prepares for a new risk-based capital framework.
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- November 2 2016
India requires reinsurance applicants to bring in capital
IRDA moves closer to final approval with a capital request of Rs5 billion (US$75 million) each.
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- October 25 2016
China Oceanwide to acquire US insurer Genworth
The US$2.7 billion cash deal will help Genworth manage its debt and boost its insurance operations.
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- October 24 2016
Korean insurers urged to improve risk controls
With global uncertainties such as protracted low interest rates, new measures are needed.
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- October 20 2016
Foreign reinsurers likely to get R2 approval in India this month
An R2 or second-phase approval looks imminent for foreign reinsurance firms seeking a branch licence in India.
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- October 19 2016
Indonesia’s Bumiputera on the hunt for buyers
The company is nearing the end of a long restructuring process aimed at meeting its growing obligations.
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- September 23 2016
Chinese life firms see dip in solvency ratios
China’s new risk-based capital rules have led to a declining solvency trend, according to Moody’s.
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- August 31 2016
HMOs want to renegotiate Philippines guidelines
An industry group says the new requirements are too stiff given that this is the first time they are being imposed.
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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 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 4 2016
Capital requirement for Philippine insurers to double
All existing insurers will have to increase their minimum capital to Ps550 million by the end of 2016.
