IAG

Fast Facts on IAG’s 2017 Catastrophe Reinsurance Program

Insurance Australia Group (IAG) has finalised its catastrophe reinsurance program for the 2017 calendar year, which provides gross reinsurance protection of up to USD7bn. Here...
Phoenix Insurance

China Insurance Brief: Israel Opposes Sale of Insurance Firms to Chinese Investors

A senior government official disclosed the opposition of Israel’s Finance Ministry on the sale of insurance companies to Chinese investors due to their hesitation...

Allianz Completes Sale of S Korean Unit to Anbang

China's Anbang Insurance Group has completed its acquisition of the South Korean life insurance unit of German-based Allianz. Allianz made the announcement eight months after...

Korea Insurance News: False Insurance Claims to Cost USD500M

Data released by the National Health Insurance Service (NHIS) showed that false and unfair insurance claims by medical providers will cost the South Korean...

Allianz Seeks License to Sell Corporation Insurance in Korea

Allianz SE is hoping to get regulatory approval to establish another business in Korea that will specialise on selling corporate insurance. According to an executive...
Insurance Commission

Philippines to Participate in 2nd Asean Insurance Summit

The Insurance Commission, together with the insurance industry players in the country, will join the insurance regulators, leaders, policymakers and practitioners from the different...
Analyze Re

Analyze Re Now Part of AIR Worldwide After Acquisition

Analyze Re, a software analytics provider for the reinsurance and insurance industries, is now part of AIR Worldwide (AIR) after being acquired by Verisk...

Asia Capital Re Opens Korea Branch Office

Asia Capital Reinsurance Group Pte. Ltd. (“Asia Capital Re”) has received the final licence approval from the Republic of Korea’s Financial Services Commission on 21 September...
Indian Insurers

Indian Insurers Scramble to Beat e-Policy Deadline

Indian insurers and repositories in India are trying to beat the 1 October deadline imposed for issuing electronic policies to customers who pay at least...
Chubb

Chubb Launches Marine Capabilities in China

Chubb, the world’s largest publicly traded property and casualty insurance company, announced the launch of its marine service capabilities in China, which include a...

Tokio Marine Expands Insurance Offerings in Vietnam

Tokio Marine Holdings intends to reinforce its presence in Vietnam with the addition of agricultural, auto and life insurance solutions. The company will be...
Insurance Commission

Philippines: Insurance Commission to Develop New Mortality Table for Life Sector

Recognizing the need to have an updated mortality table, Insurance Commissioner Emmanuel F. Dooc officially announced the conduct of the 2016 Philippine Intercompany Mortality...

Allied World Names New Malaysia Head; GoBear Launches in Cebu

Ramesh Sivanathan has been appointed as vice president for Allied World Asia-Pacific and will now act as the country manager in Malaysia, announced Allied...
Insurance Commission

Philippines: Insurance Commission Drafts Guidelines for HMO Licensing

The Insurance Commission (IC) of the Philippines is set to issue the Guidelines on the Licensing of Health Maintenance Organizations (HMOs) by the end...
Insurance Commission

Philippines: Insurance Commission To Issue New Microinsurance Regulations

Although the Philippines is now considered as a frontrunner in microinsurance, the Insurance Commission is set to issue new regulatory frameworks on microinsurance to...
Insurance Commission

SC Affirms Insurance Commission On Prudentialife Plans Liquidation

The Supreme Court (SC) of the Philippines has denied a petition for review filed by Prudentialife Plans Inc (PPI) and its planholders, assailing the...
Honan Insurance

Australia: Honan Insurance Group Appoints New Group Director

Honan Insurance Group has announced that Brad Tymmons has been appointed as new group director – broking operations, joining the business to help execute...
Insurance Commission

Philippines: Increase in Insurance Capital Requirement by End of 2016

By December 31, 2016, all existing insurance companies in the Philippines are required to increase their minimum net worth from P250 million (US$5.3 million)...

Philippine Insurance Commission to Strictly Implement Policyholders’ Bill of Rights

The Insurance Commission (IC) is ratcheting up its effort in advancing the protection of the insuring public as one of the regulator's key initiatives....

Vietnam’s Insurance Industry Investment up 500%

Vietnam’s insurance sector posted one of the highest growth rates in a decade as total investment capital from the sector to the national economy...