New Insurance Accounting Standard Brings Greater Comparability for Investors, Analysts – KPMG
The new insurance contracts accounting standard (IFRS 17) published today by the International Accounting Standards Board (IASB) brings greater comparability for investors and analysts,...
BRIEF: AIA Announces Successful Pricing of USD500m Senior Notes
HONG KONG – AIA Group Limited (AIA) announced today that it has successfully priced an offering of US$500 million senior unsecured fixed rate notes...
Prudence Foundation Completes Housebuild Project in Bantayan Island
CEBU, PHILIPPINES – Almost four years after super typhoon Yolanda (international name: Haiyan) ravaged Central Visayas, Prudence Foundation – the community investment arm of...
SCOR Global Life Gets Japan Branch Office Approval
The Financial Services Agency of Japan (FSA) has granted SCOR Global Life SE approval to open a branch office in Tokyo as of April...
Chinese Insurance Firms Post 31% Growth in Premium Income
Chinese insurance companies' premium income rose 31 percent in the first two months of this year to reach Rmb1.19 trillion (about US$173 billion), according...
Stock Trading Operations of Evergrande Life Restricted
China’s insurance regulator, China Insurance Regulatory Commission (CIRC), has restricted the stock trading operations of Evergrande Life as part of punishment due to the...
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...
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...
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 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 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 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...
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...
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...
