Bank of America Awards a New Contract Order to RIWI for over $650,000
RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the "Company" or "RIWI"), a global trend-tracking and prediction technology firm, announces that BofA Securities has awarded...
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...
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...
Chubb Names New Indonesia General Insurance Head
Publicly traded property and casualty insurer Chubb has named Tai-Kuan Ly as its new president director in Indonesia.
Ly will head Chubb’s general insurance operation...
Insurance News Brief: IAG Sets Up Startup Fund
Insurance Australia Group (IAG) has setup a new fund that will buy stakes in disruptive technology companies, joining major Australian firms in doing so.
Details...
Manulife Names Indren Naidoo as Indonesia CEO
Manulife Indonesia has announced the appointment of Indren S. Naidoo as the new Chief Executive Officer in Indonesia.
Based in Jakarta, Indren will be responsible for leading the...
Australia’s QBE Insurance Says Asia Pacific No Longer A Standalone Unit
Australian insurance giant QBE announced today changes to its structure, including the merging of its Asia Pacific business into its international business, which includes...
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...
Asia’s IPMI premiums forecast to increase 15.4% annually
The rise in the number of Asia's high net worth individuals, the aging population of the region's wealthy, and the growing expat population are...
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...
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...
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...
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...
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...
China Pacific Insurance Obtained The Approval of the GDR Prospectus, The First GDR Issuance...
The GDR issuance of China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as "China Pacific Insurance" or "the Company"), has attracted tremendous market...
Global Insurance Industry’s M&A Outlook
The global insurance M&A landscape, which saw steady flow of deal activity across many of the core global insurance markets throughout 2014, is expected...
China Life Insurance Sees 30% Rise in Profit
China's largest insurer, China Life Insurance Co Ltd, just got even bigger after it reported a 30% rise in annual net profit to Rmb32.2bn...
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....
China Approves New Life Insurance Firm
Chinese listed holding firm Shenghe Resources received approval for its plan to set up a new life insurance company, called Huagui Life Insurance, in...
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)...