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...

Chinese Insurers Told To Strengthen Disclosure

The China Insurance Regulatory Commission (CIRC), China's industry regulator, has ordered insurance firms in the country to strengthen disclosure on transactions. In a notice posted...

Vietnamese Insurers Eye Strong Year

Hopes are high for Vietnamese insurers to post yet another stellar performance this year following a strong showing in 2015. The industry’s premium income last...

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...
Fitch Ratings

Solvency II Will Drive Increased Demand for Reinsurance – Fitch

Solvency II (S2) will increase demand for reinsurance products as under the new regulatory regime insurers can strengthen their capital position through risk transfer,...
Marc Blottiere

New Regional Chief Operating Officer Marc Blottiere Joins AXA Asia

Marc Blottiere has commenced his role as Regional Chief Operating Officer of AXA Asia as of June 1, reporting directly to Jean-Louis Laurent Josi,...
Kyobo Life

Kyobo Life Joins Initial Bid for ING Life Korea

Kyobo Life Insurance, one of the big three life insurance companies in South Korea, has joined in the preliminary race to acquire ING Life...
Ergo Group

Ergo Acquires Stake in Thai Insurer

The ERGO Group is entering the insurance market in Thailand by acquiring a minority share of 40.26 percent of Thaisri Insurance from Pailuck Company...