Tags Insurance

Tag: Insurance

Cigna Hong Kong Launches HealthSecure Protection Booster

HONG KONG -- Cigna Worldwide General Insurance Company Limited ("Cigna Hong Kong") has launched "Cigna HealthSecure Protection Booster", a new product that offers critical...

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...
gobear

GoBear Launches in Vietnam

GoBear, Asia’s first and only comprehensive and transparent metasearch engine for insurance and banking products is now available in Vietnam. Vietnam is the 6th market...
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...
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...
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...
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...
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...

BDO Acquires Full Control of Generali Pilipinas

BDO Unibank Inc. (BDO), a full-service universal bank based in the Philippines, recently secured final regulatory approval that allowed it to acquire full interest...
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,...