Tags Insurance news

Tag: insurance news

BPJS Indonesia

Foreign Workers in Indonesia Ordered to Sign Up for State Insurance

The Indonesian government has ordered all companies in the country that are employing foreigners to have their workers covered by state insurance program. Manpower Minister...
IAG

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...
Allianz SE

Allianz SE Buys 51% of PNB Life in the Philippines

PHILIPPINES - Allianz SE, a European financial services company that offers products and solutions in insurance and asset management, has purchased 51% of PNB...

This Asian Country Has World’s Highest Insurance Penetration

This Asian country has been identified as the world's top when it comes to insurance penetration, even surpassing the United States and Japan, two...

AIA Launches Second Phase of Asia’s First-of-its-kind Accelerator Programme

HONG KONG – AIA Group Limited (AIA) today launched AIA Accelerator 2.0, its second 12-week programme to support innovative businesses in the healthcare arena...

EY Names Rohan Sachdev as Global Insurance Emerging Markets Head

Global accounting firm Ernst & Young has announced the appointment of Rohan Sachdev as its global insurance emerging markets leader. With his new role, Sachdev...

China’s Anbang Insurance Completes Acquisition of Delta Lloyd Bank Belgium

Chinese insurance firm Anbang Insurance Group and Delta Lloyd Bank Belgium have announced in a statement that Anbang's acquisition of the Belgian bank has...

AXA Setting Up Units in Singapore, Shanghai and Hong Kong

AXA Group, one of the world's leading insurance and financial groups, is setting up three units across Asia as part of its efforts to...

Insurance Briefs: Shanghai Insurance Exchange To Get Approval, Nippon Life To Acquire NAB’s Insurance...

China's Shanghai Securities News has reported that the Shanghai Insurance Exchange, which has been planned since 2011, could finally get approval from the China...

Australia’s Honan Insurance Acquires Singapore’s MACS Insurance Brokers

SINGAPORE – Honan Insurance Group, an Australian based insurance and financial services broker with a strong presence in the Asia Pacific region, has acquired...

Hanwha Life of Korea To Double Number Of Financial Consultants in Indonesia

JAKARTA, INDONESIA – South Korea’s first life insurance company, Hanwha Life Insurance, is seeking to hire 650 new financial consultants in Indonesia within this...

A.M. Best Affirms Ratings of First Insurance Company

LONDON - A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb" of First Insurance Company...

Global Takaful Sector to Reach USD20 Billion by 2017 – A.M. Best

The significant premium growth in the global takaful sector is expected to continue and reach USD 20 billion by 2017, with the majority of...

Jack Howell Named Generali’s New Asia Manager

Italian insurance Assicurazioni Generali has appointed Jack Howell as its new regional officer of Asia, further boosting the Italian insurance group's international management team. Howell...

Life insurers in Taiwan among most exposed to interest rate risk

Life insurers in Taiwan have been considered as among the most exposed to interest rate risk in the world, joining the ranks of life...

Taiwan’s TransGloba Life Insurance Names Ma Junshuou as new CEO

Ma Junshuou has been named the new CEO of TransGlobe Life Insurance (TLI), the seventh largest insurer in Taiwan that provides life insurance products...

Allianz is Lead Insurer of Germanwings Plane

Allianz SE, a German multinational financial services company that focuses on insurance, said it is ready to support Germanwings as fully and as quickly...

Taiwan Will No Longer Bail Out Troubled Insurance Firms

Taiwan’s Financial Supervisory Commission (FSC) announced that it will no longer bail out troubled insurance companies in the country after it has spent millions...

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...