Insurance Services Network News - Asia

Severe global flooding causes widespread losses in Asia

Tue, 03 Aug 2010 11:11:37 GMT

Willis China Again Achieves Top Quality Rating

Tue, 03 Aug 2010 08:26:18 GMT

Willis Opens New Representative Office in Kazakhstan

Mon, 21 Jun 2010 12:43:07 GMT

World Cup Begins on June 11 with £6.2 billion of insurance

Mon, 07 Jun 2010 06:35:38 GMT

Lloyd’s China granted a direct licence

Wed, 19 May 2010 06:49:31 GMT

Lloyd’s Primary School receives further £50,000

Mon, 17 May 2010 08:47:35 GMT

Zurich announces senior management appointments

Fri, 14 May 2010 07:33:10 GMT

AM Best Comments on the Creation of Two New Japanese Holdings Cos

Wed, 21 Apr 2010 05:41:43 GMT

China: Strong Earthquake

Wed, 14 Apr 2010 14:40:18 GMT

Scor scores reinsurance license in China

Thu, 08 Apr 2010 08:45:14 GMT

MetLife to Acquire ALICO

Tue, 09 Mar 2010 07:23:54 GMT

A.M. Best Assigns Ratings to Starr International Insurance (Asia) Limited

Wed, 03 Feb 2010 05:49:42 GMT

FM Global Becomes an Admitted Reinsurer in Labuan (Malaysia)

Wed, 03 Feb 2010 07:59:01 GMT

Insurance Broker Invests in Seoul-based Broker

Sun, 24 Jan 2010 16:00:04 GMT

XL to Set Up Non-Life Insurer in China

Thu, 19 Nov 2009 05:00:50 GMT

Opening of Lloyd’s Primary School in China

Thu, 05 Nov 2009 07:49:33 GMT

Increasing violence ahead of Afghanistan's run-off election

Thu, 29 Oct 2009 07:28:28 GMT

ING to sell Asian Private Banking business to OCBC

Thu, 15 Oct 2009 07:08:02 GMT

Festivals in India - Travel advisory

Wed, 14 Oct 2009 11:31:52 GMT

Tihar festival in Nepal - Upcoming event

Wed, 14 Oct 2009 11:43:55 GMT

Hannover Re strengthens its presence in China

Tue, 13 Oct 2009 14:06:18 GMT

Tsunami in the South Pacific

Thu, 01 Oct 2009 14:32:35 GMT

CIRC: Ranks Aon-COFCO as Five-Star Global Broker in China

Thu, 24 Sep 2009 06:44:06 GMT

Many insurance sectors in Vietnam offer potential

Sun, 20 Sep 2009 21:42:31 GMT

Thai regulator seeks further tax breaks for insurance business

Sun, 20 Sep 2009 21:56:13 GMT

Chief Commercial Officer Joins Aon Consulting Asia Pacific

Wed, 02 Sep 2009 16:20:57 GMT

Japan: AEGON Sony Life Insurance Company Receives Final Approval to Launch Business

Thu, 27 Aug 2009 06:49:51 GMT

First Multi-Language Risk Management System Launched in China & Japan

Thu, 27 Aug 2009 06:54:30 GMT

Willis China Rated Best for Quality Service

Thu, 27 Aug 2009 14:24:04 GMT

Willis Appointed Broker for Hong Kong’s Largest-Ever Rail Project

Thu, 23 Jul 2009 07:51:12 GMT

ALICO to Seek Public Listing in NY

Wed, 15 Jul 2009 16:30:02 GMT

World insurance in 2008. Premium set to rise in 2010

Mon, 06 Jul 2009 10:21:29 GMT

CRIC Replaced by Govt Investment Arm to Oversee China Re

Tue, 30 Jun 2009 07:37:16 GMT

Bharti AXA Launches Health Cover

Tue, 30 Jun 2009 07:52:20 GMT

India: LIC Scans 200 Firms Daily for Investment

Tue, 30 Jun 2009 07:56:34 GMT

India: ICAI Mulls Sector-Specific Standards for Insurance Accounting

Tue, 30 Jun 2009 07:59:00 GMT

Brit Insurance to Open Representative Office in Tokyo

Wed, 03 Jun 2009 09:35:59 GMT

India: Private Sector Life Insurers Can Pay Bonus for 3 More Years

Tue, 30 Jun 2009 07:49:38 GMT

AIG Confirms IPO for Asian Life Business (AIA)

Tue, 19 May 2009 12:42:47 GMT

Guy Carpenter Climate Impact Center Releases 2009 Tropical Cyclone Predictions

Mon, 11 May 2009 18:13:59 GMT

AIG Sells Tokyo Prime Real Estate to Nippon Life

Sat, 16 May 2009 07:42:37 GMT

AEGON to sell Taiwanese life insurance activities

Thu, 23 Apr 2009 08:52:24 GMT

New Tax deductions to Benefit Insurers

Fri, 17 Apr 2009 15:37:11 GMT

China cuts pay of top execs

Sun, 19 Apr 2009 07:05:48 GMT

China’s 4 Largest Banks to Diversify into Insurance

Fri, 17 Apr 2009 15:34:37 GMT

AIG Completes Asset Sale of Thai Retail Bank & Credit Card Operation

Fri, 10 Apr 2009 16:47:01 GMT

Star Union Dai-Ichi Life to Invest Rs 1 billion

Sun, 29 Mar 2009 23:19:34 GMT

General Insurers Expect 10% Growth in Q4

Mon, 16 Mar 2009 09:22:08 GMT

Global Financial Market Losses Reach $50 Trillion

Wed, 11 Mar 2009 08:27:15 GMT

IRDA Allows LIC to Hold More than 10% Stake in 47 Companies

Mon, 02 Mar 2009 06:58:15 GMT

S&P: Ratings on Four AIG Life Insurance Subs in Asia Pacific Affirmed

Mon, 02 Mar 2009 14:13:51 GMT

Indian State-owned Non-Life Insurers Showing Worker’s the Door

Mon, 02 Mar 2009 15:41:56 GMT

Atrium Opens Office in Singapore

Wed, 18 Feb 2009 07:37:23 GMT

Korea's Samsung Fire & Marine Q3 net profit jumps

Mon, 09 Feb 2009 06:16:27 GMT

Liberty Mutual's Beijing Branch Opens for Business

Wed, 11 Feb 2009 06:32:53 GMT

Thai Bank to Buy AIG Retail Bank and Card Business

Fri, 06 Feb 2009 07:27:02 GMT

IRDA Sees Consolidation for Insurance Industry in 2009

Mon, 02 Feb 2009 07:41:30 GMT

New Online Insurance Venture Formed

Mon, 02 Feb 2009 07:35:28 GMT

The two partners will first establish a joint venture preparatory company to apply for an insurance business licence with the aim of starting....

IRDA Issues New Guidelines for Overseas Offices of Indian Insurers

Mon, 02 Feb 2009 07:37:59 GMT

The guidelines specify that the overseas representative office of an Indian insurer is an extended arm of the domestic firm and hence is not allowed to contract any liability....

Terrorism Boosts Insurance Industry in Pakistan

Mon, 02 Feb 2009 07:22:05 GMT

Fear and terror are compelling people to buy maximum life insurance policies.

China’s Farm Insurance More Than Doubles in 2008

Tue, 24 Feb 2009 13:41:01 GMT

Allianz to Stop Annuity Sales in Japan

Mon, 02 Feb 2009 07:32:08 GMT

High costs cited as the reason to stop.

Taiwan Life Insurers Net Worth Plunged 90% in 2008

Mon, 02 Feb 2009 07:25:08 GMT

To offset huge operating losses, major life insurers, have launched capital-increase projects once and twice since mid-2008.

China to Spend $124bn on Healthcare Reform

Tue, 24 Feb 2009 14:16:09 GMT

Insurance industry veteran joins Marsh as Hong Kong Chairman

Thu, 22 Jan 2009 09:01:30 GMT

Mr. Kwok will focus on unlocking Marsh's potential in Hong Kong, forging new relationships within the local business community and....

AIG Opens New Offices in Ha Noi

Thu, 15 Jan 2009 12:10:06 GMT

The new office has 1,500 employees and agents.

Willis Appoints CEOs for its Continental Europe and Australasia Operations

Tue, 06 Jan 2009 11:23:41 GMT

Ratings on Three Japanese Non-Life Insurers May Be Affected By Possible Merger

Mon, 05 Jan 2009 08:43:51 GMT

The three insurers have stated that there is nothing to announce at this stage....

Vietnamese Insurers Request Stricter Laws on Hospital Medical Testing

Tue, 24 Feb 2009 13:44:07 GMT

NIC relaxes norms in its universal health policy

Fri, 09 Jan 2009 15:43:08 GMT

Premium rates too have been reduced and there would be no service tax payable.

India: IRDA panel recommends shorter grace period for insurance premiums

Fri, 09 Jan 2009 15:32:24 GMT

It means life insurance policy-holders, paying monthly premium, may not get more than 15 days’ grace period to keep their....

India: IRDA move may hike motor insurance premium

Fri, 09 Jan 2009 15:25:33 GMT

The insurers are now permitted to file variations in deductibles set out in the tariffs.

Australia / India: SBI, Insurance Australia form JV for General Insurance

Fri, 09 Jan 2009 15:36:12 GMT

The proposed company is yet to approach the Insurance Regulatory and Development Authority (IRDA) for the necessary approvals.

Aon Appoints Environmental Veteran

Fri, 12 Dec 2008 13:33:53 GMT

Finnamore to Oversee Risk Management Services for Clients in Far East, Asia and Australia.

India: High cost keeps Indian ship owners to avoid ransom insurance

Fri, 09 Jan 2009 15:22:42 GMT

Piracy in the Gulf of Aden could increase insurance and transport costs by $400 million....

Sri Lanka: Union Assurance registers good results in first nine months

Fri, 09 Jan 2009 15:18:03 GMT

General and life insurance premiums increased by 16% from Rs. 3.6 billion as at September 2007 to Rs. 4.2 billion as at September 2008.

S&P: Earnings at Major Japanese Life Insurers Pressured In 1H FY2008

Wed, 10 Dec 2008 09:42:39 GMT

Reduced investment income and stagnant sales of new policies have led to a decline in the companies' profitability, while a fall in domestic stock prices has reduced....

Emerging Markets in Asia to show resilience in 2009

Thu, 11 Dec 2008 17:04:57 GMT

GDP growth for emerging Asia at 5.9 percent, says Allianz forecast / China and India to lead expansion / Allianz remains positive for its Asian insurance business in 2009....

India’s Wipro tool for US health insurer

Fri, 09 Jan 2009 15:40:13 GMT

The key highlights of this unique model are that it cuts down the implementation cost by 30% over....

India: SBI Life targets Rs 110 billion businesses in FY09

Fri, 09 Jan 2009 15:28:51 GMT

SBI Life Insurance has aimed to open 250 new branches in the country to expand its business this year and the company has already....

Household insurance fails to keep up with market growth

Tue, 24 Feb 2009 13:47:20 GMT

Allianz China Life Approved to Establish Shandong Branch

Tue, 25 Nov 2008 15:12:56 GMT

Allianz China Life has been granted a preliminary license by the China Insurance Regulatory Commission to set up a branch in Shandong province.

Willis China Retains Five-Star Quality Rating

Wed, 26 Nov 2008 06:29:11 GMT

China Insurance Regulatory Commission, Shanghai Assigns Willis Top Rating in Quality Review for the Second Year Running.

Asian Insurance Focus: Vietnam & Thailand

Mon, 24 Nov 2008 10:42:58 GMT

According to a latest research report from HSBC, in order to be long-term winners, life insurance companies in Asia need to diversify their income streams such that at least 25% of earnings are sourced....

S&P: Asia Capital Reinsurance Group Pte Ltd. Assigned 'A-' Rating

Thu, 20 Nov 2008 21:36:23 GMT

ACR's capitalization is strong, based on our risk-based capital analysis, and should withstand reasonable....

India: NCAP Recommends More Crop Insurance Plans

Sun, 30 Nov 2008 08:37:50 GMT

If the federal government approves certain recommendations of the NCAP, farmers may have the option to....

Willis China Launches a Single Broking Technology Platform for its Retail Offices

Tue, 18 Nov 2008 07:39:39 GMT

The newly installed eGlobal broking system is being used by the extensive network of Willis offices in China and provides a....

Allianz: Equal Opportunity is a Management Issue

Tue, 18 Nov 2008 07:56:02 GMT

For Allianz board member Clement Booth it is also about exploiting the opportunities that come with more multiplicity within an organization.

India: Kotak OM Life Launches New Products

Sun, 30 Nov 2008 08:40:24 GMT

Aon Consulting Establishes International Headquarters in Singapore

Wed, 29 Oct 2008 05:47:16 GMT

Aon Consulting announced it has earned International Headquarters (IHQ) status from the....

Asian Companies Turn to Surety Bonds to Free Up Capital

Mon, 03 Nov 2008 06:48:58 GMT

Marsh said that more businesses across Asia are freeing up much-needed capital by switching to....

India’s Life Sector First Year Premiums Show Anemic Growth in Q2

Sun, 02 Nov 2008 07:32:45 GMT

First-year premium income during April-July 2008 grew by a mere 1.6% largely on account of a drop in new sales by....

More Than 21 Million Allianz Customers in Asia Pacific

Wed, 29 Oct 2008 06:58:19 GMT

Allianz has achieved rapid agency growth in China, Indonesia and Thailand....

India: Health Insurance May Get New Law

Sun, 02 Nov 2008 07:37:59 GMT

The Indian federal government is examining various amendments to the insurance law, including a special statute for health insurance, aimed at improving the functioning of domestic....

India: LIC Negotiating with IRDA on New Equity Investment Guidelines

Sun, 02 Nov 2008 07:35:36 GMT

The Life Insurance Corporation of India is in talks with the Insurance Regulatory and Development Authority on the new guideline restricting the stake of any insurance company to....

India: IRDA Favors More Regulatory Flexibility

Fri, 31 Oct 2008 09:26:35 GMT

If the government accedes to the demand, the regulator will be able to change the regulations without having to wait for....

India: IRDA Issues Revised Investment Norms for Insurers

Wed, 15 Oct 2008 13:35:09 GMT

The definition of investments in infrastructure by the insurance companies is now aligned with current norms prescribed by the Reserve Bank of....

Sri Lanka: Sri Lanka's Ceylinco Insurance Records Impressive Figures in First Half

Wed, 15 Oct 2008 13:51:54 GMT

Sri Lanka's Ceylinco Insurance General has announced a massive growth during the second quarter, recording a mammoth premium of....

India: Slower Growth Has Affected Life Insurers

Wed, 15 Oct 2008 13:27:36 GMT

An international investment bank has lowered the valuation of ICICI Prudential Life Insurance by over 41 per cent to $9.2 billion compared with....

Vietnam: New Decree Aims to Rev Up Compulsory Motor Insurance

Tue, 04 Nov 2008 13:57:36 GMT

Deputy Director of the Finance Ministry’s Insurance Department, Pham Dinh Trong, spoke to Dau tu (Vietnam Investment Review) about the new decree regulating compulsory insurance for motor vehicles....