Asia
Yang Minsheng appointed chairman of China Life
China Life Insurance Group appointed Yang Mingsheng as chairman and executive director at its annual general meeting yesterday.
China banishes red tape for qualified foreign investors
China will work to speed up approvals of qualified foreign institutional investors looking to buy into its domestic securities, as part of reforms to add depth to the country's capital markets, Bloomberg News reported yesterday.
Countdown to ISA: Is the renminbi the new dollar?
As the valuation of the Chinese renminbi has an impact on the global currency markets, Andrew Leung looks at Chinese monetary policy and the Global Reserve Currency System in a global context.
South Korea uncovers major health insurance scam
South Korea's financial regulators have uncovered the country's biggest insurance fraud, involving more than 1,300 people and three hospitals, the China Post reports.
Q&A with RSA's Phil Bulgin
Despite media coverage of Asia's restrictive and sometimes protectionist regulatory regimes, the markets remain appealing to foreign insurers. Philip Bulgin, RSA's head of mergers and acquisitions in emerging markets, spoke to Francesca Nyman about Asian…
Malaysian employers must insure foreign workers
Malaysia's government has promised to take a hard line on employers that flout rules on insuring foreign workers.
China is world's worst for flood risk
China has been ranked as the world's top flood risk zone in a report by Swiss Re, ahead of fellow emerging economies Brazil, Rusia and India, The Taipei Times reported.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
Fitch backs Lloyd's emerging markets expansion
The Lloyd's insurance market's planned expansion into emerging markets is a net positive, despite the additional risk carried by writing business outside established markets, Fitch said today.
AIG to divest shares in AIA in September
American International Group will sell its shares in Asian insurer AIA Group after a lock-up period expires in early September, Reuters has reported.
Chinese insurers can invest in unsecured bonds
China has issued rules permitting insurers to invest in higher risk debt as authorities seeks to expand the country's bond market.
MGA Dual continues to expand in Asia with Singapore branch
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
Ascot Asia takes on RSA boss as head of property
Ascot Underwriting has appointed Jon Gilliott, RSA Singapore's head of property, reinsurance and speciality, as head of underwriting for its Asian operation.
Q1 claims fall in Cambodia after industrial safety improvements
Claims lodged with Cambodia's six largest insurers declined by more than 90% in the first quarter of 2012, according to Cambodian daily The Phnom Penh Post.
Turkey cracks down on homeowners without quake insurance
Turkey is tightening the rules for mandatory earthquake insurance, making the government decree a law and limiting services to homeowners without protection, according to Hurriyet Daily News.
Japan and South Korea petition EU for Iran sanctions exemption
South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.
Competition with caveats for Burma's insurance sector
The beginnings of competition are to be seen in Burma's insurance industry, as private companies are allowed to offer insurance products for the first time.
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
FDI raise postponed as government fails to win over doubters
The long awaited decision on India’s foreign direct investment cap has been deferred by the cabinet and may not be revisited until after the 2014 elections.
Downward pressure poll
Is the market already seeing demand affected by downward pressure on disposable incomes?
Ace launches mapping tool for catastrophe and supply chain exposures
Ace and Willis Re Analytics have launched the Ace Cat Web platform to help companies evaluate their catastrophe exposures, as well as those of their suppliers and customers.
Countdown to ISA: Q&A with RSA's Chris Colahan
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Chris Colahan about his views on the Asian insurance market.
Japan's government considers insurance for Iran crude tankers
Japan's government may insure tankers unable to get cover for shipments of Iranian oil due to European Union sanctions, according to the International Oil Daily.