Asia
Taiwan regulator lambasts fickleness of foreign insurers
Taiwan's Financial Supervisory Commission has criticised foreign insurers for exiting the market at the first sign of trouble, and urged them to honour their commitments in Taiwan.
IRDA will pave way for Lloyd's to enter India
India's government is planning to push through the insurance reforms bill that is set to retain the foreign direct investment cap in the sector at 26%, but will allow "modifications" to enable Lloyd's of London to enter the Indian market.
Cyber risk rising in Asia
Cyber crime is on the rise in Asia, with small businesses particularly at risk, according to a recent Marsh report.
Redomiciling still an option for dissatisfied Prudential
Prudential may still relocate outside the European Union as its lobbying campaign to alter Solvency II rules has failed to make a breakthrough thus far, according to Reuters.
Insurance Insight - Fueling growth
Recent deals struck in Asia by the likes of Axa, QBE and Catlin, looking to expand their footprints in the region, have highlighted the insurance industry's growing activity in the continent, and so, we take a closer look at the markets here and ask what…
Anglo-Arab launches war and terrorism travel cover
Anglo-Arab Insurance Brokers launched the first online global travel plan to include war and terrorism cover as standard at the Arab Travel Markets Conference in Dubai on 30 April.
FSA fines Mitsui Sumitomo for corporate governance failings
The Financial Services Authority has fined Mitsui Sumitomo Insurance Company £3,345,000 for serious corporate governance failings, and imposed a ban and fine of £119,303 on its former executive chairman, Yohichi Kumagai.
China publishes draft proposals on agricultural insurance
China has issued draft proposals for regulating agricultural insurance to solicit public opinion on the measures designed to promote the sound development of the farming sector, according to a circular published by the Legislative Affairs Office of the…
Buffett targets Asia for reinsurance expansion
Warren Buffett, chairman of Berkshire Hathaway, is aiming to pursue more opportunities in Asia after boosting reinsurance sales in the region.
Miller hires Asian reinsurance specialist
UK broker Miller has enhanced its North Asia reinsurance broking capabilities with the appointment of Gao Zu Biao, who will be based in its Hong Kong office.
DLA Piper appoints Asian specialist Chen
DLA Piper has appointed Paul Chen as a partner in its corporate and securities practice.
China Life sells accident policies via convenience stores
The Shanghai branch of China Life Insurance will sell accident insurance through Shanghai Nonggongshang convenience stores Kedi and Alldays.
Countdown to ISA: Q&A with KPMG's Martin Noble
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Martin Noble about his views on the Asian insurance market.
Iran sanctions may force India and Greece to find alternative oil suppliers
The repercussions from US and EU sanctions on Iranian crude oil are being felt far beyond the Islamic Republic, according to a report by Exclusive Analysis.
Insurance the micro way
Much of the world's population has now moved out of extreme poverty and into the lower middle class. Francesca Nyman examines whether there is a market for micro-insurance in this demographic.
'Benign catastrophe experience' helps Swiss Re to $1.1bn profit
Swiss Re reported first-quarter net income of $1.1bn for 2012, compared with a $665m loss in the prior year period.
RSA expects sub 95% COR for 2012 after Q1 results
RSA recorded a 5% increase in net written premiums to £2.2bn for the first quarter, prompting group CEO Simon Lee to predict a full year combined operating ratio below 95%.
Nepalese regulator wants zero depreciation motor cover
The Nepal Insurance Board wants motor insurers to introduce policies with zero depreciation cover, but critics fear the high premiums would put the product beyond the reach of most Nepalese.
Miller hires North Asia reinsurance specialist
Miller has enhanced its North Asia reinsurance broking capabilities by appointing Gao Zu Biao who will be based in its Hong Kong office.
Asia must invest in urban disaster risk management
Industry insiders at a seminar convened by the Asian Development Bank have called for Asian countries to increase investment in urban disaster risk management.
Redomiciling: London calling as tax changes make the UK more attractive
Will a reduction in corporation tax and changes to the Controlled Foreign Companies regime make the UK a more attractive place to domicile?
Clyde & Co promotes nine to partnership in Middle East and Asia
Insurance specialist Clyde & Co has promoted nine lawyers to partnership in the Middle East & Asia.
Marsh & McLennan revenue grows 6% in Q1
Marsh & McLennan Group outstripped analyst estimates to make consolidated revenue of $3.1 bn in the first quarter, a 6% increase on the first quarter of 2011.
AAOIFI plans reform of takaful standards
Khaled Al Fakih, the new secretary-general of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions, outlined plans for a sweeping review of its guidelines in an interview with Reuters.