Asia
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
SunGard launches policy administration system for Apac insurers
SunGard has launched Compass Asia, an integrated policy administration system in response to increased focus on operational efficiency across the region.
Chan promoted at Nova Risk Services
Nova's CEO Patrick Chan will run the mainland operations of China in addition to Hong Kong and Macau.
Marsh appoints Kanak as senior adviser in Asia
Marsh has appointed experienced Asian veteran Don Kanak as senior adviser to the CEO's Asia-Pacific office.
Government panel recommends unified Indian regulator
An Indian government panel wants a unified financial regulator.
New risks threaten emerging market progress
Despite resilient growth, estimated at 5.1% in 2013, and improved sovereign and external fundamentals, emerging country risks have not disappeared altogether, according to Coface.
Raffles launches expat health plans
Raffles Health Insurance, a wholly-owned subsidiary of Raffles Medical Group, has launched two international health insurance plans targeting businesses in Asia Pacific. region.
India's banks may need subsidiaries to sell insurance
Banks in India might need to set-up subsidiaries to sell insurance according to a source at the Insurance Regulatory Development Authority.
Indian insurers allowed to make alternative investments
The Indian regulator has ruled that insurers can broaden their allocation of assets into alternative investment funds.
Property premiums grow 16% in China
China's insurance market grew 3.5% in January and February spurred by growth in property insurance.
Insurance Insight Q+A: Ace's Edward Ler
Ace's Edward Ler speaks to Insurance Insight about the growth of personal lines and small business insurance in Asia Pacific.
India set for strike over premium hike
Transport association in India unhappy over a rise in third party insurance premiums.
Bangladesh insurer attracts foreign direct investment
The International Finance Corporation has bought a 10% stake in Bangladesh insurer Green Delta after the government opened up the market to foreign investors.
Aviva's profits in Singapore grow 27%
Aviva Singapore saw growth in premiums and profits in 2012.
Major cyber attack suspected in South Korea
Computers at three South Korean national broadcasters and two banks were affected this afternoon as some accuse North Korea of dirty tricks.
Asia-Pacific premiums to double by 2020, says Munich Re
Munich Re's Economic Research Department estimates that nearly half of the $2.8trn of additional premiums to be generated by 2020 across the world will be from the Asia-Pacific region.
Indonesia "most exciting market" in South East Asia
Indonesia is the most exciting growth market for insurance in South East Asia, although Vietnam also has significant potential, market insiders said today.
Regulatory convergence not necessarily 'better' for insurance industry
Attempts to harmonise global insurance regulations are “more aspirational than realistic”, according to DLA Piper’s Bill Marcoux.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Middle East enters 'new order' after Arab Spring
Political risk across 13 countries has eased in the post-Arab Spring world according to Aon’s annual political risk map.
Ease of doing business in Asia remains strong, says Aon
Aon has partnered with research firm Roubini Global Economics to capture political risk exposures and is bullish about the risks of doing business in Asia.
Indian regulator reviews broker regulations
The Insurance Regulatory and Development Authority, India's insurance regulator, has formed a committee to review insurance broker regulations.
Hong Kong GI underwriting profit fell 36% in 2012
Last year the general insurance market in Hong Kong recorded a 13% growth in premiums over 2011, but a 36% fall in underwriting profitability.
50% growth in M&A transactional insurance in Asia, says Marsh
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh