China
China aiming to scrap 11m cars
In an attempt to control pollution, Chinese authorities are trying to eliminate 11m high polluting cars from the roads in the next two years.
Fitch warns on China motor profitability
Fitch Ratings believes motor insurance profitability will hamper the performance of China's general insurers in 2014.
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search
Ex-Dual director joins Zurich for Greater China role
Dual's former regional managing director of Asia Philip Chiu has been appointed as financial lines manager, Greater China at Zurich.
Interview: Gaelle Olivier, CEO, general insurance, Axa Asia
Gaelle Olivier, CEO, general insurance, Axa Asia speaks to Andrew Tjaardstra about the insurer's Asian expansion plans.
Vietnam riots cost insurers
Following an outburst of rioting in Vietnam Cathay Century Insurance has had 35 claims from customers which could cost the firm at least $3.5m.
Acquisition appeal in China warms up
Regulatory changes in China look set to make it easier for local and foreign players to expand in the world’s fourth-largest insurance market.
Over $60m of damage from rain in Guangdong
Heavy rain over the last week in the Chinese province of Guangdong has seen 15 000 claims so far.
Japanese insurers to offer mandatory motor cover in China
Tokio Marine, NKSJ Holdings and MS&AD Insurance have been approved to offer mandatory motor cover in China.
Heavy rain kills 21 and causes disruption in China, Macau and Hong Kong
Four days of heavy rain in China, Macau and Hong Kong, killed at least 21 people, flooded many areas, disrupted flights and train services.
Multiple billion dollar natural disasters in April
Tornadoes and extensive crop damage led to multiple billion dollar natural disasters in April according to catastrophe modeler Impact Forecasting.
First insurer with foreign investment sets-up in Shanghai free trade zone
Insurer Sino-US MetLife has become the first Chinese insurer with foreign investment to set-up in Shanghai's fledgling free trade zone.
Chinese regulator examines intermediary market
The China Insurance Regulatory Commission is attempting to clean up the intermediary market in the country.
China consults on cross-province internet life insurance
The China Insurance Regulatory Commission is consulting on allowing insurers to sell 'simple' life insurance products outside their provinces on the internet.
Zurich wants Shanghai branch and China acquisitions
Zurich is seeking a Shanghai branch and merger and acquisition opportunities in China.
Profitability under pressure at Chinese insurers, says Towers Watson
Softening rates, increased expenses and loss ratios will see China's insurers profitability come under increasing pressure according to Jenny Lai, consultant, property and casualty insurance, China, Towers Watson.
Consolidation expected as China relaxes M&A rules
KPMG is predicting an increase in sector consolidation following China’s decision to relax merger and acquisition rules for its insurance industry.
Fosun in HK$5.18bn refinancing
Chinese conglomerate Fosun International, which owns large stakes in several insurance companies, is planning a HK$5.18bn ($668.1m) rights issue to raise capital.
$7bn of insured natural disaster losses in Q1 2014
Insurers had to pay out $7bn in insured losses caused by natural disasters in the first quarter of the year according to catastrophe modeller Impact Forecasting.
China to allow more mergers and acquisitions
From 1 June, insurers will be able to acquire insurers operating in the same product line according to the China Insurance Regulatory Commission's website.
Guidewire secures Axa Tianping as first customer in China
Chinese motor insurer Axa Tianping (recently renamed) has selected Guidewire ClaimCenter as its new claims management system.
China's property and casualty premiums grew 17% in 2013
According to ratings agency Moody's total Chinese property and casualty premiums increased 17.2% in 2013.
Interview: David Fried, CEO, Asia-Pacific, QBE
Editor, Asia at Post Andrew Tjaardstra interviews David Fried, CEO, Asia-Pacific QBE at the Australian insurer’s new regional office in Quarry Bay, Hong Kong.
Marsh appoints Zhao as China chairman
Marsh has appointed Madam Zhao Shuxian as chairman of Marsh China. Starting this week, Zhao will be based in Beijing.