China
Earthquake strikes south China
A 4.8 magnitude earthquake in southern Guangdong province, on Friday morning (22 February), caused some disruption to Heyuan City, near the epicentre,and was felt in Hong Kong.
China targets polluting industries with mandatory insurance scheme
Heavily polluting industries in China will have to participate in a mandatory insurance program to ensure they can adequately provide compensation for damage.
China readies for first online insurer
The Chinese Insurance Regulatory Commission is set to approve the first internet only insurer which will be owned by nine shareholders including internet firm Alibaba and insurer Ping An.
China allows insurers to sell mutual funds
Chinese insurers will be allowed to sell mutual funds to the public as regulators look to increase the role of institutional investors in its capital markets.
Financing the growing costs of disasters
Reto Schnarwiler, head of global partnerships for Swiss Re, Americas and EMEA says that a lack of insurance and the growing costs of disasters are hitting individuals and governments hard. He explores how government partnerships with insurers can help…
To re-joins JLT Re to head reinsurance in China and HK
Henry To has returned to JLT Reinsurance Brokers as chairman and chief executive officer of its reinsurance operations in China and Hong Kong.
RSA releases home offering in China
In response to the growing popularity of home insurance in China, RSA’s private client insurance plan is now available through Globalsurance.
Ping An purchase already paying dividends
Share price rise is good news for the Charoen Pokphand Group, the Thai conglomerate that bought HSBC's 15.57% stake in Chinese insurer Ping An.
Lloyd's China CEO hails growth ahead of London visit
More syndicates are placing underwriters in Lloyd's China as it sees premiums rise ahead of CEO Eric Gao's London visit in January.
Hyperion agrees deal to take 55% stake in Hong Kong marine broker FP Group
Hyperion Insurance Group has agreed a deal to take a 55% stake in the Hong Kong-headquartered specialist marine broking firm, FP Group.
Hyperion agrees deal to take 55% stake in Hong Kong marine broker FP Group
Hyperion Insurance Group has agreed a deal to take a 55% stake in the Hong Kong-headquartered specialist marine broking firm, FP Group.
UK has large rise in recalls of Chinese-made products
Law firm Reynolds Porter Chamberlain has discovered that Chinese made products accounted for 78% of all UK non-food consumer goods recalls in 2012 up from 54% in 2011.
HSBC's Ping An stake sale approved by regulator
China’s regulator has approved HSBC’s sale of its 15.6% stake in Ping An Insurance to Thai billionaire Dhanin Chearavanont for $7.4bn.
Chinese regulator to rule on HSBC's Ping An stake sale
The Chinese Insurance Regulatory Commission is expected to rule on HSBC's proposed stake sale to Thai conglomerate Charoen Pokphand Group on 1 February.
China's soft landing aids other rapid growth markets
An increase in intra-regional trade, easing of monetary and fiscal policy, and higher demand for commodities will lead to an improvement in the economic outlook for the rapid-growth markets in 2013, according to Ernst & Young.
Top 5 Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
China regulator wants broader insurer investments
The China Insurance Regulatory Commission is warning of a possible cash crunch in the industry.
First captive insurer in China to launch this year
In a sign of growing sophistication in the Chinese market, Beijing-based oil and gas producer China National Petroleum and subsidiary Petro China are jointly developing a captive insurer.
China's insurance market sees 8% rise in 2012
Health and general insurance are behind an eight per cent growth in the Chinese insurance market to 1.55trn yuan ($248bn) in 2012.
To list or not to list? More Chinese insurers tipped to seek IPOs in 2013
Chinese insurers have started to raise money from equity issuance in the past two years as regulations and market appetite make the option more attractive, writes Andrew Tjaardstra.
Weather and emerging markets key 2013 risks, warns Willis
Extreme weather and a new generation of emerging markets are among a new list of risks faced by businesses over the next 12 months identified by Willis.
China solar exports insurance payouts surge in 2012
Chinese solar exporters were hit in 2012 by tariffs, poor economic conditions and fair trade investigations leading to a 161% surge in short-term insurance payouts, a total of $150m.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Agricultural insurance could rise 'three to four times' in emerging markets, says Swiss Re
Increases in agricultural production and lack of insurance cover in Asian countries is good news for the emerging market agricultural insurance sector, according to Swiss Re.