China
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Solarif and HDI Gerling partner with LDK Solar for complete PV cover
Solar insurance and finance firm Solarif has partnered with solar photovoltaic manufacturer LDK Solar to offer customers what it claims is the first full insurance package at the system level.
EU stands firm on Iran shipping sanctions
The European Union has no intention of delaying the implementation of sanctions against ships carrying Iranian oil, and Europe could cope with any extra loss of Iranian crude exports stemming from these measures, EU Energy Commissioner Gunther Oettinger…
Chinese regulator gearing up to relax insurance investment restrictions
China's insurance regulator is close to outlining a policy which will expand and diversify insurers' investment scope, according to a report.
Burton to head Coface's Asia Pacific platform
Richard Burton has been appointed manager for Coface's Asia Pacific platform.
High Net Worth: Asia's growing wealthy and insurers gradually waking up to opportunities
The population of wealthy people in Asia is continuing to soar, creating significant opportunities for insurers offering premium products catering to their needs.
GM China boss predicts upturn in motor sales after slump
General Motors has claimed that the Chinese motor industry is poised to rebound from its worst four-month slump in 14 years.
ISA 2012: Chinese cool on Western insurance brands and MNC employment
The outlook for the Chinese insurance sector continues to be attractive, but international players are challenged on many fronts, such as limited geographical reach and restrictions over the way they conduct businesses.
ISA 2012: Panel discusses evolving nature of Asian insurance hubs and offices
The changing dynamics of the Asian markets with their European/American headquarters is blurring the status of offices across the continent as regional hubs or self-sufficient management centres, and the divide between a front office and a back office…
ISA 2012: Insurer bosses claim no foreign player has 'Pan-Asian edge'
As mature markets sink deeper into the eurozone crisis, Asia remains a bright spot for global insurers. That was the view of Johnny Chen, CEO of Zurich Financial Services, who told the audience at ISA 2012 yesterday that he remains positive in his firm's…
Confusion surrounds Goldman Sachs' commitment to $6bn Chinese insurer listing
The $6bn listing of the state-owned People's Insurance of China has taken on a new twist as bankers gear up for an increasingly taxing deal, it has been reported.
Lift protectionist regulations or lose foreign firms, China warned
A fifth of firms investing in China may shift future investment to other economies as a result of protectionist regulations, according to a survey by the European Chamber of Commerce in China.
Top 10 news stories
The top 10 stories from www.insuranceinsight.com last week.
ISA Countdown: Q&A with Ernst & Young's May Knight
As the last in our series counting down to Insurance Strategy Asia next week, Insurance Insight spoke to May Knight about her views on the Asian insurance market.
Stable outlook for Chinese P&C sector
The outlook for the Chinese property and casualty insurance industry is stable, according to the latest Moody's market update.
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.
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…
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.
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.
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.
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.
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.