The Chairman of China's insurance regulator has said that the CIRC "will never allow insurance to turn into a rich man's club, let alone allow financial crocodiles to use insurance as their channel or hideout".
New Zealand's second largest general insurer Vero has bought 11.14% of Tower Insurance at NZ$1.30 (US$0.93) a share and submitted a proposal to Tower's board to acquire the rest at the same price, according to a statement by Vero's parent company, Brisbane-headquartered Suncorp.
Leaders of the Asian insurance sector continued to throw down the gauntlet to their industry colleagues to confront head on the disruptions that are challenging their firms, and take decisive steps to stay in their game, on the second day yesterday of the 17th Asia CEO Insurance Summit.
The total damage suffered by all 124 firms as a result of the forced closure of their operations in the...
The hiring of Point of Sales Persons (PSPs) to sell insurance has been made easier by IRDAI, so as to help...