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Property & Casualty tag returned 308 results

  • Economic growth accelerates for the first time in 7 years

    China's economic growth accelerated last year for the first time since 2010, with the National Bureau of Statistics announcing yesterday that the economy had expanded by 6.9% last year.

    China | 19 Jan 2018
  • Huahai Property's financial losses shrink in 2017

    Huahai Property & Casualty Insurance, touted as China's first specialist marine insurer, has reported losses of CNY23 million for last year, down significantly from total losses of CNY280 million for 2016 and CNY108 million for 2015 which was its first full operating year.

    China | 19 Jan 2018
  • Hong Kong: Insurance market revamps complaints body

    The Insurance Complaints Bureau (ICB) has undergone a revamp and adopted its new name, with plans to expand the scope of its jurisdiction, to handle mediation services and to deal with disputes over non-claim related issues, in the second quarter of this year.

    Asia | 19 Jan 2018
  • Egypt: Govt exploring insurance for state assets

    The Egyptian Cabinet has decided to form a committee headed by Deputy Minister of Finance Dr Mohamed Moait to study insurance coverage for state assets.

    Middle East | 18 Jan 2018
  • Lebanon: Regulator to amend bancassurance regulations

    The Insurance Supervisory Commission (ICC), attached to the Ministry of Economy and Trade, has announced its intention to amend regulations that govern the sale of insurance products by banks to tighten supervision over bancassurance. The process will be taken in coordination with the Bank of Lebanon.

    Middle East | 18 Jan 2018
  • South Korea: Issuance of insurance product licences reaches record

    Twice as many exclusive licences for insurance products were handed out in 2017 as in the previous year, breaking records.

    Asia | 17 Jan 2018
  • China: Zhong An and UnionPay join hands to enhance consumer financial system

    China UnionPay, a major major Chinese mobile payment company, and online insurer Zhong An Insurance have signed a comprehensive strategic cooperation agreement to create a consumer finance ecosystem.

    Asia | 17 Jan 2018
  • Algeria: Local unit of AXA announces capital increase

    The life unit of AXA Assurances Algeria has increased its capital to DZD2,250 million (US$19.8 million) from DZD1,250 million.

    Middle East | 16 Jan 2018
  • Asia: India, Indonesia and Vietnam seen as promising markets by global credit insurer

    International credit insurer Atradius has named India, Indonesia and Vietnam as promising emerging markets in Asia this year.

    Asia | 16 Jan 2018
  • Taiwan: Higher forex reserves will help cut insurers' currency risk

    Taiwan's Financial Supervisory Commission (FSC) has announced higher requirements on insurers' foreign-exchange volatility reserves. The tightening is credit positive for Taiwanese insurers because it requires them to set higher foreign-exchange volatility reserves as a buffer against potential foreign exchange losses and will push them to increase their hedging ratios against potential appreciation of the Taiwanese dollar, says Moody's Investors Service Hong Kong.

    Asia | 16 Jan 2018