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Regulation Seen as Crucial to Pension Development in China
...Pacific region can be broadly classified into two groups. Australia, Japan and Singapore run well-established, comprehensive and mature systems, while Asian emerging markets ...
Source: BestWire   Date: October 19, 2010
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Foreign Insurers Reconsider Chinese Business Models on Cost-Effectiveness
China operation," she said. With an increasing cost-effectiveness concern among foreign players in China, the analyst said the 50-50 joint venture business model needs to be ...
Source: BestWire   Date: October 19, 2010
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Insurers' Discipline a Key Concern in Fast-Growing China Market
China Rendezvous in Shenzhen. One of the challenges in the Chinese insurance industry is "how to effectively localize the market with specific situations in China," said Steven ...
Source: BestWire   Date: October 4, 2010
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New Hong Kong-Based Reinsurer Seeks Capital for Launch
American International Group Inc., and two other industry veterans are seeking capital to fund the launch of a Hong Kong-based reinsurance company. The new reinsurer is seeking to ...
Source: BestWire   Date: September 21, 2010
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As Markets Open Up, Asian Regulators Implement Stringent Capital Requirements
Swiss Re in a sigma report. But so far, no country in Asia has a plan for adopting Solvency II. Solvency II is a regulatory regime designed to implement a uniform capital adequacy ...
Source: BestWire   Date: September 21, 2010
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Swiss Re: Niche Players, Capital Management Key to China's Market
Robert Wiest, in an interview with BestWeek Asia/Pacific. "Insurance big players will continue to lead the market, but mergers and acquisitions in the small and medium-size ...
Source: BestWire   Date: August 24, 2010
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A Public to Private Shift in China's Health Care Reform
China has reported rapid economic growth in recent years, but market experts said the provision of adequate health care to the country's 1.3 billion people remains a significant ...
Source: BestWire   Date: August 17, 2010
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'Balance Of Interests' Key to Establishing Natural Catastrophe Pool in China
China Insurance Regulatory Commission. But insurance density and penetration are "still relatively low," especially as coverage against natural catastrophes is "not widespread" for ...
Source: BestWire   Date: August 10, 2010
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Taiwan Regulator Proposes Allowing Insurers to Invest in China
Hong Kong in a bid to enhance Taiwanese insurers' investment flexibility. The proposed revision of insurance companies' overseas investment rules will lift the ban on Taiwanese ...
Source: BestWire   Date: August 5, 2010
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All Points East
Reinsurance business is competitive in Asia's emerging markets. Local, regional and global reinsurers are looking to build a presence for growth potential on the basis of low ...
Source: Best's Review   Date: August 1, 2010
Indonesia and OECD Agree on Insurance Cooperation
Finance Ministry Mulia P. Nasution and OECD Deputy Secretary General Richard A. Boucher to increase cooperation on financial issues. Indonesia was declared an OECD enhanced ...
Source: BestWire   Date: July 30, 2010
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China Further Deregulates Reinsurance Market
Management Regulations of China. "The deregulation is a natural step of the regulator to implement the revised insurance law effective in 2009. We welcome the change, as it further ...
Source: BestWire   Date: July 2, 2010
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Update: Swiss Re Ends Five-Year Shareholding in China Re's Investment Subsidiary
...Clarifies Peter Reichenbach's role at Swiss Re Asset Management (Asia).) Hong Kong-based Swiss Re Asset Management (Asia) Ltd. is no longer a shareholder of China Re Asset ...
Source: BestWire   Date: June 15, 2010
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India's Health Insurance Market Gets a Boost From Government
Hospitals Group and Munich Re. The company aims to grow faster than the industry, said Jacob. "The awareness of health insurance as a financial mechanism is growing among the ...
Source: BestWire   Date: June 8, 2010
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Shanghai Rises as Key Market for Foreign Reinsurers in China
China Reinsurance (Group) Corp. -- which has two subsidiaries, China Property and Casualty Reinsurance Co. Ltd. and China Life Reinsurance Co. Ltd. Among those foreign reinsurers, ...
Source: BestWire   Date: June 8, 2010
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Lloyd's China Gets Regulatory Clearance for Direct Insurance Business
China Insurance Regulatory Commission. "This is very significant development for both Lloyd's and the Chinese insurance market," said Lloyd's Chairman Peter Levene in a statement. ...
Source: BestWire   Date: May 20, 2010
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With Stiff Competition in India, GIC Seeks to Enhance Overseas Business
Yogesh Lohiya, chairman and managing director of GIC Re. In London, a discussion with Lloyd's about setting up a syndicate is also under review. "But we would like to take more ...
Source: BestWire   Date: May 11, 2010
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Swiss Re International Eyes Commercial Insurance in Shanghai
... Total cumulative insurance claims in Shanghai were nearly 4.2 billion yuan at the end of March, representing a year-on-year reduction of 591 million yuan, or 12.34%. Of the total ...
Source: BestWire   Date: May 5, 2010
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Stricter Solvency Rules, Nonlife Mergers Alter Japan's Reinsurance Market
April renewals that were seen as generally stable to slightly down. A benign year of natural disasters, improving capital markets and good business results of reinsurers ...
Source: BestWire   Date: May 4, 2010
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Swiss Re Canada CEO: New Rules for Banks Could Mean More Business for Reinsurers
Caribbean operations, effective June 1. She takes the helm from Jean-Jacques Henchoz, who is returning to Switzerland after five years in Canada. Ludlow will be based in Toronto, ...
Source: BestWire   Date: April 22, 2010
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