L&H

LIC receives three-year extension to meet public shareholding requirements

May 15 2024

SEBI grants LIC extension to May 2027 in order to comply with minimum 10% public shareholding rule.

irdai-likely-to-provide-may-approval-for-iihls-acquisition-of-reliance-capitals-insurance-arms-report

IRDAI approves IIHL’s acquisition of Reliance Capital’s insurance arms: reports

May 13 2024

Approval paves way for Hinduja Group's IIHL to proceed with plan to acquire and revitalise Reliance Capital's insurance subsidiaries.

Fitch maintains Asahi Life's ratings with Japanese insurer seeing profitability bounceback

May 13 2024

Asahi Life has seen its profitability improve following easing of pandemic-related measures.

indian-regulator-mandates-insurers-to-expand-coverage-in-rural-and-undeserved-areas

Indian regulator mandates insurers meet rural and social sector quotas

May 13 2024

Circular mandates life, general, and health insurers fulfill rural and social sector quotas.

China's regulator moves to reshape bancassurance market, boost competition

May 11 2024

NFRA introduces new directive likely to promote greater competition and consumer choice in the bancassurance space.

south-korean-insurers-targetting-tailored-products-for-women-report

South Korean insurers targetting more tailored products for women - report

May 10 2024

Korean insurers are increasingly targeting female customers, responding to growth including higher insurance subscription rates among women.

OCBC bids S$1.4bn to take Great Eastern private

May 10 2024

US$1.03bn bid for the remaining 11.56% stake forms part of plan to delist insurer from the Singapore Exchange.

generali-hk-partners-with-ngo-and-school-to-help-support-over-50-vulnerable-families

Generali HK partners with NGO and school to help support vulnerable families

May 10 2024

Generali Hong Kong partners with OneSky and Kowloon Tong School in social initiative to help over 50 families.

Prudential to shut down Hong Kong wealth management unit, Pulse Wealth

May 9 2024

The news, first brought to light by trade publication Pensions & Investments, was confirmed by Prudential in a statement to Reuters.

australian-regulator-releases-observations-on-review-of-phi-capital-framework

Australian regulator releases observations on review of Private Health Insurance capital framework

May 9 2024

Enhanced data quality and accuracy one of the areas of improvement identified by APRA in its review of the PHI capital framework.

malaysian-re-leads-mnrb-to-record-performance-in-fy2024

Malaysian Re leads MNRB to best-ever financial performance in FY2024

May 9 2024

MNRB Holdings Berhad sees record-breaking year, with profits soaring to RM428.4m (US$90.34m), as Malaysian Re surpasses RM2.0bn in GWP/GWC for the first time.

indias-life-insurance-sector-set-for-10-annual-growth-spurred-by-insurtech-and-new-regulations-globaldata

India's life insurance sector set for 10% CAGR, spurred by insurtech and regulations: GlobalData

May 8 2024

GlobalData expects market to surge to 13.5 trillion rupees by 2028.

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