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South Korea: IPOs to transform life insurance industry |
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South Korea's local life insurance industry is set to see a transformation, with the several local major life insurers going public, reports the Korea Times. A stock exchange listing is expected to enhance the local life insurance industry by increasing transparency and pave the way for local players to expand in overseas markets. |
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Asia Pacific: Buoyant outlook for insurance |
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Standard & Poor's Ratings Services sees more upside for Asia Pacific non-life insurers this year, and expects in particular high double-digit growth in the developing markets of China and India in 2010, low double-digit growth for the more developed markets, and stagnant growth for Japan and Taiwan. |
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Japan: AIA-Prudential deal could spark mergers in life mart |
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UK life insurer Prudential's bid to acquire American International Group's AIA would prompt foreign insurers in Japan to reconfigure themselves to regain a stronger position as the declining Japanese insurance market undergoes restructuring, reports BestWeek Asia/Pacific citing Tokyo-based Neil Katkov, Senior Vice President and Head of Asia at the consultancy firm, Celent. |
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India: Record insurance cover for cricket league |
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The Board of Control for Cricket in India, the apex governing body—and the owners of different franchises have placed a record insurance cover of more than INR10 billion (US$221 million) with state-owned general insurer, the Oriental Insurance, for the Indian Premier League (IPL), reports the Financial Express. |
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Australia: Obesity costing more than US$50 bln a year |
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The total cost of caring for the nation's overweight and obese people exceeds A$56 billion (US$51 billion) a year, according to a study published in the Medical Journal of Australia. Of this total, direct health care and other related costs totaled A$21 billion, while government subsidies cost another A$35.6 billion a year. |
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