Read the latest edition of AIR and MEIR as an Interactive e-book

Sep 2021



China: Regulator tightens crackdown on errant internet insurance activities

The CBIRC is making internet insurance a major focus of its supervisory work, covering in particular misleading sales, forced bundling of insurance plans, high costs and illegal operations such as the leakage of information. These are areas where the frequency of violations is high.

India: Local partner of Aviva Life to give up majority stake

The Burman family will reduce its stake in the life venture, Aviva Life Insurance, from 51% at present to 26%. Aviva’s holding will rise to 74%, giving the foreign partner equity control of the life insurer, sources told Livemint.

Singapore: HSBC to acquire AXA for $575m

HSBC Insurance (Asia-Pacific) Holdings, an indirect wholly-owned subsidiary of HSBC Holdings (HSBC), has entered into an agreement to acquire 100% of the issued share capital of AXA Insurance (AXA Singapore) for $575m.

Thailand: Life insurance sector deliberates pension products

The Thai Life Assurance Association (TLIA) and the Office of Insurance Commission are currently in talks with life insurance companies to develop pension insurance products to meet retirement funding needs, according to TLIA president Sara Lamsam.


July 2021 was world's third-hottest July on record

The month of July 2021 was world’s third hottest July on record according to European Union’s Copernicus Climate Change Service (Copernicus).

Proposed mutual insurer for coal industry

After major insurers and reinsurers have refused to cover any new coal projects, global coal companies are considering setting up a mutual insurance company to cover their mining projects and other operations. They propose to pool their funds to set up the proposed mutual insurer.