Almost six in 10 South African consumers were worried about meeting their financial obligations in May, according to a survey by Boston Consulting Group's (BCG) Centre for Customer Insight.
Beijing-based Cigna & CMB Asset Management, which was licensed last December by the CBIRC, is increasing its registered capital from CNY100m ($14.3m) to CNY500m.
Overseas investments made by mainland Chinese insurance companies fell by 9.6% to $70bn at the end of last year, compared to $77.4bn 12 months previously, according to a new report by the Insurance Asset Management Association of China (IAMAC).
State-run insurers and pension funds may get the nod to invest in government-backed startup-focused fund-of-funds, depending on the outcome of talks among various government agencies.
According to Fitch Ratings a recent string of defaults due to corporate governance failings in Indonesia's financial industry highlights governance remaining a major risk for creditors and investors.
Further volatility in India's investment markets amid the prevailing COVID-19 pandemic may increase pressure on GIC Re's financial performance and balance sheet fundamentals, says AM Best.
The CBIRC has issued regulations to allow insurance funds to deal in treasury bond futures, restricting transactions to hedging and barring speculation.
Stock market volatility continues to pose the biggest challenge to the balance sheets of Japan's major non-life insurers, given the potential losses to the asset valuations that companies may face during global stock market routs, according to an AM Best report.
Milli Re has a track record of strong investment earnings, which have underpinned a five-year weighted average return on equity of 16% (2015-2019) that reflects in part high inflation in Turkey, notes AM Best.
70% of high net worth (HNW) respondents in Singapore have said that insurance comprises more than 10% of their wealth and legacy planning, compared with the 52% indicated by their peers across Asia, according to a report released by AIA and global professional services firm EY.