The insurance regulator, IRDAI, has called on insurance entities like LIC and GIC Re to play an active role in ensuring high corporate governance standards in the listed companies in which they invest.
To increase the strength of insurance companies in Indonesia, the Financial Services Authority (OJK) plans to increase the minimum capital of insurance companies.
The insurance regulator is keen for Life Insurance Corporation of India (LIC) to pare down its stake in other companies to 15% or less, but the reduction exercise is to be carried out after the life insurance giant's IPO, IRDAI chairman Subhash Chandra Khuntia has said.
Japanese traditional life insurers have been increasing their exposures to assets denominated in foreign currencies in pursuit of higher yield while domestic interest rates remain low, says Fitch Ratings.
Life insurers are opposing proposed legislation that will split the regulation of the protection and investment components of variable unit linked (VUL) products.
Grab Holdings Inc has acquired Bento Invest, a Singapore-based robo-advisory start-up for an undisclosed sum. The move will allow Grab to offer retail wealth management solutions to users, driver-partners and merchant-partners, via the Grab app.
Taiwan Ratings Corp says that it welcomes the Financial Supervisory Commission's (FSC) plan to tighten sales of insurance policies featuring target-maturity bond funds, adding that the move would help rein in risks that investors are not generally aware of.
China's stronger-than-expected Q4 GDP is evidence of a cyclical stabilisation in the economy. However, medium-term risk factors have led to a cautious view about the Chinese economy, particularly in the second half of 2020, with full-year growth forecasted to drop to 5.8%, says Aidan Yao, Senior Emerging Asia Economist at AXA Investment Managers (AXA IM).
The insurance regulator, the Office of Insurance Commission (OIC), is engaged in a consultation exercise aimed at obtaining views from stakeholders on proposals that would increase the competitiveness of Thailand's insurance industry and help it respond to national and global economic conditions.
The National Insurance Board (Dewan Asuransi Indonesia or DAI) has agreed with steps taken by the Financial Services Authority (OJK) to tighten supervision of risk management in the insurance sector.