The insurance sector in Egypt is expected to witness positive effects as a result of the central bank's decisions to cut interest rates.
The country's largest insurer, the Life Insurance Corporation of India (LIC), has issued a statement refuting rumours about its financial position, reiterating that it is in "sound financial health".
There is still scope for a state owned life insurer in India, says Mr M R Kumar, chairman of the life insurance giant LIC.
Asian insurers are more muted in their optimism about the current investment outlook. This is probably a reflection of the region's greater vulnerability to the risk of an escalating US-China trade tensions, says global investment management corporation BlackRock.
The investment strategy of Asian insurers has a large focus on risk management and portfolio resilience as they adopt a slightly more cautious stance, in part due to the evolving insurance regulatory landscape.
Dajia Life Insurance has effectively sold part of its stake in state-owned China State Construction Engineering by swapping the equity for shares in three exchange-traded funds (ETFs), cutting its holding to 8.59% from 11.06%, the Shanghai-listed construction and engineering group has announced. A total of 1.038bn shares were exchanged in a deal worth around CNY6bn ($841m).
J.P. Morgan Asset Management (JPMAM) has appointed Rick Wei as head of Asia ex Japan insurance strategy, based in Hong Kong.
The Insurance Commission (IC) is allowing insurers to participate in securities borrowing and lending (SBL) transactions, subject to regulatory approval.
Taiwan's top financial regulator is considering new rules that could raise the cost of investing in bond exchange-traded funds for insurance companies, people familiar with the matter told Bloomberg.
The Office of the Insurance Commission (OIC) wants to ease the liability adequacy test (LAT) computation for life insurance companies to alleviate the impact of falling bond yields on businesses.