By Gabriel Budi Sutrisno | TechinAsia | December 22, 2023
Japan-based insurance firm Sumitomo Life is set to complete its acquisition of Singapore’s Singlife following a new commitment to purchase all shares previously held by other entities.Read More »Japan’s Sumitomo Life to fully acquire Singlife, tightening grip on SEA
By Yi Whan-woo | The Korea Times | December 22, 2023
The steeply falling population in Korea is prompting domestic insurance firms to accelerate overseas business expansion in search of new subscribers.Read More »Demographic crisis prompts more insurers to go abroad
“We remain excited about the significant potential,” says leader
By Kenneth Araullo | Insurance Business Magazine | December 21, 2023
Prudential, the life and health insurer, has announced a significant capital infusion in its joint venture (JV) with CITIC Financial Holdings. A media release said the joint venture, CITIC-Prudential Life Insurance Company (CPL), is set to increase its registered capital by RMB2.5 billion (US$351 million) following the approval from CPL’s shareholders.Read More »Prudential announces capital increase for CITIC joint venture
By Insurance Asia | December 7, 2023
New measures extend the adjustment period for insurers to adapt product and investment strategies to meet capital requirements by 2026.Read More »Recent regulatory changes to boost Taiwan’s life insurance sector: Fitch Ratings
New measures give the industry more time to adjust its strategies
By Kenneth Araullo | Insurance Business Magazine | December 6, 2023
Taiwan’s Financial Supervisory Commission (FSC) has recently introduced measures designed to assist life insurers in coping with the challenges posed by interest-rate risks, with these changes part of the transitional arrangements for the upcoming implementation of the localised Insurance Capital Standards (TW-ICS) and IFRS 17.Read More »Transitional measures to help ease risks for life insurers in Taiwan – Fitch Ratings