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AIA to buy 25% stake in China Post Life Insurance for $1.9bn

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | Nikkei | June 29, 2021

Investment gives life insurer access to mass market clients in China

HONG KONG — AIA Group on Tuesday said it had agreed to buy a 24.99% stake in China Post Life Insurance for 12 billion yuan ($1.86 billion) to boost its exposure to the nation’s life insurance market.Read More »AIA to buy 25% stake in China Post Life Insurance for $1.9bn

What insurers are paying to deliver IFRS 17: Is there any bang for the buck?

By Jason Contant | Canadian Underwriter | June 9, 2021

The majority of insurers across the globe will spend US$20 million to implement the IFRS 17 insurance accounting standard into their operations, according to a new worldwide survey by Willis Towers Watson.Read More »What insurers are paying to deliver IFRS 17: Is there any bang for the buck?

Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW

By Insurance Journal | June 8, 2021

The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range of US$15 billion-$20 billion, according to a new global survey by Willis Towers Watson.Read More »Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW

IFRS 17 to cost global insurance industry as much as $20bn: WTW

By Luke Gallin | Reinsurance News | June 7, 2021

The implementation of IFRS 17, the International Financial Reporting Standard that was issued by the International Accounting Standards Board, is estimated to cost the global insurance industry as much as $20 billion, according to a survey by Willis Towers Watson (WTW).Read More »IFRS 17 to cost global insurance industry as much as $20bn: WTW

The insurance industry’s journey towards IFRS17 implementation

By Michael Rellosa | The Manila Times | May 24, 2021

AT this juncture, the Philippine nonlife insurance industry must be deep in thought and action preparing for the implementation of IFRS17 by Jan. 1, 2025. IFRS stands for international financial reporting standards and No. 17 refers to the latest global standard for all insurance contracts replacing all other earlier standards currently in place. The main objective of IFRS17 is to standardize insurance accounting across all jurisdictions with the end in view of improving comparability; thereby increasing transparency.Read More »The insurance industry’s journey towards IFRS17 implementation

Limited rating impact expected from IFRS 17: Fitch

By Matt Sheehan | Reinsurance News | May 12, 2021

Analysts at Fitch Ratings have assured that the introduction of IFRS 17 is expected to have a “limited” impact on ratings and no overall changes to its view on capitalisation for most re/insurers.Read More »Limited rating impact expected from IFRS 17: Fitch

THE owners of Hong Kong Life Insurance Ltd are reviving a sale of the business after a deal was scrapped more than two years ago, according to people familiar with the matter.Read More »Hong Kong Life Insurance owners revive sale after failed deal

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News

AIA to buy 25% stake in China Post Life Insurance for $1.9bn

What insurers are paying to deliver IFRS 17: Is there any bang for the buck?

Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW

IFRS 17 to cost global insurance industry as much as $20bn: WTW

The insurance industry’s journey towards IFRS17 implementation

Limited rating impact expected from IFRS 17: Fitch

How insurers are faring as IFRS 17 transition looms

Aegon Said to Explore Sale of Transamerica Business in Asia

Foreign insurers losing customers in South Korea

Hong Kong Life Insurance owners revive sale after failed deal

AC Actuarial Consulting

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