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Transitional measures to help ease risks for life insurers in Taiwan – 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

    Big insurers up for sale, but financial conglomerates appear disinterested

      Insurers have high hopes based on enhanced performance metrics

      By Lee Yeon-woo | The Korea Times | September 22, 2023

      While major insurance firms are queued up for sale, financial holding companies are exercising caution in proceeding with acquisition deals. This contrasts with earlier market expectations that they would actively pursue acquisitions to expand their non-banking business portfolios.Read More »Big insurers up for sale, but financial conglomerates appear disinterested

      Korean firms, JP life insurers among bidders for Tokio Marine’s Southeast businesses

        Industry sources said that information memoranda will be sent to potential buyers later this month

        By Kenneth Araullo | Insurance Business | August 16, 2023

        Major Korean insurers and two Japanese life insurers are among the bidders looking to purchase Tokio Marine’s billion-dollar businesses in Southeast Asia, according to industry sources.Read More »Korean firms, JP life insurers among bidders for Tokio Marine’s Southeast businesses

        Tokio Marine seeks to sell SE Asia units to S.Korean companies

          Hanwha Life Insurance emerges as a strong candidate for the acquisition as aims to actively expand its businesses overseas

          By Seok-Cheol Choi and Jun-Ho Cha | The Korea Economic Daily | August 14, 2023

          Japanese insurer Tokio Marine Holdings Inc. is seeking to sell its units in Southeast Asia for $1 billion to major South Korean companies looking for future growth engines in other countries amid the stagnant local market due to the aging population and falling birthrate.Read More »Tokio Marine seeks to sell SE Asia units to S.Korean companies