French global insurance group AXA SA has made a move to strengthen its position in South Korea's important direct insurance market through the acquisition of general insurer Ergo Daum Direct in a deal announced this past week. Officials representing both AXA and the Dusseldorf-headquartered ERGO Insurance Group completed and signed a share purchase and sales agreement on May 3rd which will…
New research out this week from prominent international medical insurance provider William Russell warns that an alarming number of expatriates are currently risking their livelihoods overseas without an adequate life or income protection policy in force. William Russell carried out a customer…
While stagnant growth forecasts, sovereign debt contagion issues, and political infighting continue to drag down many Western economies and industries, the first quarter of 2012 was relatively stable to many in the international insurance industry. Several notable insurance companies posted positive business developments in the face of adverse market developments over the past month. The following…
May 1st was International Labour Day, a date that celebrates the contributions and progress made by workers in industrialized nations over the past two hundred years. The occasion was perhaps a fitting time for India to formally announce a new life insurance and pension fund that specifically targets the country's sizeable overseas workforce in a bid to better address their social security and resettlement…
Published April 30, 2012
China’s insurance companies could soon be given greater investment opportunities and simplified approval procedures after the country’s insurance regulator claimed it would consider such procedures in a bid to improve the industry’s overall contribution to the nation’ economic growth and development going forward.
In a statement released online last week,…
Published April 27, 2012
China is heading towards an aging demographic disaster. By 2050, the powerful Asian nation is projected to be the oldest BRIC economy, with the number of senior citizens far outstripping the actual working age population. A new study out this week by the Boston Consulting Group (BCG) and Swiss Re argues that insurance companies could prove integral in addressing…
The global reinsurance industry looks set to rebound, with rates rising to offset some of the worst quarters ever for catastrophe losses following an unprecedented series of natural disasters in 2011 which included, amongst other events, severe flooding in Thailand last year and record earthquakes in Japan and New Zealand. New research data released this past week by insurance market analyst firm A.M.…
With flagging growth forecasts and sovereign debt woes continuing to wrack the Eurozone and other Western economies, international investors are now increasingly turning their attention to emerging financial markets in the Middle East and Asia to further develop and expand their business footprint. It was announced this week that Zurich, one of the world’s largest insurance groups, has signed a…
China's life insurance sector has endured a mixed start to the 2012 business year, with many companies now posting lower premium growth after rapid expansion in recent times. A new research document out by Deutsche Bank reveals how the country's top four life insurers ranged quite considerably in…
Taiwan's largest life insurance companies have begun the 2012 business year well, overcoming their small and over-saturated home market to post solid first quarter premium growth. New statistics released by the Life Insurance Association of the Republic of China (LIA-ROC) this week show that Taiwan's life insurance sector reaped a cumulative NT$310.6 billion (US$10.5 billion) in first-year premium…
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