China life insurance (Group) Company (hereafter China Life) saw CNY 357.849 billion consolidated insurance premium (non-audited, and the same below) and CNY 1.96 trillion combined total assets in 2011, and the premium increased steadily. In terms of the itemized data, China life insurance Co., Ltd. (NYSE: LFC, SEHK: 2628, SHSE: 601628) saw a steady increase [...]

Indian insurance regulator IRDA has said the guidelines for listing of non-life insurance companies will be issued by March, 2012. “General/non-life insurance listing rules will be issued by March,” IRDA Chairman J Hari Narayan told reporters here Friday. According to the Insurance Act, promoters with 26 per cent stake can offload equity after 10 years [...]

Philippine American Life and General Insurance Company (Philam Life) in eyeing double digit growth again this year with the help of its campaign to instill among Filipinos the idea that having insurance is not just for the affluent but for all. Philam Life Senior Vice President for marketing Jessica Abaya, in a briefing, declined to [...]

Samsung life insurance Co. (KSE:032830), South Korea’s top life insurer, said Friday its first-quarter earnings more than halved from a year earlier due mainly to an absence of one-off profit. Net income came to 268.4 billion won (US$248.3 million) in the April-June period, compared with 567.8 billion won a year earlier, the company said in [...]

Beijing, 29 June – China Development Bank (CDB), one of the country’s three policy Banks, signed a memorandum with Taiwan Cooperative Bank on Wednesday [29 June] to further strengthen cross-border trade and investment. According to the memorandum, the two Banks will cooperate in program financing, joint lending, corporation credit, risk management and personnel training. The [...]

New China life insurance Company is to celebrate its 15th anniversary in September this year. The insurer’s total assets have come to more than CNY 300 billion. The insurance company has 17 million customers and its annual premium income exceeded CNY 93 billion currently. New China life insurance set up over 1450 branches, central sub-branches, [...]

It is reported that Beijing-based Taikang life insurance Co. (Taikang Life) will invest CNY 3 billion to participate in the private share placement of Chengdu Rural Commercial Bank. What’s more, the possibility cannot be ruled out for Taikang Life to become the strategic investor and controlling shareholder of Chengdu Rural Bank. In August 2010, Taikang [...]

Sino life insurance Co., Ltd. obtained CNY 15.318 billion premiums in 2010 fiscal year, surging 120% year on year, said sources. The life insurer is due to release 2010 financial result at end-May. Sources said Sino life insurance’s standard premiums of personal insurance climbed 156% year on year, new bancassurance policies expanded 138% and new [...]