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China’s pressure to care for its elderly

China - July 31 2013 China is due to face financial pressure to preserve and increase the value of its social insurance funds and ensure the sustainability of its...

Survival of industrial insurance

Global - July 31 2013 At the Asia Specialty Risks Summit in Singapore on 25 June 2013, Mr Gregor Köhler, CEO & President of Pallas Versicherung AG, the insurance arm...

China Insurance Regulatory Commission (CIRC) to issue rules for using reinsurance as capital optimisation tool

China - July 31 2013 CIRC has recently circulated a document titled "Consultation paper on the regulation of life insurers using reinsurance to improve solvency...

Chinese government will soon allow insurers to set their own interest rates

China - July 31 2013 The Chinese government will soon allow insurers to set interest rates on their insurance products. Initially, insurers will be allowed to set their...

South Korea’s financial regulator encourages insurers to protect consumers

South Korea - July 31 2013 According to South Korea's financial watchdog, the Financial Supervisory Service (FSS), consumer complaints filed against financial firms totalled 21...