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News
South Korea slashes Tongyang Life data penalty after regulatory rethink
2+ day, 13+ hour ago (663+ words) South Korea’s top financial regulator has reduced a proposed 140 billion won penalty against Tongyang Life Insurance to 7 billion won, following a legal reinterpretation of how the insurer shared customer data with its own sales arm. The decision sits within a…...
Bangladesh regulator distributes cheques as claims culture collapses
4+ day, 16+ hour ago (454+ words) Bangladesh’s insurance regulator distributed claim cheques worth Tk 14.51 crore to 2,549 policyholders on September 3 – an event that looks routine on its face but points to a market where the claims process has deteriorated badly enough to require the regulator to step…...
Why China Is Pumping Billions Into Its Financial Sector
6+ day, 14+ hour ago (189+ words) Chinese President Xi Jinping. The goal behind the funding push is to strengthen the financial sector's capacity to invest in the stock market and keep credit flowing to businesses, at a moment when China, the world's second largest economy, continues…...
Valu and AXA Egypt partner to set a new regulatory benchmark with strategic Credit Life Insurance integration
1+ week, 4+ day ago (247+ words) The partnership powered by Amanleek represents a significant step in pioneering regulatory compliance within Egypt’s non-banking financial services sector. It directly aligns with the Financial Regulatory Authority’s (FRA) Board Decision No. 28 of 2026, which mandates that consumer finance companies secure insurance…...
Purple Style Labs Raises Rs 306 Crore from Anchor Investors Ahead of Rs 680 Crore IPO
2+ week, 21+ hour ago (551+ words) Purple Style Labs, the parent company of Pernia’s Pop-Up Shop, has raised Rs 306 crore from anchor investors ahead of its initial public offering (IPO), securing institutional participation just days before the company’s public issue opens for subscription. The company has…...
Bangkok Post - Generali Thailand and Krungsri Auto Broker Extend Strategic Partnership for Five Years
2+ week, 6+ day ago (377+ words) Generali Life Assurance (Thailand) has joined forces with Krungsri Auto Broker, an insurance brokerage service provider under Ayudhya Capital Auto Lease Public Company Limited, a subsidiary of Bank of Ayudhya Public Company Limited, to renew their strategic partnership for another…...
Hong Kong insurance chief reappointed amid tax shakeup
3+ week, 5+ day ago (436+ words) Insurance Business Hong Kong insurance chief reappointed amid tax shakeup Cheung begins new term with a clear directive: reduce the sector's dependence on mainland Chinese visitors The Insurance Authority has reappointed Clement Cheung Wan-ching as chief executive for a further…...
Samsung Life profit dips in Q2 but jumps in H1 on investment gains
4+ week, 2+ day ago (15+ words) CHOSUNBIZ Chosunbiz...
Kyobo targets AXA General to enter non-life – and what it costs brokers
1+ mon, 13+ hour ago (735+ words) Insurance Business Kyobo targets AXA General to enter non-life – and what it costs brokers Fewer open-market options as South Korea's mid-tier non-life sector consolidates around domestic buyers Kyobo Life Insurance's pursuit of AXA General Insurance carries two distinct storylines: the…...
The financing challenge behind Asia’s wealth transfer
1+ mon, 2+ day ago (631+ words) As wealthy families turn to life insurance as part of succession, how policies are funded is as important as policies themselves. Asia’s ultra-high-net-worth population grew 15.8% in 2025, making it the world’s fastest-growing wealth region entering 2026. That growth is unfolding alongside another…...