European Network and Information Security Agency (ENISA) has advocated to impose mandatory cyber insurance for firms and urged insurance firms to develop related schemes, which will assist them to save reputational damage. The agency in ...
Tags: ENISA, mandatory insurance, CSO
MetLife has agreed to pay $500m in a multistate settlement with Florida insurance investigators in connection with holding death benefits from life insurance policies issued decades ago. The regulators accused the US insurer over non ...
Tags: MetLife, multistate settlement, death benefits, insurance
HSBC is planning to exit its insurance joint venture Canara HSBC Oriental Bank of Commerce Life Insurance Company in India, a second foreign company to depart Indian insurance sector. The JV was formed by Canara Bank, Oriental Bank of ...
Tags: HSBC, insurance joint venture, Commerce Life Insurance, Indian insurance
Taiwan based underwriter TransGlobe Life Insurance (TGL) has emerged to be the winning bidder to acquire ailing Kuo Hua Life Insurance Co from the Taiwan government after reaching an agreement. Under terms of the deal, The Taiwan ...
Tags: TIGF, TGL, insurance, insurance company
Japan's lower house of parliament has endorsed a bill to allow Japanese government to insure Iranian crude oil importing shipments, in an effort to counter new US-European Union sanctions against Iran. Yet to be voted by the upper house, ...
Tags: Japan, Iranian crude oil, oil import, insurance policy
Taipei, Nov. 20, 2012 (CENS)--The Insurance Bureau, under the Financial Supervisory Commission (FSC), put forth yesterday (Nov. 19) seven major control measures for investments by insurance firms in realties, effective immediately, which ...
Tags: Insurance Bureau, insurance, FSC, control measure
Taipei, Nov. 13, 2012 (CENS)--Thanks to growing income from auto-insurance policies, non-life insurers in Taiwan expect their premium revenues this year to exceed those of 2011 and to challenge new heights within five years. Non-life ...
Taipei, Oct. 24, 2012 (CENS)--Affected by sluggish economy and decline of market interest rates, the Financial Supervisory Commission (FSC) announced yesterday (Oct. 23) slashing the interest rates for liabilities reserves funds for foreign ...
Tags: FSC, U.S.dollar-denominated insurance policies, Life insurers
Cathay Life Insurance won with NT$4.3 billion franchise fee yesterday(Sept.25)the 50-year right for the investment,development,and management of the special commercial land of Taoyuan railway station area,the largest commercial land area of ...
Tags: Cathay Life, The BOT Project, Taoyuan Station Area, MOTC
Thanks to mainland China's recent relaxation of the conditions for QFIIs(qualified foreign institutional investors),some Taiwanese banks will be able to obtain QFII status for directly investing in mainland Chinese stocks or accepting the ...
Tags: Taiwanese Banks, Chinese Stocks, QFII
Taipei,Sept.7,2012--In the face of the sluggish economy and rising inflation,the Central Bank of China(CBC)tends to keep the existing low rates,to bolster economic growth,while tightening fund control,to avoid its flow to the realty market ...
Tags: CBC, rising inflation, economy
Taipei,Sept.4,2012--As a further step for foreign exchange liberalization,the Central Bank of China(CBC)is studying the feasibility of expanding the scope of financial institutions for engaging in forex business,a move which may be ...
Tags: foreign exchange, CBC, FSC, forex businesses
SS&C Technologies has unveiled a new risk analysis software, Camra I-Risk, for insurance companies in an effort to address risk amidst emerging solvency standards. Commenting on the launch of the new risk management system, SS&C ...
Tags: SS&C Technologies, risk analysis software, Camra I-Risk