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AIR eDaily |
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China relaxes investment regulations for insurers |
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The CIRC has announced that it will allow insurers to invest in a wider range of corporate bonds and relax limits on equity and real estate investments, thereby granting insurers the opportunity to obtain higher returns and play a stronger role in the country's financial system. |
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India: IRDA asks life insurance body to design single insurance product
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The IRDA has asked the Life Insurance Council to design a single insurance product that will provide life as well as non-life cover. "It will be a single product," says IRDA Chairman, Mr Hari Narayana. |
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China is world's key flood risk
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China tops the world ranking in terms of flood risk, followed by other emerging economies such as Brazil, Russia and India, due to their rapid economic growth and corresponding increase in flooding exposure in recent years. |
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Outsourced insurance assets to grow by US$1 tln over next five years
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The insurance industry's outsourced assets, which currently stand at US$1.5-$2.0 trillion globally, are expected to grow by $1 trillion over the next five years, with persistent low-interest rate environment, increased capital requirements, changing demographics and growing government debts impacting insurers and driving their outsourcing trends, said Mr Matt Malloy, Managing Director, Head of Global Insurance Solutions at J.P. Morgan Asset Management. |
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Australia: Advisers overwhelmingly optimistic of industry growth
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Research by AIA Australia reveals that advisers are overwhelmingly optimistic on the 12-month outlook for the industry, seeing the most growth coming from families and the self employed. |
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| AIR Conferences |
Last Updated on, 17 May 2012 |
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