Asia
Hong Kong domiciled funds growth outpaces Singapore
Chinese equity mutual funds boost the size of the Hong Kong-domiciled mutual fund landscape, helping it push ahead of rival Singapore.
Singapore’s life insurance business up 10% in first half 2017
The life insurance industry in Singapore has reported a growth in sales across both single and annual premium products in the first six months of the year, with premiums collected on new policies jumping 10% to S$1.68bn (£944m, $1.2bn, €1bn) compared to 2016.
India’s Sahara fights regulator on loss of life unit to rival
Indian conglomerate Sahara said it will take the Insurance Regulatory and Development Authority of India (IRDAI) to court to fight against an order to transfer its life insurance business, Sahara Life, to rival company ICICI Prudential Life Insurance.
Aussie advisers face years of imprisonment after ASIC action
Two banned financial advisers from Australia are facing years in prison for their malpractice following a series of inquiries by the Australian Securities and Investments Commission (Asic).
Aviva, Tencent seek licence for Asian digital insurer
UK insurance giant Aviva and Chinese tech firm Tencent are seeking regulatory approval for a new joint venture partnership along with private equity firm Hillhouse Capital, which plans to develop an online insurance company in Hong Kong.