A reallocation of assets in the financial services sector, aimed at reducing risk in the industry through applying the brakes on debt accumulation, may benefit insurers.
Insurance giant, Nippon Life Insurance, is scouting for opportunities to buy boutique managers of bonds and alternative assets, reported Reuters citing the insurer's President, Mr Yoshinobu Tsutsui.
The Hengqin New Area Management Committee has unveiled the latest incentives to make the district an insurance hub, including a one-time award of as much as CNY10 million (US$1.54 million).
China's insurance regulator has issued a directive banning insurers' asset management arms from using private equity investment schemes as a channel to increase local government liabilities.
The Indonesian Life Insurance Association (AAJI) has asked the Financial Services Authority (OJK) to relax its stipulation for insurers to invest in government securities (SBN).
Taiwan's insurers and other financial institutions are unlikely to be significantly affected by US tax reforms, the Financial Supervisory Commission (FSC) has said, adding that the potential risks should be manageable.
The Taiwanese Cabinet has announced plans to encourage insurance companies to invest in public infrastructure projects and the long-term care sector to increase private investment in government-led projects.
Insurance industry players estimate that investment gains would stand at an average of 5.4% this year, compared to 5.66% last year, according to an informal survey carried by Securities Times.