While most big Japanese insurers are maintaining their allocation to domestic stocks, Dai-ichi Life has said that it will slash its interest rate and equity risk by 20% by March 2024.
Japan’s third biggest insurance company has shuffled its debt investment team.
Ping An Insurance is HSBC's top shareholder; HKMA's Exchange Fund's third-quarter earnings drop 97%; EPF's deputy chief executive for investments' term extended, and more.
Australian bodies urge postponing IFRS 17 implementation; Swiss Re, Temasek and others weighs Anbang investment; HK retirement system criticised; Dai-Ichi invests into cybernetics, and more.
Ping An seeks to up real assets exposure, Cbus makes first direct offshore infra bet; India's Esic awards mandate to Reliance Nippon AM, UOB reviews insurance deal with Prudential, and more.
India's insurance industry to hit $280 billion by 2020; Japan's PM commits to raise retirement age to 65; Korea's NPS makes just 0.9% returns in 1H; Kwap of Malaysia sees CIO shift to take over LTAT, Korea Post seeks to brush up on cryptocurrencies and more.