ASIA INSURANCE News Today 8/31.

GERMAN INSURER ERGO EYES STRONGER PRESENCE IN S.KOREA

SEOUL - ERGO Insurance Group of Germany will seek to boost its presence in South Korea as a general insurance company by selling a variety of non-life insurance products, its chief said Tuesday.

"From now on, diverse products of ERGO Group shall be introduced to the market by taking a chance on ERGO Daum Direct's transformation into a general insurance company," Torsten Oletzky, chief executive officer of ERGO, told a press conference.

CHINA'S CPIC ASSET MGMT TO FOCUS ON STOCKS WITH GOOD DIVIDENDS

BEIJING - CPIC Asset Management, an investment arm of the China Pacific Insurance Co. (CPIC, SSE:601601, SEHK:2601), said on Monday that it will focus on stocks with good dividends, and possibly on the convertible bonds for insurance capital investment.

Yu Yeming, general manager of CPIC Asset Management, said that China's capital market would remain in correction in the second half of this year, due to rising inflationary pressure and economic uncertainties.

INDIA'S RELIANCE LIFE HIGH ON CUSTOMER SATISFACTION: SURVEY

NEW DELHI - Indian insurer Reliance Life Insurance has been awarded a high rating in customer satisfaction for the third year in a row, according to a survey.

"Reliance Life Insurance Company, part of Reliance Capital (BSE:500111), has been awarded a high rating for the third consecutive year in Nielsen's pan-India customer satisfaction survey," Reliance Life said in a release.

CHINA'S CPIC ASSET MGMT TO FOCUS ON STOCKS WITH GOOD DIVIDENDS

BEIJING - CPIC Asset Management, an investment arm of the China Pacific Insurance Co. (CPIC, SSE:601601, SEHK:02601), said on Monday that it will focus on stocks with good dividends, and possibly on the convertible bonds for insurance capital investment.

Yu Yeming, general manager of CPIC Asset Management, said that China's capital market would remain in correction in the second half of this year, due to rising inflationary pressure and economic uncertainties.

CHINA LIFE INSURANCE TO EXPAND BANKING-INSURANCE SALES CHANNEL

BEIJING - China Life Insurance (LFC, SEHK:02628; SSE:601628) aims to speed up the expansion of insurance policies with installment payments in the second half of this year, said Wan Feng, president of China Life.

Wan stressed the importance of the banking-insurance sales channel to the insurer's business expansion.