Friday, January 20, 2017
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Practo bets big on health insurance space

Practo bets big on health insurance space

The Indian healthcare platform plans to invest after raising US$55m in its series-D funding round.

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Philippine insurers given capital requirement deadline

Philippine insurers given capital requirement deadline

Regulators have given insurance companies until April this year to meet the minimum capital target.

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China to lower foreign investment restrictions

China to lower foreign investment restrictions

The State Council said it will cut restrictions on insurance, banking, securities and other sectors.

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Berkshire enters Malaysia’s non-life reinsurance market

Berkshire enters Malaysia’s non-life reinsurance market

The Labuan licence adds to the company’s existing presence in Singapore, Hong Kong and Macau.

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India’s new business life premiums up in December

India’s new business life premiums up in December

Private life players posted 42% growth in premiums thanks to an increase in financial savings.

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Bharti Axa appoints Sanjeev Srinivasan as chief exec

Bharti Axa appoints Sanjeev Srinivasan as chief exec

The new CEO joined from ICICI Lombard in August 2016 as chief commercial and principal officer.

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Nan Shan Life takes over Chaoyang Life in Taiwan

Nan Shan Life takes over Chaoyang Life in Taiwan

The Taiwanese government is paying NT$200m to take over loss-making insurer before May this year.

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Hanwa Life Indonesia mulls IPO in 2019

Hanwa Life Indonesia mulls IPO in 2019

The IPO is part of an effort to meet the regulator’s 80% foreign ownership limit for insurers.

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Sony Life inks deal with Australia’s ClearView Wealth

Sony Life inks deal with Australia’s ClearView Wealth

The agreement will see the two companies sharing information to drive efficiency and growth.

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Premium income up 29% in China

Premium income up 29% in China

The country’s insurers earned US$449.4bn from premiums in 2016, according to CIRC.

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Aegon Life forecasts online insurance growth in India

Aegon Life forecasts online insurance growth in India

Buying insurance products in the country will soon be similar to booking a plane ticket online.

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China investigates PICC president Wang Yincheng

China investigates PICC president Wang Yincheng

Wang was reportedly taken away by authorities from the insurer’s Beijing headquarters last Monday.

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Tokio Marine tests blockchain-powered data policy

Tokio Marine tests blockchain-powered data policy

The new technology is being tested as a way to improve security in the marine insurance sector.

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Taiwan to create long-term healthcare agency

Taiwan to create long-term healthcare agency

The Ministry of Health and Welfare is planning to push forward the government’s long-term care program.

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New York Life unit buys stake in India’s Max Ventures

New York Life unit buys stake in India’s Max Ventures

The largest mutual life insurance company in the US has bought a 22.51% stake for US$17.7m.

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China releases medical reform plan

China releases medical reform plan

The government plan puts an emphasis on insurance reforms and improvements for the period 2016-2020.

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Auto market to drop 70% say Korean researchers

Auto market to drop 70% say Korean researchers

A study by the Korea Insurance Research Institute forecasts a steep decline in developed countries.

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Malaysian insurers ready payments for flood losses

Malaysian insurers ready payments for flood losses

The country’s insurers are prepared to meet claims as seasonal flooding has displaced thousands of people.

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Irina Fan, Swiss Re

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