Monday, February 27, 2017
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AIG sees uncertain future in ‘too big to fail’ tag

AIG sees uncertain future in ‘too big to fail’ tag

US regulations that consider non-bank financial institutions as too big to fail do not sit well with some insurers

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Chinese insurance group official faces probe

Chinese insurance group official faces probe

The vice-chairman and president of PICC is reported to be facing investigation over alleged serious disciplinary violations.

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India’s state-owned general insurers may merge

India’s state-owned general insurers may merge

Oriental, National and United India Insurance are likely to be merged to fetch stronger valuations.

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Thai life industry profits forecast to grow 6%

Thai life industry profits forecast to grow 6%

The Thai Life Assurance Association expects low interest rates to prompt a move into investment-linked products.

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Allianz signs deal with Asian football

Allianz signs deal with Asian football

Partnership with the Asian Football Confederation will provide exposure to a fan base across the region.

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Chinese regulator continues to warn of risky practices

Chinese regulator continues to warn of risky practices

CIRC has again reiterated its stance against use of insurance capital for market speculations.

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China welcomes first shipping captive insurance firm

China welcomes first shipping captive insurance firm

Cosco Shipping Captive Insurance has officially opened at the Shanghai Free Trade Zone.

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CIRC participating in new asset management rules

CIRC participating in new asset management rules

The insurance regulator has reportedly teamed up with the central bank and the country’s securities and banking regulators.

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Insurance initiatives among Apec agenda in Vietnam

Insurance initiatives among Apec agenda in Vietnam

Representatives from 21 economies acknowledged that Asia is among the areas most vulnerable to natural disasters.

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India’s life industry up 35.13% in January

India’s life industry up 35.13% in January

A high increase in group and individual single premium policies is pushing the sector’s growth.

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Insurtech startup Digital Fineprint enters Asia

Insurtech startup Digital Fineprint enters Asia

The company is one of just eight insurtech worldwide firms to take part in MetLife’s collab partnership.

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Korea’s insurers post net income decline in 2016

Korea’s insurers post net income decline in 2016

Results were dragged down by a lacklustre performance from life firms, according to FSS.

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Lloyd’s names new chairman

Lloyd’s names new chairman

Moneysupermarket chairman and former Marsh chief exec Bruce Carnegie-Brown will take on the role.

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MetLife pullout from Indian venture hits snag

MetLife pullout from Indian venture hits snag

Punjab National Bank’s decision to retain its 26% stake in the venture is complicating the process.

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New AIA investment centre opens in Singapore

New AIA investment centre opens in Singapore

The unit will provide better management of internal funds to improve delivery of returns to policyholders.

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Indian banks seek cover against cyber threat

Indian banks seek cover against cyber threat

The rising incidence of cyber attacks is prompting lenders to explore insurance solutions.

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Malaysia crafts new privacy rules for banks, insurers

Malaysia crafts new privacy rules for banks, insurers

The act aims to protect data privacy and security by laying down codes of conduct in specific industries.

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Panel of actuaries to examine new policies in India

Panel of actuaries to examine new policies in India

New products will soon need the approval of a panel of actuaries before they can go on sale.

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