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Diversification, innovation key to growth, says Swiss Re

Diversification, innovation key to growth, says Swiss Re

Industry players in Asia may find opportunities in the market’s low penetration rate and diversification strategies.

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MAA boosts stake in Philippines general insurer

MAA boosts stake in Philippines general insurer

MAA General Assurance Philippines will soon become a subsidiary firm of MAA Group.

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KPMG adds three actuarial partners in Hong Kong

KPMG adds three actuarial partners in Hong Kong

Paul Melody and Marco Warmelink join from Willis Towers Watson, while Michael van Vuuren joins from EY in London.

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Liberty Mutual agrees to acquire Ironshore for US$3b

Liberty Mutual agrees to acquire Ironshore for US$3b

The specialty insurer is being sold by Chinese conglomerate Fosun, which had been considering an IPO.

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Stable outlook for Japanese life industry, says Moody’s

Stable outlook for Japanese life industry, says Moody’s

After a protracted period of low interest rates, the ratings has agency changed its outlook from negative to stable.

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SCOR veteran to head PartnerRe life & health business

SCOR veteran to head PartnerRe life & health business

Marc Archambault, previously CEO of Asia-Pacific for SCOR Global Life, will be replaced by Craig Ford.

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US private equity joins race to acquire SBI Life

US private equity joins race to acquire SBI Life

Blackstone, KKR and Bain are now competing with GIC and Canada Pension Plan Investment Board in the bidding.

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Cyber premiums to triple by 2020

Cyber premiums to triple by 2020

Growth expected as the EU imposes new rules that will promote protection of data starting 2018.

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Singapore’s health ministry explains MediShield disparity

Singapore’s health ministry explains MediShield disparity

Relatively large premiums are expected to cover claims that recur and stretch to the future.

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Indonesia’s Jiwasraya eyes capturing younger market

Indonesia’s Jiwasraya eyes capturing younger market

The government-owned insurer looks to tap the younger market in its plan of digitalising its distribution and sales.

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Mainlanders’ spending on HK insurance doubles

Mainlanders’ spending on HK insurance doubles

A total of US$6.3b was spent on Hong Kong insurance products during the first nine months of the year.

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Aetna to establish innovation hub for Asia

Aetna to establish innovation hub for Asia

Based in Singapore, the hub will develop tailored healthcare solutions for local markets across the region.

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Digital sales will usurp insurance agents, says Aviva CEO

Digital sales will usurp insurance agents, says Aviva CEO

Agents are going to lose their relevance as insurers turn to digital platforms in generating revenues.

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Reinsurers still optimistic in challenging market

Reinsurers still optimistic in challenging market

Despite the ongoing softening global reinsurance market cycle, some industry leaders remain upbeat.

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Japan’s employment insurance premiums to hit record low

Japan’s employment insurance premiums to hit record low

The government is bent on cutting premiums to spur personal consumption and corporate spending.

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Japan’s quake cover remains low

Japan’s quake cover remains low

Penetration rates remain surprisingly low despite being one of the most seismically active countries in the world.

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Willis Re names James Kent as global deputy CEO

Willis Re names James Kent as global deputy CEO

He had previously served as co-president of Willis Re and president of the North American business.

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Indian premiums to hit US$378bn by 2020

Indian premiums to hit US$378bn by 2020

The projected growth will come on the back of an equally significant rise in the number of intermediaries.

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Irina Fan, Swiss Re

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