Wednesday, January 17, 2018

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Ping An premium income surges 33.4% in 2017

Ping An premium income surges 33.4% in 2017

Individual business growth fuelled the rise in the accumulated gross premium income of the life insurance business.

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JLT Re names new CEO for APAC

JLT Re names new CEO for APAC

Jeremy Fox will also become a member of the Reinsurance Global Executive Committee.

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Chubb names new Singapore bancassurance head

Chubb names new Singapore bancassurance head

Koh Wei Lee’s appointment is in addition to his current role as division head of accident and health.

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Zurich officially pulls out of Taiwan

Zurich officially pulls out of Taiwan

The Switzerland-based insurer has dissolved its local life insurance business after selling to Hotai Motor Co in 2016.

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Ergo, Manulife in talks to buy stake in IndiaFirst Life

Ergo, Manulife in talks to buy stake in IndiaFirst Life

The potential buyers are eyeing the stake owned by the UK’s Legal & General Group, which is up for sale.

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Fintech start-up Jirnexu banks on insurance as growth driver

Fintech start-up Jirnexu banks on insurance as growth driver

The South-East Asian financial technology startup has said that insurance will account for up to 30% of its growth.

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IBM awaits Indian regulatory approval on insurance blockchain

IBM awaits Indian regulatory approval on insurance blockchain

The company is hoping to win regulatory approval to deploy the technology for general insurers in India.

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CBA eyes selling stake in Indonesian venture

CBA eyes selling stake in Indonesian venture

The sale of a majority stake in Commonwealth Life could value the insurer at up to US$250m.

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Hong Leong MSIG Takaful appoints new CEO

Hong Leong MSIG Takaful appoints new CEO

The Malaysian takaful firm has named Modh Asri Omar as its new chief executive officer.

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Siam Commercial, Prudential sign bancassurance deal

Siam Commercial, Prudential sign bancassurance deal

The new partnership will target wealthy clients at the Thai bank, which is the country’s second-biggest.

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Takaful outpaces conventional insurance in Malaysia

Takaful outpaces conventional insurance in Malaysia

Family and general takaful in the country grew by 7.5% and 5.9%, respectively, in the first half of 2017.

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Chinese insurers’ premium income up nearly 20%

Chinese insurers’ premium income up nearly 20%

The strong figures were achieved despite the authorities’ tightened regulation of the sector.

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Rise in M&A deals will fuel insurance demand in 2018

Rise in M&A deals will fuel insurance demand in 2018

The value of deals is expected to exceed US$3tr this year, according to XL Catlin’s head of M&A.

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China’s first tech insurer set for launch

China’s first tech insurer set for launch

Taiping Technology Insurance will be the first insurer to focus on the country’s technology sector.

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Axis Bank seeks to acquire insurance firm

Axis Bank seeks to acquire insurance firm

The third-largest private-sector bank in India is exploring opportunities in the fast-growing life sector.

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Great Eastern may shed stake in Malaysian operations

Great Eastern may shed stake in Malaysian operations

The insurer is reported to be in talks with Malaysian banks regarding the possible sale.

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Pru Life inks bancassurance deal with Philippine bank

Pru Life inks bancassurance deal with Philippine bank

The three-year partnership with Robinsons Bank will initially focus on traditional or basic products.

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Japan insurers shift to longevity plans

Japan insurers shift to longevity plans

As the elderly population grows, companies are offering plans that accept customers up to 90 years of age.

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