Wednesday, September 20, 2017

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Taiwanese insurers face higher risks as forex holdings rise

Taiwanese insurers face higher risks as forex holdings rise

Local insurance firms have minimal margins to absorb unfavorable foreign fluctuations.

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Malaysia’s life insurance industry to grow up to 10% in 2015

Malaysia’s life insurance industry to grow up to 10% in 2015

Government has set a target of at least 75% of insurance coverage for Malaysians by 2020.

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Pakistan raises minimum capital requirements

Pakistan raises minimum capital requirements

According to the SECP, raising the minimum paid-up capital requirements for insurers is an attempt to strengthen the country’s insurance sector.

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Generali names Jack Howell as Asia head

Generali names Jack Howell as Asia head

Howell will be responsible for Generali’s activities in 10 Asian markets, succeeding Sergio Di Caro, who was been appointed head of Generali Employee Benefits.

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Japan starts cover for tankers carrying Iranian oil

Japan starts cover for tankers carrying Iranian oil

The threat of continued sanctions has prompted the Japanese government to provide insurance cover for local shipping companies bringing oil from Iran.

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Bangladesh allocates $200m to reform insurance sector

Bangladesh allocates $200m to reform insurance sector

The country’s insurance regulator is being tasked with modernising and professionalising the industry.

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AIG unloads $500m stake in China’s PICC

AIG unloads $500m stake in China’s PICC

America’s biggest commercial insurer cuts its stake in PICC Property & Casualty to 8.2% as it seeks to raise funds.

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Singapore launches insurance comparison site

Singapore launches insurance comparison site

A new web portal lets consumers compare premiums and features being offered by insurers in the Lion City.

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Great American to open in Singapore

Great American to open in Singapore

The Ohio-based insurer will open an office this summer after winning initial approval from Singapore’s regulator.

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HDI-Gerling names marine underwriting head

HDI-Gerling names marine underwriting head

The German insurer appoints Kai Brueggemann as head of its regional marine underwriting business.

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China’s insurance industry solvency remains stable

China’s insurance industry solvency remains stable

China’s insurance regulator says industry solvency is stable despite the impact of the second-generation solvency regime.

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Chinese insurers trial heavy equipment insurance

Chinese insurers trial heavy equipment insurance

Seven Chinese insurers have joined a pilot scheme to co-insure heavy equipment or high-technology.

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Asia insurance M&A growing at healthy pace

Asia insurance M&A growing at healthy pace

A report by Clyde & Co says M&A in Asia’s insurance industry is growing at a healthy pace.

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Cathay Life to acquire two troubled insurance firms for $966m

Cathay Life to acquire two troubled insurance firms for $966m

The Taiwanese insurer buys Global Life Insurance and Singfor Life Insurance through a public auction.

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MassMutual Asia to hire 1,000 in HK, Macau

MassMutual Asia to hire 1,000 in HK, Macau

Insurance firm MassMutual Asia is planning to hire about 1,000 people this year to raise the number of its financial consultants in the region to 3,500.

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ACE Group names Jeslyn Tan as regional head of agency

ACE Group names Jeslyn Tan as regional head of agency

ACE Group has hired Jeslyn Tan to fill the newly-created role of regional head of agency for Asia Pacific.

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Bright outlook for Asia trade credit

Bright outlook for Asia trade credit

ICISA says Asia will be a top area for growth for the trade credit insurance industry this year and next.

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Chinese insurers invest $4.79b in nursing homes

Chinese insurers invest $4.79b in nursing homes

Encouraged by central government, eight insurers are building nursing homes across China.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers