Wednesday, September 20, 2017

China

Ping An to invest $1bn in tech R&D

Ping An to invest $1bn in tech R&D

The group will invest more on tech research and development this year, particularly in the field of artificial intelligence.

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Asia suffers US$10bn catastrophe losses in six weeks

Asia suffers US$10bn catastrophe losses in six weeks

The losses were recorded in July alone due to severe flooding, a catastrophe report from Aon says.

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Asian insurance M&A slumps by 40%

Asian insurance M&A slumps by 40%

The decline is largely due to more stringent capital controls implemented in China, according to a study by Clyde & Co.

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China’s asset dilemma

China’s asset dilemma

The investment patterns of Chinese life companies such as Anbang continue to raise concerns.

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China insurers’ profits up 10% in H1

China insurers’ profits up 10% in H1

Industry players raked in Rmb116.1bn during the first six months of the year.

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China tells Anbang to sell overseas assets

China tells Anbang to sell overseas assets

The company has been urged to channel its overseas investments back to China and dispose of its offshore assets.

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AIA results boosted by HK and China

AIA results boosted by HK and China

The strong results are the first to be reported under new group CEO Ng Keng Hooi.

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China to boost oversight on insurers’ ALM

China to boost oversight on insurers’ ALM

Asset liability management practices will be the next area to face stricter supervision.

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China continues to rein in financial risks

China continues to rein in financial risks

Insurers in the country are now barred from offering credit products to companies for financing.

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Foresea Life to set up Communist Party committee

Foresea Life to set up Communist Party committee

The move follows Xi Jinping’s call for the enhancing of Party leadership in financial operations.

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Chinese insurers advised to divest non-core assets

Chinese insurers advised to divest non-core assets

An official from the the China Insurance Regulatory Commission has cautioned against a wide range of risks facing the industry.

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Ping An eyes fintech, healthcare assets abroad

Ping An eyes fintech, healthcare assets abroad

China’s largest insurer by market value is on the hunt for assets in the US, Israel and Singapore.

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China considers experienced graft-buster for top CIRC post

China considers experienced graft-buster for top CIRC post

China is likely to name Yang Xiaochao, secretary general of the Central Commission for Discipline, to oversee the industry.

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Swiss Re and Ping An combine to launch typhoon solution

Swiss Re and Ping An combine to launch typhoon solution

The two companies have launched China’s first mobile-enabled typhoon property parametric insurance solution.

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China overtakes Japan

China overtakes Japan

The outlook for Asia’s insurance markets is varied, as China becomes the world’s second-biggest premium pot.

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China drafts rules on endowment insurance

China drafts rules on endowment insurance

CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.

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Premium growth defies weak economies

Premium growth defies weak economies

Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.

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China to develop commercial pension insurance

China to develop commercial pension insurance

The government will fast-track the development of the new system, according to a State Council guideline.

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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