Wednesday, May 23, 2018

Philippines

Philippine bank gets nod to invest in insurance JV

Philippine bank gets nod to invest in insurance JV

Bangko Sentral ng Pilipinas has approved the life JV between East West Bank and Ageas.

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Gadgets won’t help insurers’ bottom lines, says Pru

Gadgets won’t help insurers’ bottom lines, says Pru

Smart devices could lead to the decline of conventional risk pools as preventable accidents drop.

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Manulife to expand Philippines branch presence

Manulife to expand Philippines branch presence

The insurer will increase the number of branches to a total of 50, up from the current 37.

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Indonesian regulator revokes licence of MAA General

Indonesian regulator revokes licence of MAA General

Its Indonesian operation licence has been revoked with effect from September 3 2015.

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Philippine insurance industry to rise up to 30% this year

Philippine insurance industry to rise up to 30% this year

Rising incomes among Filipinos will trigger the growth of the industry this year, says Sun Life.

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Samsung Life seeks to enter Philippine insurance market

Samsung Life seeks to enter Philippine insurance market

The Korean insurer is reportedly in talks with PNB, alongside several other foreign life insurers.

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Philippine insurers favour mandatory earthquake insurance

Philippine insurers favour mandatory earthquake insurance

Insurers have submitted a proposal on compulsory earthquake insurance to the finance secretary.

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Philippines targets 3% insurance penetration by 2019

Philippines targets 3% insurance penetration by 2019

However, the rate in the first six months of the year was only 1.84%, far below the 3% target.

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Asia is home to the world’s riskiest cities

Asia is home to the world’s riskiest cities

The region’s cities face diverse threats, ranging from storms and earthquakes to market crashes and pandemics.

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AXA ups bancassurance numbers in the Philippines

AXA ups bancassurance numbers in the Philippines

AXA Philippines is confident of fielding a total of 100 financial specialists by the end of this year.

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Philippines life industry ranks second for ASEAN preparedness

Philippines life industry ranks second for ASEAN preparedness

Singapore came top in Milliman’s ASEAN Liberalisation Index.

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Foreign insurers court PNB bancassurance deal

Foreign insurers court PNB bancassurance deal

At least six foreign insurers are pursuing Philippine National Bank for a bancassurance joint venture.

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PhilNaRe to expand life and health business

PhilNaRe to expand life and health business

Expansion in life and health follows PhilNaRe rise in market share to one-fifth last year.

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Philippine insurers likely to hit US$4.4bn sales target

Philippine insurers likely to hit US$4.4bn sales target

Sales growth likely to come from the country’s non-life insurance sector, according to PhilNaRe.

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ACE Group names new country head for the Philippines

ACE Group names new country head for the Philippines

Peter van Ratingen replaces Daniel Daly at property and casualty giant.

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Philippine life insurance market smallest in Asean 5

Philippine life insurance market smallest in Asean 5

Country’s insurance market amounts to just US$3.8bn in premium earnings despite having second largest population among the Asean 5.

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Philippine deposit insurer to auction 126 bank assets

Philippine deposit insurer to auction 126 bank assets

The PDIC is soliciting sealed bids for 126 properties owned by closed banks nationwide.

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Philippine lawmakers urged to pass national flood insurance bill

Philippine lawmakers urged to pass national flood insurance bill

Bill aims to augment state-funded disaster assistance.

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Shoaib Hussain, Milliman

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