Wednesday, September 20, 2017

Philippines

BDO Unibank acquires Generali Pilipinas Holdings

BDO Unibank acquires Generali Pilipinas Holdings

Acquisition part of the bank’s strategy to diversify into the life insurance business.

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Philippine court stops paid-up capital rate hike order for insurers

Philippine court stops paid-up capital rate hike order for insurers

An adverse effect on the business climate is sufficient basis for an injunction, The Court of Appeals.

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Philippine insurers push for lower taxes on non-life insurance

Philippine insurers push for lower taxes on non-life insurance

5.5% tax on non-life insurance premiums sought.

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Samsung Life Insurance eyes acquisition in the Philippines

Samsung Life Insurance eyes acquisition in the Philippines

Growing economy, low insurance penetration rate, and large population seen as factors.

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Insurance penetration in the Philippines at 1.2%

Insurance penetration in the Philippines at 1.2%

Findings taken from a survey commissioned by Sun Life of Canada (Philippines).

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EastWest Bank and Ageas form Philippines joint venture

EastWest Bank and Ageas form Philippines joint venture

EastWest Ageas Life, a US$65m life insurance firm set to build bancassurance business in the Philippines.

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Manulife to open 18 branches in the Philippines, eyes raising market share

Manulife to open 18 branches in the Philippines, eyes raising market share

10 branches to be opened this year and a further eight scheduled in 2016.

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Maybank Ageas seeks to acquire insurance firms in Indonesia, Philippines

Maybank Ageas seeks to acquire insurance firms in Indonesia, Philippines

Discussions have been taking place with a number of parties for possible acquisitions.

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Global experts to discuss disaster insurance coverage

Global experts to discuss disaster insurance coverage

APEC meeting also looks at strategies to widen the penetration of micro-insurance products.

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Philippine nonlife insurance industry’s net income rises in 2014

Philippine nonlife insurance industry’s net income rises in 2014

A decline in frequency and severity of natural calamities attributed.

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Philippine National Bank seeks US$500m in sale of life insurance stake

Philippine National Bank seeks US$500m in sale of life insurance stake

Possible investors could come from Japan and Taiwan.

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Taiwan’s Cathay Financial enters Philippine banking sector

Taiwan’s Cathay Financial enters Philippine banking sector

Cathay Life Insurance Corp acquires 20% stake in Rizal Commercial Banking Corp for Php7.95bn (US$179m).

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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