Thursday, February 22, 2018

Philippines

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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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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Nina Klingspor, Allianz Global Corporate & Specialty

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