Monday, November 20, 2017

Hong Kong

AIA launches HK’s first blockchain-enabled bancassurance

AIA launches HK’s first blockchain-enabled bancassurance

The technology will cut the time it takes to process insurance applications while improving transparency.

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Asia drives Prudential’s new-business profit

Asia drives Prudential’s new-business profit

Higher sales volumes and a boost from higher interest rates have driven results so far this year.

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HK to collect levy from insurance policyholders

HK to collect levy from insurance policyholders

The Insurance Authority will start at 0.04% during the first phase and will gradually increase.

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Peak Re wins MAS authorisation

Peak Re wins MAS authorisation

The company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore.

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Willis Towers Watson hires North Asia P&C consulting lead

Willis Towers Watson hires North Asia P&C consulting lead

Evariste Yeung will head up property and casualty insurance consulting across the region.

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HK regulator keen to encourage insurtech

HK regulator keen to encourage insurtech

The Insurance Authority has called for innovations that will help to cut premiums paid by customers.

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Party committees to be revived in Chinese insurance JVs

Party committees to be revived in Chinese insurance JVs

The Communist Party is aiming to bring back the formerly inactive committees to extend its representation in business.

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AIA’s value of new business hits projections, grows 20%

AIA’s value of new business hits projections, grows 20%

The performance comes after robust growth in China that made up for slower sales through IFAs in Hong Kong.

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John Leung warns of ‘grey rhinos’

John Leung warns of ‘grey rhinos’

CEO of Hong Kong’s Insurance Authority warns the city’s industry that it faces challenges in 2018.

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AIG launches Hong Kong cyber products

AIG launches Hong Kong cyber products

The insurer is targeting cyber insurance growth as policy requests rise 87% following WannaCry and NotPetya cyber attacks.

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AIA, Bangkok Bank renew bancassurance deal

AIA, Bangkok Bank renew bancassurance deal

The Hong Kong-based insurer has extended its agreement with the Thai bank for a further 15 years.

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HK regulator to fast track online-only insurers

HK regulator to fast track online-only insurers

Companies applying to operate online-only insurance firms in Hong Kong can expect faster processing of their applications.

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Chubb appoints 5 global executives

Chubb appoints 5 global executives

Cunqiang Li has been named chief operating officer for Chubb Life, the firm’s international life insurance division.

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No IPO plans for Tata AIA Life

No IPO plans for Tata AIA Life

AIA’s chief executive officer and president Ng Keng Hooi revealed there was no need to raise fresh funds.

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DBS and Chubb ink 15-year regional distribution deal

DBS and Chubb ink 15-year regional distribution deal

The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.

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HK Insurance Authority, UK regulators sign fintech deal

HK Insurance Authority, UK regulators sign fintech deal

A recent cooperation agreement is seen to spur more fintech activities in the Asian territory.

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ZhongAn raises US$1.5bn in HK IPO

ZhongAn raises US$1.5bn in HK IPO

China’s first internet-only insurer priced its initial public offering at the top of the indicated range.

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Hong Kong explores blockchain bancassurance project

Hong Kong explores blockchain bancassurance project

China Construction Bank and IBM are aiming to streamline transaction processing and enhance service delivery.

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WINTER 2017

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