Tuesday, September 26, 2017

Legal/Regulatory

India approves two digital insurers

India approves two digital insurers

Acko and Digit Insurance are relying on their technology platforms to differentiate from traditional insurers.

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China’s former insurance regulator faces charges

China’s former insurance regulator faces charges

Xiang Junbo is set to be charged after the corruption case against him has been handed over to prosecutors.

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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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Debt-to-equity swaps open to Chinese insurers

Debt-to-equity swaps open to Chinese insurers

Insurance funds may soon be granted permission to join in debt-to-equity swaps of distressed firms.

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Foreign insurers rush to meet Malaysia ownership cap

Foreign insurers rush to meet Malaysia ownership cap

Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.

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Malaysia’s central bank approves AXA Affin share sale

Malaysia’s central bank approves AXA Affin share sale

Affin Holdings has been given the green light to acquire a 7.07% equity interest in AXA Affin General Insurance.

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China to heighten insurance scrutiny

China to heighten insurance scrutiny

Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.

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Chinese life firms urged to diversify products

Chinese life firms urged to diversify products

A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.

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India’s life insurers record 23% growth in first-year premium

India’s life insurers record 23% growth in first-year premium

The state-run Life Insurance Corporation remained the leader among the country’s life insurers.

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At least 20 bidders eye AXA wealth unit in HK

At least 20 bidders eye AXA wealth unit in HK

China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.

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Ant Financial’s agri insurance JV gets green light

Ant Financial’s agri insurance JV gets green light

China’s insurance regulator has given the go-signal for a joint venture with China United Insurance to begin operations.

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Singapore bond issuers urged to take up insurance

Singapore bond issuers urged to take up insurance

Such policies would pay for the costs of calling for meetings and legal and financial advisory fees.

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Indian general insurance premiums up 32%

Indian general insurance premiums up 32%

Private insurers ICICI Lombard General Insurance and Bajaj Allianz General Insurance led the growth.

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Cambodia sees life insurance rush

Cambodia sees life insurance rush

More than US$1bn worth of life premiums were issued in the first half of the year.

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Vietnam premiums up 22%

Vietnam premiums up 22%

Collections grew 22% during the first eight months of this year to about Vnd65.56tr (US$2.89bn).

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Listed Chinese insurers to benefit from risk crackdown

Listed Chinese insurers to benefit from risk crackdown

Efforts to contain the sale of risky short-term life insurance policies won’t seriously affect the country’s major insurers.

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Higher profits for Malaysia’s insurance, takaful firms

Higher profits for Malaysia’s insurance, takaful firms

Traditional and Islamic insurers in the country are beginning to see a silver lining after a period of dreary results.

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Foreign insurers get access to wider market in China

Foreign insurers get access to wider market in China

CIRC says the government will open the local health, disaster and pension insurance markets.

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