Tuesday, January 23, 2018

Legal/Regulatory

China urges insurance for belt-and-road initiative

China urges insurance for belt-and-road initiative

Companies undertaking projects under the initiative are being told to take advantage of insurance to minimise risks.

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Honan Insurance gets MAS nod to acquire NGA Benefits

Honan Insurance gets MAS nod to acquire NGA Benefits

The Australian-owned insurance broking company said the acquisition is part of its continuing investment in South-East Asia.

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Chinese crackdown on insurers intensifies

Chinese crackdown on insurers intensifies

The China Insurance Regulatory Commission is aiming to stiffen regulation of insurers’ shareholders.

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Ping An premium income surges 33.4% in 2017

Ping An premium income surges 33.4% in 2017

Individual business growth fuelled the rise in the accumulated gross premium income of the life insurance business.

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Zurich officially pulls out of Taiwan

Zurich officially pulls out of Taiwan

The Switzerland-based insurer has dissolved its local life insurance business after selling to Hotai Motor Co in 2016.

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IBM awaits Indian regulatory approval on insurance blockchain

IBM awaits Indian regulatory approval on insurance blockchain

The company is hoping to win regulatory approval to deploy the technology for general insurers in India.

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Chinese insurers’ premium income up nearly 20%

Chinese insurers’ premium income up nearly 20%

The strong figures were achieved despite the authorities’ tightened regulation of the sector.

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China’s first tech insurer set for launch

China’s first tech insurer set for launch

Taiping Technology Insurance will be the first insurer to focus on the country’s technology sector.

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Great Eastern may shed stake in Malaysian operations

Great Eastern may shed stake in Malaysian operations

The insurer is reported to be in talks with Malaysian banks regarding the possible sale.

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Singapore Life to buy Zurich Life Singapore portfolio

Singapore Life to buy Zurich Life Singapore portfolio

All policies are expected to be completely transferred during the first half of the year.

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Edelweiss wins India non-life licence

Edelweiss wins India non-life licence

The group is set to become the country’s 33rd non-life company after Irdai approval secured.

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Korea doubles number of insurance patents

Korea doubles number of insurance patents

The increase is credited in part to the implementation of IFRS17, which has helped to drive innovation.

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AIMA, IAMAC sign insurance collaboration agreement

AIMA, IAMAC sign insurance collaboration agreement

Among the areas being looked at for collaboration are educational programmes and joint events.

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Taiwan insurers urged to invest more in infrastructure projects

Taiwan insurers urged to invest more in infrastructure projects

The message is part of efforts to increase private investment in government-led projects

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AIR Worldwide partners with PICC Re

AIR Worldwide partners with PICC Re

The Chinese reinsurance arm of PICC has already received regulatory approval for the partnership.

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Malaysia, Thailand sign insurance deal

Malaysia, Thailand sign insurance deal

Bank Negara Malaysia and Thailand’s Office of Insurance Commission have signed an MoU.

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India to revise insurance fund rules

India to revise insurance fund rules

Irdai is looking to keep up with changes in the market and the economic landscape in the country.

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Low-rated insurers to face curbs in China

Low-rated insurers to face curbs in China

Affected companies will face restrictions from the regulator, the official Xinhua news agency reports.

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