Thursday, February 22, 2018

News

Air India seeks bidders for US$9bn fleet insurance

Air India seeks bidders for US$9bn fleet insurance

Indian state flag carrier was faced with a 15% rise in premiums last year.

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Bangladesh to appoint auditor to check spending of life insurers

Bangladesh to appoint auditor to check spending of life insurers

Majority of the country’s life insurers were in breach of their respective spending limits last year.

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TigerRisk enters China and names Houqin Zhu as Hong Kong head

TigerRisk enters China and names Houqin Zhu as Hong Kong head

Reinsurance broker marks it’s first presence in Asia with the hiring of former American Re and QBE Re veteran.

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Peak Re appoints head of Europe

Peak Re appoints head of Europe

The Hong Kong-based reinsurer will also open a Zurich office as it continues its expansion outside Asia.

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Hong Kong’s insurance gap forecast to balloon by 2020

Hong Kong’s insurance gap forecast to balloon by 2020

The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.

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Singapore to implement compulsory insurance scheme

Singapore to implement compulsory insurance scheme

Starting November 1, all citizens and permanent residents will be covered under the national lifelong insurance scheme.

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HSBC targets Asia growth by expanding insurance business

HSBC targets Asia growth by expanding insurance business

The bank has reiterated its strategy of expanding its Asian insurance business and boosting its Pearl River delta presence.

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Majority of Taiwanese adults favour raising health insurance fees

Majority of Taiwanese adults favour raising health insurance fees

Survey shows over 50% of Taiwanese in favour of paying more for their health insurance.

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Japan insurers seek 19% hike in earthquake premiums

Japan insurers seek 19% hike in earthquake premiums

The new increase could take effect by January 2017 but will be introduced in phases.

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Lloyd’s seeks license to operate in Malaysia

Lloyd’s seeks license to operate in Malaysia

World’s specialist insurance market said to be applying for an onshore reinsurance license to operate in Malaysia.

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Less than 20% of large firms globally have cyber insurance

Less than 20% of large firms globally have cyber insurance

Cyber market however, forecast to hit US$10bn by 2020 as more companies look to transfer cyber risks to insurance providers.

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Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko

Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko

Japanese insurer purchases minority stake in one of Sri Lanka’s oldest and largest business conglomerates.

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Taiwan issues OIU licenses to 14 insurance firms

Taiwan issues OIU licenses to 14 insurance firms

Licenses are part of Taiwan’s efforts to be seen as an asset management hub in the Asia-Pacific region.

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Prudential buys into Vietnam government bond

Prudential buys into Vietnam government bond

The British life insurer buys nearly half the Vnd7 trillion bonds on offer in the government’s debut 20-year issuance.

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Generali appoints head of Asia property underwriting

Generali appoints head of Asia property underwriting

Joe Venetico will develop and implement underwriting strategies in the new global corporate and commercial division.

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Dai-ichi Life expands in Vietnam

Dai-ichi Life expands in Vietnam

A new general office in Ho Chi Minh City brings the Japanese insurer’s Vietnamese presence to 142 sales and general agency offices.

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Zurich confirms interest in RSA Insurance

Zurich confirms interest in RSA Insurance

Swiss insurer evaluating a potential offer but stresses no assurances that any offer will be made.

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Alibaba Health and CPIC Allianz team up

Alibaba Health and CPIC Allianz team up

The two firms have signed an agreement that could set a new model for online health insurance services in China.

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Nina Klingspor, Allianz Global Corporate & Specialty

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