Wednesday, September 20, 2017

Legal/Regulatory

Premiums up 21% in Cambodia

Premiums up 21% in Cambodia

Total gross premiums surged to US$68m during the first half of the year, driven by the life sector.

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Chinese premium income growth slows

Chinese premium income growth slows

Total premium income grew at 21.3% through July, compared to more than 35% in the same period last year.

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Chinese ministries cooperate to discipline insurers

Chinese ministries cooperate to discipline insurers

Insurers found violating rules will be restricted from establishing banking, securities and insurance subsidiaries.

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Investment income lifts China Life profits

Investment income lifts China Life profits

Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.

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China Life, Baidu to raise US$1bn for tech investments

China Life, Baidu to raise US$1bn for tech investments

The two companies will partner in a private equity fund targeting middle to later stage companies.

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Philippine brokerage activities show modest hike

Philippine brokerage activities show modest hike

Premium income reached US$994m in 2016, representing an increase of 2.46% from 2015.

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Anbang Life’s credit rating lowered

Anbang Life’s credit rating lowered

A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.

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Tokio Marine & Nichido Fire enters Cambodian market

Tokio Marine & Nichido Fire enters Cambodian market

The Japanese insurer has established a representative office in the capital Phnom Penh and will start operations year end.

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Lazada, AIG forge online cover deal in Malaysia

Lazada, AIG forge online cover deal in Malaysia

South-East Asia’s biggest e-commerce platform has teamed up with AIG to sell insurance on its platform.

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Philippines social security seeks private insurers

Philippines social security seeks private insurers

The state-run programme is planning to tap private companies to insure 35 million of its members.

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Malaysia urged to regulate healthcare fees

Malaysia urged to regulate healthcare fees

Authorities have called on industry players to address the issue of escalating inflation of medical insurance.

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Philippine insurers to submit regular reports to IMF

Philippine insurers to submit regular reports to IMF

The submissions are intended to enhance data transparency and promote sound statistical systems.

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Ping An registers best half-year profit in a decade

Ping An registers best half-year profit in a decade

The results were driven by strong growth in life premiums and came despite a government crackdown on the industry.

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Cigna raises stake in India JV

Cigna raises stake in India JV

An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.

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Foreign insurers in Malaysia pressured to trim shareholdings

Foreign insurers in Malaysia pressured to trim shareholdings

Four companies have until the end of this month to reduce their holdings and divest to local partners in line with new regulations.

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Harness captives responsibly, says Bank Negara governor

Harness captives responsibly, says Bank Negara governor

Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.

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Korean insurers post 28.3% profit rise

Korean insurers post 28.3% profit rise

Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.

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Philippines tests parametric scheme for disaster-prone provinces

Philippines tests parametric scheme for disaster-prone provinces

The government has allocated US$20m to a pilot project that will offer quick-disbursing payouts based on a catastrophe model.

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