Saturday, November 18, 2017

Legal/Regulatory

Taiwanese insurers hurt by China losses

Taiwanese insurers hurt by China losses

Shin Kong Life, Cathay Life and Taiwan Life are facing loss-to-investment ratios of 100%, 48% and 59%.

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Anbang resumes sale of high-yield products

Anbang resumes sale of high-yield products

Experts say government regulators must have extended a new lease on the group’s operations.

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IAG stalls Asia expansion to focus on home markets

IAG stalls Asia expansion to focus on home markets

Declining commercial and regulatory conditions have restrained opportunities for its expansion in the region.

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India’s National Insurance seeks IPO approval

India’s National Insurance seeks IPO approval

The state-owned general insurance company is seeking approval for an offering that could value the insurer at US$3.84bn.

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Allianz to sell part of life insurance business in Taiwan

Allianz to sell part of life insurance business in Taiwan

The German insurance group has agreed to sell a portfolio of 78,000 policies to China Life.

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Indian insurers told to run cyber security audits

Indian insurers told to run cyber security audits

The regulator has asked for immediate security audits after reports of cyber attacks targeting financial institutions.

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Markel launches fintech insurance in Singapore

Markel launches fintech insurance in Singapore

The policy offers comprehensive protection for businesses in the financial technology sector in Asia.

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Yunfeng’s MassMutual acquisition to take another year

Yunfeng’s MassMutual acquisition to take another year

It could take at least one year for the Chinese group to complete its US$1.7 billion acquisition.

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Honan Insurance to acquire Singapore-based NGA Benefits

Honan Insurance to acquire Singapore-based NGA Benefits

The Australian-owned and operated buyer is looking to add to its growing employee benefits business in South-East Asia.

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Insurers, tech firms to tackle risks from drones, driverless cars

Insurers, tech firms to tackle risks from drones, driverless cars

Various parties will meet at the World Economic Forum to manage the novel risks involved in new technologies.

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Tencent-backed insurance agency gets approval

Tencent-backed insurance agency gets approval

Weimin got the green light to begin operations from the China Insurance Regulatory Commission.

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Aviva exits Taiwan

Aviva exits Taiwan

The British-headquartered insurer has decided to sell its stake in a local joint venture with First Financial.

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Vietnam’s market keeps positive growth

Vietnam’s market keeps positive growth

Total premiums for the whole market in the January-September period were estimated to have increased 18% year-on-year.

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Five Chinese insurers barred from financing parent companies

Five Chinese insurers barred from financing parent companies

The move is part of a government effort to curb funding for some of the nation’s most aggressive asset acquirers.

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Philippine insurers told to beef up reserves

Philippine insurers told to beef up reserves

There remains a US$155m gap in reserves, or more than 60% of industry premiums and claims.

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Drastic changes ahead in China’s insurance sector

Drastic changes ahead in China’s insurance sector

The government plans to implement changes in policies, environment and technology, according to CIRC.

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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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China revises rules on securities insurance

China revises rules on securities insurance

A new regulation is in place starting Tuesday that will give insurance funds priority to subscribe to new shares offline.

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