Wednesday, September 20, 2017

Legal/Regulatory

Premiums of India’s non-life insurers up 9%

Premiums of India’s non-life insurers up 9%

The total surged to Rs97.91 billion (US$1.52 billion) in July, according to data from the insurance regulator released recently.

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Samsung Life posts 26% profit growth

Samsung Life posts 26% profit growth

The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.

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Irdai cautions startups backed by PE firms

Irdai cautions startups backed by PE firms

The regulator has warned that private equity firms need to show proof that they will provide long-term support.

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Asian insurance M&A slumps by 40%

Asian insurance M&A slumps by 40%

The decline is largely due to more stringent capital controls implemented in China, according to a study by Clyde & Co.

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Indian regulator surveys insurers on telematics

Indian regulator surveys insurers on telematics

Irdai is seeking a better understanding of how product design and pricing should work for mass adoption of telematics.

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New products needed to close protection gap, says MAS

New products needed to close protection gap, says MAS

New ideas are required to reduce the financial impact of natural disasters in Asia, says Singapore regulator.

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China insurers’ profits up 10% in H1

China insurers’ profits up 10% in H1

Industry players raked in Rmb116.1bn during the first six months of the year.

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Bright future for Malaysia’s general takaful sector

Bright future for Malaysia’s general takaful sector

The industry is forecast to take up a 20% market share in the country’s insurance sector by 2020.

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JLT joins HKMA’s infrastructure financing facilitation office

JLT joins HKMA’s infrastructure financing facilitation office

The partnership will aim to capitalise on China’s Belt and Road initiative to promote connectivity and long-term development.

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AmCham Myanmar seeks continued insurance reforms

AmCham Myanmar seeks continued insurance reforms

The American Chamber of Commerce in Myanmar has urged regulators to allow market access to foreign insurers.

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Hong Kong official wants insurers to share information

Hong Kong official wants insurers to share information

The call is aimed at addressing the challenge posed by the increasing number of fraud cases in the industry.

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China tells Anbang to sell overseas assets

China tells Anbang to sell overseas assets

The company has been urged to channel its overseas investments back to China and dispose of its offshore assets.

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HDFC Standard, Max Life call off proposed merger

HDFC Standard, Max Life call off proposed merger

Failing to secure regulatory approval in India, the two companies have cancelled their merger plans.

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Sahara Life to take regulator’s order to court

Sahara Life to take regulator’s order to court

The Indian group is resisting the regulator’s order to transfer its life business to ICICI Prudential.

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Indian insurers post 35% premium growth

Indian insurers post 35% premium growth

Impressive results were driven by the strong performance of health, motor and fire insurance.

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AIA results boosted by HK and China

AIA results boosted by HK and China

The strong results are the first to be reported under new group CEO Ng Keng Hooi.

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China to boost oversight on insurers’ ALM

China to boost oversight on insurers’ ALM

Asset liability management practices will be the next area to face stricter supervision.

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ICICI Pru in final stages of Sahara India Life takeover

ICICI Pru in final stages of Sahara India Life takeover

The two companies are in the final rounds of discussions, with completion expected soon.

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