Friday, January 19, 2018

Legal/Regulatory

PineBridge to launch retakaful firm in Dubai

PineBridge to launch retakaful firm in Dubai

Sources say the firm is currently in discussions with regulators in Dubai over licensing.

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China warns of strange stock price insurance product

China warns of strange stock price insurance product

The online insurance product claims to provide protection against stock price volatility.

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Islamic insurers in UAE eye mergers

Islamic insurers in UAE eye mergers

Tough new regulations, combined with financial losses and stiff competition in the UAE, are pushing insurance providers to consider mergers.

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Taiwan government to takeover underperforming insurers

Taiwan government to takeover underperforming insurers

Insurers with a risk-based capital ratio of less than 50% may be acquired.

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Sri Lanka’s insurance board names new director

Sri Lanka’s insurance board names new director

Asanga joins IBSL having served in the government sector for the last decade.

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Thai regulators urged to promote ULIPs

Thai regulators urged to promote ULIPs

Introduced to the market in 2009, ULIPs are expected to play a vital role despite the challenges.

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Thailand to cut deposit insurance coverage in August

Thailand to cut deposit insurance coverage in August

Reduction prompts investors to the bond market.

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ASEAN integration to benefit industry

ASEAN integration to benefit industry

Report says insurers able to build a commercial presence and sell products on a more regional basis.

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Fubon considering cross-strait cooperation with Ping An

Fubon considering cross-strait cooperation with Ping An

Policyholders would be able to settle a claim at more than 700 China Ping An service counters should they have an accident in China.

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Myanmar sets rules for foreign insurance firms in economic zones

Myanmar sets rules for foreign insurance firms in economic zones

Foreign insurance companies required to pay a license fee to be allowed to operate in the country’s special zones.

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US eases collateral requirements for Japanese reinsurers

US eases collateral requirements for Japanese reinsurers

Reinsurers licensed and domiciled in Japan can now operate in the US with reduced levels of collateral.

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Islamic insurance leaders to meet in Dubai to discuss challenges

Islamic insurance leaders to meet in Dubai to discuss challenges

Takaful industry facing a number of challenges as well as increasing appetite for shariah-compliant products.

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Pakistan raises minimum capital requirements

Pakistan raises minimum capital requirements

According to the SECP, raising the minimum paid-up capital requirements for insurers is an attempt to strengthen the country’s insurance sector.

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Singapore launches insurance comparison site

Singapore launches insurance comparison site

A new web portal lets consumers compare premiums and features being offered by insurers in the Lion City.

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China’s insurance industry solvency remains stable

China’s insurance industry solvency remains stable

China’s insurance regulator says industry solvency is stable despite the impact of the second-generation solvency regime.

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Bright outlook for Asia trade credit

Bright outlook for Asia trade credit

ICISA says Asia will be a top area for growth for the trade credit insurance industry this year and next.

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HK doctors claim new health insurance scheme financially unsustainable

HK doctors claim new health insurance scheme financially unsustainable

The scheme aims to encourage Hong Kong residents to buy health insurance and switch to private doctors.

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Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japanese life insurance giant had shown interest in raising its stake from 26% to 49% before the bill was passed.

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