Monday, January 22, 2018

Life

HK’s FTLife Insurance names new CEO

HK’s FTLife Insurance names new CEO

Gerard Yang, who joined FTLife in 2016, previously worked for MetLife and takes on the chief executive role.

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Ping An premium income surges 33.4% in 2017

Ping An premium income surges 33.4% in 2017

Individual business growth fuelled the rise in the accumulated gross premium income of the life insurance business.

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Zurich officially pulls out of Taiwan

Zurich officially pulls out of Taiwan

The Switzerland-based insurer has dissolved its local life insurance business after selling to Hotai Motor Co in 2016.

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Ergo, Manulife in talks to buy stake in IndiaFirst Life

Ergo, Manulife in talks to buy stake in IndiaFirst Life

The potential buyers are eyeing the stake owned by the UK’s Legal & General Group, which is up for sale.

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Singapore Life buys Zurich portfolio

Singapore Life buys Zurich portfolio

The city’s newest insurer has gone from fintech startup to significant player.

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Pru Life inks bancassurance deal with Philippine bank

Pru Life inks bancassurance deal with Philippine bank

The three-year partnership with Robinsons Bank will initially focus on traditional or basic products.

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Ping An value hits US$101bn in 2017

Ping An value hits US$101bn in 2017

The stock of Ping An Insurance Group Co continues to soar, despite the lack of hype that insurers have as compared with tech companies.

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Singapore Life to buy Zurich Life Singapore portfolio

Singapore Life to buy Zurich Life Singapore portfolio

All policies are expected to be completely transferred during the first half of the year.

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Aegon to sell part of life reinsurance unit to Scor

Aegon to sell part of life reinsurance unit to Scor

The deal is part of its strategic goal of reducing the amount of capital allocated to run-off businesses.

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Life premiums in China to climb 15%

Life premiums in China to climb 15%

Increasing household income and growing awareness of risk management are driving interest in coverage.

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Aviva-Cofco launches big data collaboration with Tencent

Aviva-Cofco launches big data collaboration with Tencent

The project will focus on combating financial fraud, developing AI and improving risk management.

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Singapore life insurers maintain healthy reserve ratios

Singapore life insurers maintain healthy reserve ratios

The bullish outlook in global markets provided impetus and hopes are high for further improvement in 2018.

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Manulife ties up with Agricultural Bank of China

Manulife ties up with Agricultural Bank of China

The agreement indicates that they will explore financial solution distribution opportunities in the country.

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India’s life market expecting stronger growth

India’s life market expecting stronger growth

Low penetration and the rising share of financial assets in household savings is driving premiums.

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Philippine firms continue net income growth

Philippine firms continue net income growth

A rise in underwriting and investment income helped drive the robust third-quarter performance.

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Ping An life insurance premium income up 34%

Ping An life insurance premium income up 34%

Increased sales of individual policies have helped to spur growth for China’s second-biggest insurer.

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Zurich agrees to buy ANZ life insurance arm for US$2.1bn

Zurich agrees to buy ANZ life insurance arm for US$2.1bn

The Swiss insurer will become the biggest insurance company in the country after the deal.

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Life insurers’ new premiums up 6% in India

Life insurers’ new premiums up 6% in India

LIC still led the pack, but total new premium collected by all private insurers grew 32%.

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