Wednesday, September 20, 2017

Life

China’s asset dilemma

China’s asset dilemma

The investment patterns of Chinese life companies such as Anbang continue to raise concerns.

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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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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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Foresea Life to set up Communist Party committee

Foresea Life to set up Communist Party committee

The move follows Xi Jinping’s call for the enhancing of Party leadership in financial operations.

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More growth in Malaysian insurance sector

More growth in Malaysian insurance sector

The sector is projected to post a high single-digit growth in new business premiums.

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Aviva to sell Friends Provident for US$443m

Aviva to sell Friends Provident for US$443m

It has agreed to sell the business to RL360 Holding Company, a unit of International Financial Group, to free up capital.

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Prudential Financial enters Indonesian life market

Prudential Financial enters Indonesian life market

The US-based insurer has bought a 49% stake in Asuransi Jiwa Mega Indonesia, a subsidiary of CT Corp.

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India’s HDFC Life shareholders push IPO plans

India’s HDFC Life shareholders push IPO plans

Standard Life is reportedly keen to move forward with the listing after the merger with Max Group’s is likely to be called off.

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Korea sees rise in sales of variable insurance policies

Korea sees rise in sales of variable insurance policies

Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.

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SBI Life’s IPO plan gets final board approval

SBI Life’s IPO plan gets final board approval

The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.

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Guaranteed to end badly?

Guaranteed to end badly?

Insurers in Asia are taking ever bigger risks to meet increasingly unrealistic guaranteed returns promised to policyholders.

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China drafts rules on endowment insurance

China drafts rules on endowment insurance

CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.

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Sale of SCB insurance unit to FWD halted

Sale of SCB insurance unit to FWD halted

What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.

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Premium growth defies weak economies

Premium growth defies weak economies

Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.

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Emerging Asia to drive premium growth

Emerging Asia to drive premium growth

Asian emerging markets will help global insurance premium growth accelerate to 5.9% during the coming decade.

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OCBC sells 33.3% stake in Hong Kong Life Insurance

OCBC sells 33.3% stake in Hong Kong Life Insurance

The sale to First Origin International yielded a return of around US$309m.

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CIRC crackdown hits universal life sales

CIRC crackdown hits universal life sales

Premiums are down 59% year-on-year on the back of an aggressive campaign to tame market players.

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SUMMER 2017

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From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers