Thursday, February 22, 2018

Life

Singapore life insurers post 3% sales rise in H1

Singapore life insurers post 3% sales rise in H1

Lion City sees slim growth in both single premium and regular premium business.

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MetLife names Cindy Tang Asia communications head

MetLife names Cindy Tang Asia communications head

Tang starts her new role on August 20, based in MetLife’s Asia region office in Hong Kong.

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Bangladesh to appoint auditor to check spending of life insurers

Bangladesh to appoint auditor to check spending of life insurers

Majority of the country’s life insurers were in breach of their respective spending limits last year.

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Hong Kong’s insurance gap forecast to balloon by 2020

Hong Kong’s insurance gap forecast to balloon by 2020

The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.

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Singapore to implement compulsory insurance scheme

Singapore to implement compulsory insurance scheme

Starting November 1, all citizens and permanent residents will be covered under the national lifelong insurance scheme.

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Prudential buys into Vietnam government bond

Prudential buys into Vietnam government bond

The British life insurer buys nearly half the Vnd7 trillion bonds on offer in the government’s debut 20-year issuance.

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Dai-ichi Life expands in Vietnam

Dai-ichi Life expands in Vietnam

A new general office in Ho Chi Minh City brings the Japanese insurer’s Vietnamese presence to 142 sales and general agency offices.

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Japan’s Meiji Yasuda acquires StanCorp for US$5bn

Japan’s Meiji Yasuda acquires StanCorp for US$5bn

Japanese insurer agrees to acquire all outstanding shares for US$115 per share in cash.

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PhilNaRe to expand life and health business

PhilNaRe to expand life and health business

Expansion in life and health follows PhilNaRe rise in market share to one-fifth last year.

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China Life posts record-high net income

China Life posts record-high net income

China’s largest life insurer posts a 103% rise in net income to NT$5.71 billion.

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Singapore mandates compareFIRST submissions

Singapore mandates compareFIRST submissions

MAS will require all insurers in Singapore to submit information to new one-stop online portal.

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Shares of Korean insurers trading below IPO prices

Shares of Korean insurers trading below IPO prices

Lower share prices reflect concerns about negative margins in the life insurance business, according to analysts.

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India’s life insurance industry forecast to grow up to 15%

India’s life insurance industry forecast to grow up to 15%

Improved market scenario and government efforts to improve insurance penetration in the country, cited as factors.

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Three shortlisted for Bank Rakyat Indonesia’s life stake

Three shortlisted for Bank Rakyat Indonesia’s life stake

BNP Paribas Cardif, FWD Group and Hanwha Life Insurance Co said to be shortlisted.

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Australia’s insurance reform plan divides planners

Australia’s insurance reform plan divides planners

Some consider the reform challenging, others claim a very positive first step to restructuring the life industry.

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Philippine life insurance market smallest in Asean 5

Philippine life insurance market smallest in Asean 5

Country’s insurance market amounts to just US$3.8bn in premium earnings despite having second largest population among the Asean 5.

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Life premium growth to increase in emerging markets this year

Life premium growth to increase in emerging markets this year

China and central and eastern Europe to see more life premium growth this year, according to Swiss Re report.

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Allianz Life Korea to focus on wealthy seniors

Allianz Life Korea to focus on wealthy seniors

Munich-based global insurer aiming to become the No. 1 global insurer locally.

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Nina Klingspor, Allianz Global Corporate & Specialty

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