Wednesday, September 20, 2017

Life

China encourages citizens to buy private health insurance

China encourages citizens to buy private health insurance

State Council offers tax reductions for premium payments of less than Rmb2,400 (US$392) per year.

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Manulife to open 18 branches in the Philippines, eyes raising market share

Manulife to open 18 branches in the Philippines, eyes raising market share

10 branches to be opened this year and a further eight scheduled in 2016.

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10 South Korean life insurance firms offering poorly written contracts

10 South Korean life insurance firms offering poorly written contracts

Contracts assessed based on clarity, brevity and comprehensibility.

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Bangladesh insurers seek withdrawal of insurance policy tax

Bangladesh insurers seek withdrawal of insurance policy tax

Gains from life insurance policies urged to be withdrawn.

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Prudential names Mike Wells as new CEO

Prudential names Mike Wells as new CEO

29 year veteran succeeds Tidjane Thiam, from 1 June.

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Aegon, and Tsinghua Tongfan invest in Chinese life insurer

Aegon, and Tsinghua Tongfan invest in Chinese life insurer

Potential of China’s life insurance market attracts investment.

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Vietnam life insurance industry’s growth hits 5-year high

Vietnam life insurance industry’s growth hits 5-year high

Total premiums, VONB and number of contracts signed surge.

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Bangladesh to see first insurance JV if Mitsui Insurance gets license

Bangladesh to see first insurance JV if Mitsui Insurance gets license

Japan’s largest insurance company, reportedly in talks with insurance regulators in Bangladesh.

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Bangladesh to raise foreign stake in life insurance sector to 83%

Bangladesh to raise foreign stake in life insurance sector to 83%

Government keen to attract more foreign insurance companies to the country.

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Philippine National Bank seeks US$500m in sale of life insurance stake

Philippine National Bank seeks US$500m in sale of life insurance stake

Possible investors could come from Japan and Taiwan.

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Bank Rakyat Indonesia to sell stake in life insurance arm

The Bank is seeking a partner to develop its life insurance unit BRIngin Life.

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Manulife launches financial advisory unit in Singapore

Manulife launches financial advisory unit in Singapore

Products offered under financial advisory arm set to rise.

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Korea’s Mirae Asset Life Insurance to launch IPO

Korea’s Mirae Asset Life Insurance to launch IPO

Life Insurer looking to raise up to KRW500bn (US$459m) according to reports.

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Annuity recommendations getting popular among Australian planners

Annuity recommendations getting popular among Australian planners

Annuities had continued to increase over the last three years in response to client concerns such as longevity risk.

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AXA strikes partnership deal with SingPost

AXA strikes partnership deal with SingPost

Financial advisers will promote AXA’s insurance products at 34 post offices in Singapore under a 10-year agreement.

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SUMMER 2017

House of cards

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