Wednesday, May 23, 2018

Life

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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ANZ nears final stage of sale of life insurance unit

ANZ nears final stage of sale of life insurance unit

A deal will likely be completed in the latter half of 2018 if the transaction is signed next week.

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Life insurance still driving valuation growth

Life insurance still driving valuation growth

The embedded value of Asian insurers continues to grow, driven by life insurance premiums and capital markets.

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LIC books 12% first half premium income growth

LIC books 12% first half premium income growth

The results were driven by profits from the sale of equities during the period.

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Life segment leads growth in Thailand

Life segment leads growth in Thailand

The country’s changing demographics and better personal and retirement coverage have provided opportunities.

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Eight Korean insurers tap online-only bank

Eight Korean insurers tap online-only bank

K Bank has released 20 savings and protection “mobilessurance” policies through a mobile app.

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Taiwan incentivises protection products

Taiwan incentivises protection products

Starting next year, insurers can take advantage of a government scheme to improve the product mix.

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FRS opens in Hong Kong and Malaysia

FRS opens in Hong Kong and Malaysia

Financial Risk Solutions’ two new offices are in Menara Darussalam in Kuala Lumpur and ICC in Hong Kong.

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Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand

Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand

The two companies will enter into strategic transactions across both life and general insurance.

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Three Chinese insurers punished over “problematic” policies

Three Chinese insurers punished over “problematic” policies

The three companies have been banned from applying for permission to sell new products for six months.

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Life insurers to benefit from China’s eased restrictions

Life insurers to benefit from China’s eased restrictions

The decision to ease restrictions on foreign ownership of financial firms is expected to attract more investment.

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