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- January 11 2021
Zhejiang Geely takes 33% stake in Union P&C
Chinese automaker investment comes amid motor insurance reforms.
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- January 8 2021
China’s P&C insurers crash to US$1.2bn underwriting loss: report
Investment returns allowed sector to achieve an overall profit of Rmb5bn.
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- January 6 2021
WTW appoints Australasia head of financial lines
Former Marsh executive Lee Garvey is set to relocate from Singapore to Australia.
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- January 6 2021
IAG keeps 2021 reinsurance cat cover at US$7.8bn
P&C giant reveals that BI claims provisions to be included in expenses.
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- January 4 2021
KDB Life hardpressed to match Korean Re: report
Local PE firm JC Partners completes deal as Carlyle Group inks partnership with Korean Re.
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- January 4 2021
InsuranceAsia News 2021 predictions
Our editors look ahead to what may lie in store for the market over the coming year.
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- December 31 2020
2020 people move round-up
There were leadership changes at AIG, Allied World, Axa XL, Manulife, Swiss Re and Zurich.
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- December 30 2020
ACCC points to broker fees in northern inquiry report
Australia's competition authority says cover needs to be reviewed and stamp duty abolished.
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- December 30 2020
Philippines P&C sector sees 18% H1 2020 premium drop
Insurance Commission notes decline across the board but profitability holds up.
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- December 30 2020
Asia 2020 regulatory review
The sector has faced some significant challenges over the last 12 months.
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- December 29 2020
Japan’s insurers to ramp up ESG exposure in 2021
Nippon Life to introduce ESG criteria for its entire investment portfolio in April.
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- December 29 2020
ICICI Pru Life inks deal with AU Bank
The deal expands the insurer's distribution channels among underserved populations.
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- December 29 2020
HKIA finalises new capital rules
The Insurance Authority expects the regulations to come into force in Q1 2021.
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- December 28 2020
China warns insurers over ‘arbitrary’ expansion
The new CBIRC regulations come amid an environment of increased government oversight.
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- December 28 2020
Cyber insurance market to reach US$9.5bn in 2021
The Asia Pacific region recorded the highest number of malicious data breaches in 2019.
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- December 23 2020
ZA Tech partners with Indonesian payment giant OVO
ZhongAn is the latest Chinese giant to move in to the fast-growing market.
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- December 22 2020
Diverse legal systems to constrain GBA for decades: Fitch
Motor insurance is one example where Hong Kong, Macau and the mainland have divergent regimes.
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- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
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- December 21 2020
Singapore GI GWP to drop 1.9% in 2020: GlobalData
Slowdown comes after the Lion City had registered 6.7% growth the previous year.
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- December 21 2020
Kyushu floods, Typhoon Haishen losses hit US$1.7bn
GIAJ report shows nearly 190,000 claims filed as of December 3.
