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- July 6 2018
China remains the major source of emerging market growth
China now accounts for more than half of emerging market life insurance premiums written, or 11% worldwide.
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- July 6 2018
Singapore life market posts double-digit growth
Job growth in the city is largely being fuelled by the insurance and fund management sectors, says MAS.
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- July 6 2018
IDBI Bank no longer pursuing sale of stake in insurance JV
The proposed sale of its stake in IDBI-Federal Life has been torpedoed by LIC's investment in the bank.
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- July 5 2018
Hong Kong’s Arbor Ventures backs US$12m fundraising for Planck Re
The Israeli commercial insurance data platform is a pioneer in the use of AI in the commercial insurance industry.
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- July 5 2018
Zurich extends flood resilience alliance until 2023
The multi-sector alliance aims to generate US$1bn in additional funding for flood resilience.
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- July 4 2018
AIA Cambodia and Amret sign bancassurance deal
The agreement was signed in time for the inauguration of Amret’s new headquarters in Phnom Penh.
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- July 4 2018
Israeli insurer Phoenix calls off deal with China’s Sirius
The cancellation of the deal came after the Chinese insurer failed to secure regulatory approval.
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- July 4 2018
Insurers to protect world heritage sites
The commitment was made in partnership with the WWF and the Unesco World Heritage Centre
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- July 4 2018
China Re and Zhong An invest in blockchain
China Re and Zhong An have already completed a proof of concept to test areas including contracts, documents and claims.
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- July 3 2018
CBIRC publishes foreign-ownership rules
The rules allow foreign insurers and loss adjusters to operate on a level footing with domestic companies.
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- July 3 2018
AIA completes deal for CBA’s NZ life insurance business
The net cash outlay by AIA is expected to be less than US$500m after the reinsurance arrangement.
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- July 3 2018
McLarens expands in Asia with Malaysian office
Veknesh Subramaniam will head the new Malaysian operation and assumes the title of general manager.
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- July 3 2018
Malaysian insurers look for support from new government
The country’s life insurers are hopeful that the industry will continue to be supported.
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- July 2 2018
Foreign divestments in Malaysia at advanced stage
Foreign insurance companies technically had until June 30 to comply with the foreign ownership cap.
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- July 2 2018
Non-life market in Korea grows 1.1%
The modest growth was fuelled by an increase in the sales of savings and pension insurance products.
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- July 2 2018
Beale to exit Lloyd’s
Lloyd’s on hunt for CEO following Inga Beale’s decision to depart.
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- July 2 2018
Only 8% of Asia-Pacific disaster losses covered, says UN
Only 15 of the eligible Pacific island nations have joined the Pacific Catastrophe Risk Insurance Company.
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- June 29 2018
Bank Rakyat Indonesia revives plan to sell life insurance stake
Indonesia's most profitable lender is reportedly reviving a plan to sell a minority stake in Asuransi BRI Life.
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- June 29 2018
Manulife to free capital by offloading businesses
Over the next three years the company is planning to free up US$5.1bn partly through the sale of some of its businesses.
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- June 29 2018
India’s non-life insurers seek outside help for mega merger
National Insurance, Oriental Insurance and United India Insurance are looking for advice on their planned merger.
