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- May 24 2018
Indonesia affirms 80% ownership cap on foreign insurers
Overseas insurers that control more than the cap will be allowed to continue to operate.
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- May 24 2018
Australia’s CBA sells BoComm stake to Mitsui Sumitomo
The sale will fulfil a condition of the sale of its life insurance businesses in Australia and New Zealand to AIA.
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- May 24 2018
Korean life insurers see net profits fall
Dwindling sales of savings-type products and weaker investment returns are reducing income.
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- May 23 2018
Anbang selling majority stake in Century Securities
The Chinese government-controlled insurer is looking to raise at least US$565m from the sale.
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- May 23 2018
Warburg Pincus to buy 26% stake in IndiaFirst Life
The private equity firm is lining up to buy Legal and General's stake for approximately US$150m.
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- May 23 2018
Big Tech plans insurance disruption
Almost 30% of customers around the world would be willing to buy insurance from Google and other tech firms.
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- May 22 2018
Generali unveils Asia, Latin America expansion plans
The Italian group plans to further strengthen its position in countries where it already does business.
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- May 22 2018
JLT wins full China brokerage licence
The new licence offers the same scope as that permitted for a domestic insurance brokerage company.
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- May 22 2018
India’s top insurers told to boost risk buffers before merger
Irdai has asked the government to offer additional funds or allow the insurers to raise supplementary capital.
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- May 22 2018
China well-poised for further liberalisation
A top official noted that the country has built up strength in the banking and insurance spaces.
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- May 21 2018
Myanmar eyes insurance sector liberalisation
An investment official has hinted that it is likely to further open the industry to foreign investment.
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- May 21 2018
Singapore regulator to set new insurance policies
The changes will provide better protection for depositors and private-hire car owners.
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- May 18 2018
Malaysian insurtech startup Jirnexu raises US$11m funding
The KL-based online financial services provider has secured additional investment from SIG Asia Investment.
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- May 17 2018
Global commercial insurance prices rising
However, insurance pricing in Asia continues to decline, and at an increased pace, according to Marsh.
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- May 17 2018
Allianz Global Corporate & Specialty targets Korea growth
The new branch earned €40 million in total premiums in 2017, roughly 10% of its overall Asia business.
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- May 17 2018
China performance boosts Ageas results
The "very strong" performance was boosted by what it considers to be exceptional results in China.
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- May 17 2018
Hong Kong, Japan and Singapore Asia’s most resilient countries
High rates of economic productivity, excellent infrastructure quality and supply chain integrity contribute to strong result.
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- May 16 2018
Fubon Life’s plan to raise stake in Korea unit still holds
It is determined to carry on with its proposal to raise its share in Hyundai Life Insurance to 62%.
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- May 16 2018
FWD applies for Shanghai JV
The Hong Kong-based insurer is reportedly looking at establishing a joint venture in Shanghai with unknown partners.
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- May 15 2018
Pru asks KWAP to improve its offer for stake in Malaysia unit
The retirement fund's bidding price for the 30% stake was short of the UK-based insurer's expectations.
