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- May 15 2018
Sompo Japan Nipponkoa ups stake in Indian unit
It will acquire a further 6% in Universal Sompo General Insurance from Karnataka Bank.
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- May 15 2018
Mirae Asset Life launches merged entity in Vietnam
Prevoir Vietnam Life Insurance is a 50:50 joint venture with French insurer Groupe Prevoir.
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- May 14 2018
Singapore life insurers post 14% rise in Q1 sales
Linked policies recorded the highest growth, up 82% from the same period last year.
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- May 14 2018
China issues new rules on disclosures for insurers
New rules have been released to clarify ambiguous rules on disclosures for insurance companies.
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- May 11 2018
Two Anbang-held Korean insurers maybe up for sale
The two companies, Tongyang Life and ABL Life, could be sold in a package deal or separately.
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- May 11 2018
AIA co-leads US$500m investment in WeDoctor
The Hong Kong-listed insurer co-led the funding round in a Tencent-backed Chinese online healthcare solutions platform.
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- May 11 2018
China jails ex-Anbang Insurance boss for 18 years
A Chinese court has sentenced Wu Xiaohui after a trial that accused him of stealing more than US$10bn.
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- May 10 2018
Sun Life Philippines CEO to retire in June
After 26 years with the firm, Riza Mantaring is retiring and will be succeeded by Benedict Sison.
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- May 10 2018
World Bank inks risk-sharing deal with Nexi
The bank's political risk insurance arm has agreed to share risk in Japanese investments in developing countries.
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- May 9 2018
Philippines open to joining Asean catastrophe pool
The country is particularly vulnerable to natural disasters and stands to benefit from regional risk pooling.
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- May 9 2018
Australia’s AMP downplays reported China Life talks
The embattled Australian wealth manager has kept silent on reports that it is exploring a deal.
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- May 9 2018
Insurance analytics market to double by 2023
Rapid adoption of data-driven decision-making processes is expected to drive annual growth of 12.5%.
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- May 8 2018
China’s life insurance sector to rise 10-fold by 2030
In the years ahead, the best performers are likely to be those that already have one foot in the door.
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- May 8 2018
Berkshire not interested in cyber risk, says Buffett
The Sage of Omaha has expressed concerns about the worsening threat of cybersecurity risks to the global insurance industry.
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- May 8 2018
Malaysian Re licences AIR catastrophe modelling platform
The company is deploying the solution to support its reinsurance operations for a broad range of risk management solutions.
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- May 7 2018
AIA sees 20% hike in new business
The insurer has benefited from a regulatory crackdown that has affected many local rivals.
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- May 7 2018
Three Singapore insurers fined for data breach
Aviva, NTUC Income Insurance Cooperative and AIG were fined for alleged inadvertent disclosures.
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- May 7 2018
ICBC-Axa Life to set up asset management arm
The move comes after Xi Jinping’s call to further open China’s insurance sector at the Boao Forum last month.
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- May 7 2018
Asean discussing catastrophe risk pool
The facility will initially focus on Cambodia, Laos and Myanmar, but could expand to other countries.
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- May 4 2018
Korea sets up committee for insurance, banking licences
The FSC is also considering lowering capital requirements for financial businesses.
