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- January 4 2018
Global insurance M&A hits US$49 billion in 2017
The deal volume was on a par with the figure from 2016, despite one of the worst loss years on record.
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- January 4 2018
IAG cuts catastrophe reinsurance cover
Under the new programme, its gross main cover for the first catastrophe event would drop by A$970m.
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- January 4 2018
Korea doubles number of insurance patents
The increase is credited in part to the implementation of IFRS17, which has helped to drive innovation.
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- January 4 2018
Amazon to invest in Indian insurance startup
Mumbai-based online insurance startup Acko is in talks to secure funding from the global e-commerce player.
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- January 3 2018
Aegon to sell part of life reinsurance unit to Scor
The deal is part of its strategic goal of reducing the amount of capital allocated to run-off businesses.
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- January 3 2018
Life premiums in China to climb 15%
Increasing household income and growing awareness of risk management are driving interest in coverage.
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- January 3 2018
Positive outlook for Vietnam in 2018
The sector is expected to grow 22% this year, according to the Insurance Supervisory Authority.
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- January 3 2018
Assets held by Korean insurers top W1,000tn
The total is broken down into W782.1tn in assets controlled by life insurers and over W252tn by non-life firms.
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- December 22 2017
Three insurers in bidding to buy India’s Star Health
ICICI Lombard, HDFC Ergo and Bajaj Allianz have joined the race to buy India's biggest standalone health insurer.
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- December 22 2017
AIMA, IAMAC sign insurance collaboration agreement
Among the areas being looked at for collaboration are educational programmes and joint events.
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- December 22 2017
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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- December 22 2017
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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- December 21 2017
Allianz invests in microinsurance firm BIMA
The company has invested US$96.6 million in the company, which sells insurance products via mobile phone.
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- December 21 2017
Taiwan insurers urged to invest more in infrastructure projects
The message is part of efforts to increase private investment in government-led projects
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- December 20 2017
AIR Worldwide partners with PICC Re
The Chinese reinsurance arm of PICC has already received regulatory approval for the partnership.
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- December 19 2017
Malaysia, Thailand sign insurance deal
Bank Negara Malaysia and Thailand’s Office of Insurance Commission have signed an MoU.
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- December 19 2017
India to revise insurance fund rules
Irdai is looking to keep up with changes in the market and the economic landscape in the country.
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- December 19 2017
Low-rated insurers to face curbs in China
Affected companies will face restrictions from the regulator, the official Xinhua news agency reports.
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- December 19 2017
Allianz Global Corporate & Specialty shuffles management board
Chief operating officer Sinead Browne moves to a new board-level role with oversight for Asia.
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- December 18 2017
Manulife ties up with Agricultural Bank of China
The agreement indicates that they will explore financial solution distribution opportunities in the country.
