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- November 23 2017
Allianz Global Corporate & Specialty expands in China, Indonesia
The business has started operations in Beijing and Jakarta to meet growing demand in the corporate insurance segment.
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- November 22 2017
Three Chinese insurers punished over “problematic” policies
The three companies have been banned from applying for permission to sell new products for six months.
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- November 22 2017
Vietnam premiums up 20%
The country's insurance industry continues to expand, with total premiums reaching US$3.7bn through October.
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- November 22 2017
US$2.2tr of China’s insurance funds utilised in Q1-Q3
The amount is 9.38% higher than the total insurance funds used as of the end of last year.
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- November 22 2017
Zhongtian Financial to pay US$4.7bn for stake in Huaxia Life
It will buy the stakes from Beijing Qianxi Shihao Electron Technology and Beijing Zhongsheng Century Technology.
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- November 21 2017
New shipowners’ insurance launched in Hong Kong
The Hong Kong China War Risk Syndicate covers marine hulls for acts of war, piracy and other potential dangers.
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- November 21 2017
Life insurers to benefit from China’s eased restrictions
The decision to ease restrictions on foreign ownership of financial firms is expected to attract more investment.
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- November 20 2017
FWD appoints new chief executive for Thailand
Poramasiri Manolamai takes over from the current chief executive for Thailand, Mike Plaxton, effective January 1, 2018.
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- November 20 2017
Korean insurers ask for government help on earthquake risk
Insurers say earthquake policies will not be profitable unless the government shares a bigger financial burden.
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- November 20 2017
Insurance telematics make up 10% of market share
The market is expected to reach US$114bn by 2025 thanks to the swift penetration of smart connectivity systems.
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- November 17 2017
AIA launches HK’s first blockchain-enabled bancassurance
The technology will cut the time it takes to process insurance applications while improving transparency.
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- November 17 2017
Insurers in Malaysia target local capital
Global insurers are aiming to comply with the June 2018 deadline to achieve a 30% local shareholding.
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- November 17 2017
Asia drives Prudential’s new-business profit
Higher sales volumes and a boost from higher interest rates have driven results so far this year.
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- November 16 2017
Moody’s welcomes China’s removal of foreign ownership cap
The new regime is credit positive for both foreign and domestic life insurers, says the rating agency.
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- November 16 2017
Insurance M&A increases in value
“Fewer in number, but higher in value” says Willis Towers Watson in its recent survey.
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- November 16 2017
Manulife appoints Singapore CEO
Khoo Kah Siang joins from Great Eastern and will take up the role in February next year.
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- November 16 2017
Axa to focus on 16 key markets
The company has said that it may sell some assets in countries where it lacks scale.
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- November 15 2017
HK to collect levy from insurance policyholders
The Insurance Authority will start at 0.04% during the first phase and will gradually increase.
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- November 15 2017
Chubb to address risk management needs of Asian SMEs
With the establishment of the small commercial division, Chubb has appointed Michael Cellura and Keiran Brennan.
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- November 15 2017
XL Catlin appoints global programme and captive head for Asia
Shiwei Jin takes on this expanded role while continuing as a member of the global programme centre of excellence team.
