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- June 30 2017
CIRC crackdown hits universal life sales
Premiums are down 59% year-on-year on the back of an aggressive campaign to tame market players.
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- June 30 2017
AGCS to open Seoul branch
The Allianz unit is the first foreign non-life insurer in almost a decade to open in Korea.
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- June 30 2017
Guy Carpenter launches Asia retrocession unit
The new operation will focus on retrocessional solutions, capital raising and product and capacity development.
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 29 2017
Businesses need to better prepare for cyber attacks, says Lloyd’s
Businesses could face a much higher bill than they are ready for after falling victim to a cyber attack.
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- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
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- June 29 2017
Prudential’s Eastspring invests US$500m in IFC infrastructure fund
The asset management unit is the first Asian investor to participate in the programme, known as MCPP Infrastructure.
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- June 28 2017
Axa Hong Kong appoints new CEO
Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 28 2017
Outlook on China’s life market remains negative
Profitability and capitalisation are expected to weaken, according to Moody's Investors Service.
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- June 27 2017
Cyber coverage surges in Japan as attacks rise
Mitsui Sumitomo said its cyber insurance policy sales have increased by 250%.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
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- June 26 2017
Malaysian insurers to develop digital platform
The deal will set the foundation for a full-service life insurance and takaful aggregator portal.
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- June 26 2017
China launches catastrophe insurance research centre
The centre will be the country's first research institution focusing on major disasters.
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- June 23 2017
Five Philippine non-life insurers to exit industry
Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.
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- June 23 2017
Korea wants insurers to cut medical indemnity premiums
The move is part of the government's efforts to help alleviate the cost burden on subscribers.
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- June 22 2017
CIRC issues new regulations to rein in credit risks
China’s insurance watchdog is seeking to standardise insurance businesses and protect the industry from credit risks.
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- June 22 2017
Allianz seeks to accelerate growth in Asia
The German insurer is planning to catch up with European competitors in the region, such as Prudential and AXA.
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- June 22 2017
India’s general insurers post 16% gross premium growth
Solid gross direct premium growth was buoyed by increased premiums in health, motor and fire insurance.
