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- October 26 2016
Stephen Punch named regional MD of JLT Re
Joining from Willis Re, he will look after regional clients and the retrocession division in Asia Pacific.
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- October 26 2016
Insurers advised to invest in tech startups
Insurtechs are forecast to take centre stage in the industry during the next few years, according to Gartner.
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- October 25 2016
Bangkok Insurance looks to re-enter Vietnam
After pulling out of Vietnam 10 years ago, BKI is studying a possible re-entry into the neighbouring market.
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- October 25 2016
China Oceanwide to acquire US insurer Genworth
The US$2.7 billion cash deal will help Genworth manage its debt and boost its insurance operations.
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- October 25 2016
Asian firms brace for higher healthcare bills
Costs are set to increase by 11.5% this year, more than five times the average regional inflation of 2.1%.
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- October 24 2016
Malaysia probes insurers for anti-competitive practices
Several firms are under investigation over price-fixing in the motor vehicle repair industry.
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- October 24 2016
Korean insurers urged to improve risk controls
With global uncertainties such as protracted low interest rates, new measures are needed.
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- October 24 2016
Mitsui Life looks to outsource bond investments
Low rates have caused the yield of domestic bonds to dive, forcing Japanese insurers to look offshore.
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- October 21 2016
Online platforms drive growth in China
This year has seen some 330 million customers buy insurance through the internet.
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- October 21 2016
Myanmar and India sign insurance cooperation
The MoU was signed in the presence of Narendra Modi and Aung San Suu Kyi.
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- October 20 2016
Foreign reinsurers likely to get R2 approval in India this month
An R2 or second-phase approval looks imminent for foreign reinsurance firms seeking a branch licence in India.
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- October 20 2016
China Life warns of 60% profit dip
The decline is largely a result of weak investment income, the company said in a filing to the stock exchange.
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- October 20 2016
Hanwha Life acquires 4.1% stake in Lending Club
Investing in the world’s largest peer-to-peer lender is part of an effort to enhance its fintech capabilities.
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- October 20 2016
Malaysia’s insurance sector fails to meet expectations
Though the sector did expand at an annual 13.3% growth rate until 2010, in recent years it has remained flat.
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- October 19 2016
Takaful Malaysia posts 30% profit jump
Higher sales in family and general takaful businesses, as well as wakalah fee income, fuelled a 30% increase.
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- October 19 2016
KBZ to launch insurance arm on Yangon stock exchange
The company’s market capitalisation could be up to US$750m if it goes ahead with an IPO in 2017.
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- October 19 2016
China’s life insurers warned about low interest rates
Low rates are affecting the industry's pricing and business models, investment channels and risk management.
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- October 19 2016
Indonesia’s Bumiputera on the hunt for buyers
The company is nearing the end of a long restructuring process aimed at meeting its growing obligations.
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- October 18 2016
Health-insured Singaporeans to face higher premiums
The moratorium on raising Integrated Shield Plan premiums will be lifted at the end of this month.
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- October 18 2016
India stalls mandatory listing for insurers
The insurance regulator's proposal has been put on hold after reported intervention by the finance ministry.
