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- November 2 2016
Korean life insurers cut workforce amid profit decline
The layoffs are primarily geared toward cutting costs in an environment of low interest rates.
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- November 1 2016
Allianz Malaysia approved to buy HSBC Amanah Takaful
Negotiations between all parties are expected to be concluded within the next six months.
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- November 1 2016
Metlife to exit Indian insurance venture
The US insurer will sell its 26% stake in PNB Metlife to focus on challenges in its home market.
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- October 31 2016
Private health insurance continues apace in China
China’s private healthcare insurance market is developing at a staggering pace.
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- October 31 2016
Challenger enters Japanese market
It will sell Aussie dollar annuities through a deal with Mitsui Sumitomo Primary Life Insurance.
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- October 31 2016
Ping An Insurance’s 3Q profit up 15%
The company recorded a 15% increase in its net profit for the third quarter on the back of strong insurance sales.
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- October 28 2016
Zurich eyes bancassurance growth in Indonesia
More growth in bancassurance business is expected as Zurich Topas Life partners with Bank CTBC Indonesia.
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- October 28 2016
AIG raises property terror insurance limit to US$1 billion
The increased capacity, up from US$250m, is available on a standalone basis or as part of its Large Limits offering.
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- October 28 2016
Asahi Mutual Life to focus on overseas infrastructure
The Japanese insurer is moving away from domestic bonds to invest in overseas projects for the first time.
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- October 28 2016
IAG expansion to China too risky and too expensive
The company said it listened to shareholders, but had ultimately taken its own decision to pull out of China.
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- October 27 2016
Insurance agents warned against referral fees
The Life Insurance Association of Singapore has said that charging referral fees is unethical.
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- October 27 2016
Axa Singapore’s life and general insurance units to merge
The consolidation will cost US$1 million and will affect the French insurer's health insurance setup in Singapore.
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- October 27 2016
Philippines’ mandatory nat-cat insurance under review
The Philippines’ Insurance Commission will review the proposed compulsory catastrophe insurance cover.
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- October 26 2016
Profits up for Korea’s non-life insurers
A solid performance in the auto insurance segment boosts hope amid lingering low interest rate environment.
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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.
