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- February 17 2016
China approves new online insurance venture
CIRC has approved Shenzhen Infogem Technologies' registration to operate an online insurance firm.
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- February 17 2016
Cyber incidents among top threats to businesses, says Allianz
An Allianz survey shows that more businesses now consider cyber incidents among the major new threats to business.
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- February 17 2016
Bangladesh orders MetLife to raise capital by almost 500%
The Insurance Development and Regulatory Authority arrived at the figure using its new solvency margin rules.
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- February 16 2016
Asia Capital Re taps Korean market
The Financial Services Commission is expected to decide on the application for preliminary approval on Wednesday.
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- February 16 2016
Vietnam on track for double-digit growth this year
The country's finance ministry said premium income in 2015 climbed by 21.4% to US$3 billion.
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- February 16 2016
CRRC buys US$676m stake in China United
State-owned China Railway Rolling Stock Corporation has bought a 13.06% stake in the Shenzhen-based insurer.
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- February 16 2016
Sumitomo Life eyes investments in foreign corporate bonds
Japanese giant Sumitomo Life is reportedly planning to expand its foreign corporate bond investment to boost returns.
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- February 15 2016
AIG Indonesia launches trade credit insurance
The company is cashing in on the government's plan to boost non-oil and gas commodity exports.
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- February 15 2016
Winter weather triggers US$2bn economic losses in Asia
Bulk of the economic losses were from China, Taiwan, Korea, Japan and Thailand, which were all unusually cold.
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- February 15 2016
Zurich mulls 8,000 job cuts worldwide
The layoffs are part of a plan to improve the profitability of its general insurance business.
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- February 15 2016
Korean firms post 13.3% earnings rise in 2015
The double-digit growth was attributed to increased non-operating profits and investment-related earnings.
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- February 12 2016
New cyber framework targets accumulation risk
The Centre for Risk Studies and RMS want to help insurers measure and constrain cyber risk.
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- February 12 2016
Singapore’s single-premium life policies rise 28% in Q4
The Life Insurance Association (LIA) Singapore attributed the growth to the policies paid for with Central Provident Fund money.
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- February 12 2016
Tax revenue on Philippine premiums hits five-year high
The tax office says it collected the most revenue from insurance since 2009, despite a much lower tax rate introduced in 2011.
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- February 12 2016
India likely to keep cap on brokers’ commissions
The local regulator has said that it cannot easily remove the existing caps on commissions and other remunerations.
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- February 11 2016
Managing Cyber Insurance Accumulation Risk
A framework for the assessment and understanding of cyber insurance accumulation risk management.
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- February 11 2016
LIAM defends strict regulation of Malaysia’s life industry
The Life Insurance Association of Malaysia issued the pronouncement in response to a letter published in The Star newspaper.
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- February 11 2016
China becomes third-largest market in the world
The market was valued at US$1.83 trillion last year, more than double the value five years ago.
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- February 11 2016
Meiji Yasuda’s US$5bn StanCorp acquisition approved
The Japanese life insurer has reportedly won regulatory approvals in the US and Japan for its landmark acquisition.
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- February 11 2016
Bangladesh restricts Metlife from sending profits to US
IDRA has refused to issue a permit for the insurer to repatriate its profits to its headquarters in the US.