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- September 8 2015
Generali creates new role for head of Asia M&A, strategy
John Spence will assume responsibility for M&A, strategic alliances and regional initiatives in Asia.
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- September 7 2015
Philippines targets 3% insurance penetration by 2019
However, the rate in the first six months of the year was only 1.84%, far below the 3% target.
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- September 7 2015
MAS fines Mercer for unlicensed life insurance sales
The Singapore regulator has fined Mercer for arranging contracts without appropriate licences.
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- September 7 2015
Government stimulus raising premium revenue in Thailand
Total insurance premiums are expected to rise by nearly 5% as the government targets low earners.
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- September 7 2015
Weak car sales hurting Malaysia’s general insurance market
The Malaysian Insurance Institute says the industry is likely to be stagnant through to 2016.
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- September 4 2015
Taiwan to focus on regulating insurance industry
Insurers are blamed for pushing the prices of products and services to "unreasonable levels".
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- September 4 2015
Principal Financial buys AXA’s HK pension unit for US$335m
The US investment manager has paid about US$335m, increasing its AUM to US$6bn in Hong Kong.
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- September 4 2015
Tencent to set up China’s first Internet-based life insurer
The Chinese internet giant is partnering with state-owned firm Citic Guoan on a new internet venture.
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- September 3 2015
China to include treatment, diagnosis of birth defects
The National Health and Family Planning Commission is expanding coverage in its programmes.
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- September 3 2015
Vietnam’s insurance market up 23% in five months
Insurance firms in Vietnam enjoyed a robust first five months of the year in total premium revenue.
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- September 3 2015
Asia now accounts for 28% of global insurance market
Asia now ranks third in terms of global market share, behind Europe with 35% and N America with 29%.
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- September 3 2015
Anbang fails in bid to buy Portugal’s Novo Banco
The US$4.5bn bid has fallen through after month-long exclusive talks with Portugal's central bank.
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- September 2 2015
Tianjin blasts will not affect profit, say Chinese insurers
PICC and CPIC say the effect of the accident will be minimal due to reinsurance.
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- September 2 2015
MetLife appoints Bharat Kannan to lead distribution
He will lead agency, bancassurance, employee benefits and global relationship management channels.
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- September 2 2015
Khor Hock Seng to step down as CEO of Aviva Asia
Chris Wei will continue to oversee the region and lead Aviva’s Asia growth strategy.
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- September 2 2015
Japan’s life insurers using shareholder power
More frequent opposition at shareholder meetings is aimed at improving corporate profits.
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- September 1 2015
QBE hires Mark Lingafelter to grow Asia-Pacific business
The former CEO of Chubb in Australia joins as managing director for the region.
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- September 1 2015
Thailand to revive travel insurance for visitors
The tourism ministry is considering the proposal following the recent bomb attack.
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- September 1 2015
Vietnam extends health coverage to weekends and holidays
Health examinations and treatment during holidays and weekends will now be covered.
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- September 1 2015
Macau casinos take out kidnap insurance to protect patrons
Alarmed by the rise in hostage-taking, casinos are turning to specialist insurance.
