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- June 26 2015
Malaysia’s BTPN bank seeks life insurance acquisition
BPTN customers currently covered by separate credit life insurance policies.
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- June 26 2015
Global insurance industry gained momentum in 2014
Insurance premiums last year gained 3.7% to US$4.8tr.
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- June 26 2015
China trims insurance rates and establishes investment fund
Reduction in certain insurance rates will save Rmb27bn (US$4.43bn) for employers.
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- June 25 2015
Singapore prepares to roll out compulsory health insurance scheme
Ministry of Health initiative gathers pace with household check exercise.
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- June 25 2015
Fubon Financial acquires Hyundai Life Insurance stake for US$199m
Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.
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- June 25 2015
China’s largest P&C insurer gets Moody’s upgrade
IFSR of PICC P&C upgraded to Aa3 from A1, with stable outlook.
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- June 25 2015
ACE Group names new Vietnam country president
Dang Hoang Tung joins multiline property and casualty giant from AIG Vietnam.
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- June 24 2015
Swiss Re becomes first Swiss firm to obtain China’s RQFII licence
RQFII programme allows the reinsurer to gain access to the Chinese financial market.
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- June 24 2015
Insurance bought through financial advisers said to be cheaper
Report based on the analysis of more than 20 life insurance offers in Australia.
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- June 24 2015
Allianz launches new products targeting PWDs in Malaysia
Plans to cooperate with NGOs supporting PWDs in distributing the products.
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- June 24 2015
JLT Re names Asia Pacific veteran as global COO
Craig Brokenshire, formerly COO of JLT's Asia Pacific region, moves from Singapore to London to take up new role.
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- June 23 2015
Bangladesh regulator suspends Standard Insurance
Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.
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- June 23 2015
Fosun to buy Israeli insurer Phoenix for US$471m
Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.
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- June 23 2015
India’s general sector posts 12.3% growth in premium collections
The majority of the premium growth came from the four state-run general insurers.
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- June 23 2015
Vietnam’s non-life industry faces shortage of qualified actuaries
Only one actuary in Vietnam said meets the national standards.
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- June 22 2015
Air India seeks insurers for US$9bn insurance cover
State-owned and private insurance companies are expected to join in the aggressive bidding.
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- June 22 2015
Changes sought for Japan Post Insurance Co, ahead of planned IPO
Lawmakers looking to raise the maximum amount of insurance coverage at JPI.
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- June 22 2015
UN chief urges insurance industry to ease disaster-related financial burden
Industry must play a strong leadership role in UN initiatives, says Ban Ki-moon.
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- June 22 2015
Malaysia’s Islamic insurers investing more in technology
Takaful operators plan to double the number of Islamic insurance policyholders in five years.
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- June 19 2015
India plans higher solvency requirement for health insurance players
Plans to raise the solvency margin to up to 200% for group health.
