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- February 11 2021
ZhongAn hits ‘critical mass’ after first profits: sources
After consecutive losses, the digital insurer expects a net profit of at least US$75m for 2020.
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- February 9 2021
China/US tensions reduced political risk appetite: WTW
Worldwide market capacity is US$4bn with around half allotted to Asia.
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- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
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- February 8 2021
No ‘A grades’ from CBIRC in new governance rankings
Six insurers, including China Re and Ping An, received a ‘B’ rating from the regulator.
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- February 5 2021
APAC businesses led global rivals in Covid resiliency: Aon
52% of APAC survey participants had a pandemic plan in place prior to Covid-19.
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- February 4 2021
South Korea’s digital sandbox a ‘breakthrough’
Move creates opening for insurtechs as the regulator pushes financial services innovation.
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- February 3 2021
WTW makes two senior Asia financial lines appointments
Sagar Mehta and Ernest Heng join Singapore team as broker's merger with Aon faces regulatory scrutiny.
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- February 3 2021
Queensland body calls for national reinsurance pool
Local government cites rising unaffordability of insurance in the north of Australia.
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- February 2 2021
QBE appoints Sue Houghton as Australia Pacific CEO
The experienced Australian executive is set to join from Westpac in August.
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- February 2 2021
AIA, China Strategic submit binding bids for BEA Life: report
The sale is expected to raise US$500-600m for the Hong Kong-listed lender.
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- February 1 2021
APRA’s 2021 spotlight falls on BI and reinsurance
Access to capacity from "critical" overseas reinsurers a priority, says latest policy guidance.
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- February 1 2021
Hong Kong’s marine sector looks to escape doldrums
Experts tell IAN that a long-awaited tax break and other reforms can transform the city into a maritime insurance hub.
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- January 28 2021
China, India insurtechs raise over US$270m in Q4 2020: WTW
Global fundraising hit an all-time annual high of US$7.1bn.
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- January 27 2021
Asia 2020 nat cats brought US$95bn in economic damage
Aon report shows that China, India and Japan accounted for more than half of the losses.
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- January 27 2021
Asia political risk capacity to rise
Experts tell IAN that Hong Kong and Thailand are likely to see further rate increases.
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- January 26 2021
AUB refocuses as competition heats up down under
Altius disposal comes amid Aon/WTW merger and Howden’s market entry.
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- January 25 2021
ZA Bank gets HK agency license
ZhongAn has broadened its insurance presence in the SAR via a subsidiary.
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- January 25 2021
Hong Kong Life up for grabs again: report
The US$500m valuation is significantly lower than a 2018 bid by First Origin International.
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- January 22 2021
Indonesia gets US$500m World Bank disaster loan
The government agreed a US$770m risk financing initiative with a consortium of (re)insurers in 2019.
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- January 22 2021
Indonesia quake to see minimal insured losses
In-country loss adjusters tell IAN only a small number of claims have been made so far.
