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- December 1 2020
South Korea eyes Insurance Business Act revisions in H1 2021
Financial regulator creates taskforce to facilitate implementation of IFRS 17.
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- December 1 2020
AUB Group purchases 360 Underwriting Solutions
The broking group's underwriting agencies set to be restructured into three sub-divisions.
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- November 30 2020
P&C sector grows 5.5% to US$59.4bn: HKIA
Despite signs of resilience, motor and EC have seen sustained underwriting losses.
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- November 30 2020
Samsung Fire & Marine signs joint venture with China’s Tencent
Deal with South Korean digital giant Kakao failed over access to motor insurance business.
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- November 26 2020
MAS calls for more cooperation with China on catastrophe cover
Singapore’s regulator is targeting joint initiatives for flood-torn Chongqing.
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- November 26 2020
HKIA chair says GWS framework on track for H1 2021
The regulator is also set to publish its first risk and solvency assessment reports in June.
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- November 26 2020
Mitsui Sumitomo invests US$350m in insurtech Hippo
Japanese giant and US start-up ink partnership, which includes a reinsurance treaty.
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- November 25 2020
AIA conducting coal portfolio review as critics take aim
Climate groups say the Hong Kong life player’s policies do not go far enough.
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- November 24 2020
China’s Waterdrop raises additional US$150m from Tencent: report
Chinese giant increases stake in healthcare start-up which could be valued at US$4bn.
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- November 24 2020
CBIRC’s latest regulatory reforms given January start date
Regulator sets new capital, compliance and governance requirements for agencies and agents.
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- November 24 2020
AIA, Aya Sompo and Aya Bank ink first 3-way Myanmar bank deal
Bancassurance distribution is set to overtake agency channels in the coming years.
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- November 23 2020
Typhoon Vamco causes significant damage to the Philippines
There are numerous infrastructure claims associated with the storm.
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- November 23 2020
China’s autonomous driving tech rings changes for insurers
New technologies being developed by Didi are disrupting the market's view of the future.
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- November 20 2020
Tysers hires former Swiss Re and Aon Re execs for APAC push
Jane Smart and Cameron Nicholas will be based in the broker's London office.
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- November 20 2020
Sun Life expands Asean reach with ACB partnership
The firm has secured a second bancassurance relationship in Vietnam.
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- November 19 2020
ICA considers appeal after BI policy court blow
The Insurance Council of Australia is set to consult with its members.
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- November 18 2020
Indian insurtech Turtlemint bags new US$30m fundraise
The insurtech is looking to expand into second and third tier cities.
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- November 18 2020
Lloyd’s Asia office to “reshape” as London 2021 review signaled
The marketplace is set to adjust for flex working, digital meetings while retaining the unique culture.
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- November 16 2020
Postponed Tokyo Olympics has significant digital risks
After the 2020 games were pushed back due to Covid-19, cyber and reputational risks are set to ramp up.
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- November 13 2020
Age of 5-year plan for insurers is “long gone”: FWD’s Huynh
The group CEO says digital models that integrate 'human factor' will succeed.
