Category: News Page 40 / 130
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- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
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- May 8 2017
Ping An hires former Citi banker to head fintech fund
Jonathan Larsen will lead a new US$1b investment fund and will also become chief innovation officer.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 8 2017
Chinese insurers urged to contribute to real economy
The measures are aimed at creating a sound policy environment for the insurance industry to serve the real economy.
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- May 8 2017
Global premiums outgrowing economy
Premiums are expected to grow 4.5% on average, both in 2017 and 2018, compared to 3% economic growth.
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- May 5 2017
Premiums in China up by a third
However, the pace of growth was lower than the 42% recorded for the same period in 2016.
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- May 5 2017
Two new life insurers enter Cambodia
Bangkok Life Assurance launched operations this week, while AIA is set to debut today.
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- May 5 2017
Swiss Re reports net income of US$656m
The results were affected by expected insurance claims in the aftermath of Cyclone Debbie.
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- May 4 2017
Insurers protected from local governments in the Philippines
Licensed insurance companies should not be hindered from doing business by local governments, says official.
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- May 4 2017
Bupa appoints general manager for Asia Pacific
The international health insurance arm of Bupa has appointed Angus Slater to lead growth across the region.
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- May 3 2017
10 Japanese insurers’ outlook raised to stable
Japan’s improving economic outlook has lowered risks over the trajectory of public debt.
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- May 3 2017
Investments in insurtech start-ups drop sharply
Insurance technology start-ups saw a sharp fall in funding during the first three months of the year.
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- May 3 2017
Philippine life market growing at rapid pace
The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.
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- May 2 2017
Ping An net profit climbs 11%
First-quarter earnings rose due to a 34% rise in premium income, while new business soared by 60%.
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- May 2 2017
AIG completes sale of Fuji Life to FWD
The Japanese insurer will become a wholly owned subsidiary of FWD and will continue to operate under its current name.
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- May 2 2017
China insurers told to serve belt-and-road projects
In a guideline issued by CIRC, the industry is called on to expand its presence in the new Silk Road regions.
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- May 2 2017
Labuan records US$1.4bn rise in premiums
Last year also saw the highest underwriting margin since 2012 due to the higher premiums and lower claims.
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- April 28 2017
Stronger currency hurting Taiwan insurers
The continued strength caused NT$65.8 billion (US$2.18bn) in foreign-exchange related losses in the first quarter.
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- April 28 2017
Startup Singapore Life raises US$50m in funding
The Series A funding round is led by Hong Kong-listed Credit China FinTech and UK-based investment firm IPGL.
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- April 28 2017
AIA delivers record new business performance
The value of new business grew to US$884m during the three months ending February 28, up 55% from last year.
