Country: Asean Page 103 / 129
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- July 7 2017
Sale of SCB insurance unit to FWD halted
What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.
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- July 5 2017
Malaysia reminds foreign insurers of 70% ownership cap
Though the central bank says there are no new rules on foreign ownership in insurance companies.
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- July 4 2017
Fitch sees further growth in Indonesia’s insurance sector
The rating agency forecasts significant benefits from recent positive economic developments.
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- July 3 2017
Malaysia’s new motor insurance pricing scheme starts
The insurance industry will see stiffer competition for motor premiums as liberalisation sets in.
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- July 3 2017
Ageas, EastWest launch Philippines digital venture
Troo will address access to health care, education for children, as well as support during retirement.
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- July 3 2017
OCBC sells 33.3% stake in Hong Kong Life Insurance
The sale to First Origin International yielded a return of around US$309m.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 26 2017
Malaysian insurers to develop digital platform
The deal will set the foundation for a full-service life insurance and takaful aggregator portal.
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- June 23 2017
Five Philippine non-life insurers to exit industry
Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.
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- June 20 2017
Philippines insurers urge tax cut for non-life players
A local industry group says taxes should be reduced to be on par with their Asean counterparts.
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- June 16 2017
Singapore rocked by Lee family feud
The rift between Lee Kuan Yew's children is threatening the Lion City’s composure.
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- June 16 2017
Thai market continues to lose momentum
Premium growth slowed for the fourth year in a row to 3.9% in 2016, according to Allianz Economic Research.
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- June 16 2017
Indonesian life firms post huge premium growth
Premium income expanded 25.5% thanks to the popularity of unit-linked and traditional insurance products.
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- June 16 2017
Singapore firms ill-equipped against business liability
Most local companies are not prepared for the potential damage, according to results of a survey launched by QBE.
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- June 14 2017
Peak Re approved to open Labuan branch
The Hong Kong-based reinsurer has been granted approval-in-principle by the Labuan Financial Services Authority.
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- June 6 2017
Prudential starts microinsurance project in the Philippines
Online communities will be set up in rural cities Tacloban and Butuan to improve microinsurance literacy.
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- June 5 2017
Malaysian bank merger to create top general insurer
RHB Bank and AmBank are in merger talks to form a US$9bn group and claim the top spot in general insurance.
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- June 1 2017
Life premiums in Indonesia up 28%
Data released by the OJK shows that life insurers enjoyed solid premium growth in the first three months of this year.
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- May 25 2017
Tokio Marine to pare down stake in Malaysia business
The move is part of Bank Negara Malaysia’s ruling for foreign insurers to cut their stake to 70% in local life insurers.
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- May 24 2017
Malaysian liberalisation could raise penetration rate to 75%
The insurance and takaful penetration rate in the country has ranged between 54% and 56% over the last five years.
