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- September 1 2017
Aviva Asia launches Vietnam subsidiary
The insurer considers Vietnam a market with high growth potential and Asia as a region of strategic importance.
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- August 31 2017
Singapore sees first digitised direct insurance broker
Startup app PolicyPal will begin operating under its subsidiary BaoXianBaobao this week.
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- August 31 2017
Willis Towers Watson hires P&C consulting head for S Asia
David Maneval will be responsible for developing the non-life insurance consulting practice across Singapore, Thailand, Indonesia, Malaysia and Vietnam.
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- August 30 2017
Prudential, Great Eastern name new Singapore hires
Roy Lim becomes chief agency officer for Prudential while Wee Ai Ning is promoted to CIO at Great Eastern.
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- August 28 2017
Philippine brokerage activities show modest hike
Premium income reached US$994m in 2016, representing an increase of 2.46% from 2015.
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- August 25 2017
JLT and Munich Re launch Philippines parametric product
The two companies will jointly develop and offer an insurance solution to cover typhoon risks.
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- August 25 2017
Mitsui Sumitomo to buy Singapore’s First Capital
The deal will see it pay US$1.6bn to the existing owner, Canada's Fairfax Financial Holdings.
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- August 24 2017
Tokio Marine & Nichido Fire enters Cambodian market
The Japanese insurer has established a representative office in the capital Phnom Penh and will start operations year end.
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- August 24 2017
Lazada, AIG forge online cover deal in Malaysia
South-East Asia's biggest e-commerce platform has teamed up with AIG to sell insurance on its platform.
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- August 23 2017
Chubb names new Singapore financial lines head
Johannes Gschossmann will lead day-to-day management of the portfolio, including all underwriting and market-related activities.
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- August 23 2017
Philippines social security seeks private insurers
The state-run programme is planning to tap private companies to insure 35 million of its members.
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- August 22 2017
Malaysia urged to regulate healthcare fees
Authorities have called on industry players to address the issue of escalating inflation of medical insurance.
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- August 22 2017
Philippine insurers to submit regular reports to IMF
The submissions are intended to enhance data transparency and promote sound statistical systems.
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- August 18 2017
Philippines launches parametric disaster programme
The pilot scheme will provide parametric disaster coverage for 25 at-risk provinces in partnership with World Bank.
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- August 18 2017
Bank Negara on captives
Governor Muhammad bin Ibrahim gave the keynote address at the Asian Captive Conference 2017 in Kuala Lumpur.
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- August 18 2017
Foreign insurers in Malaysia pressured to trim shareholdings
Four companies have until the end of this month to reduce their holdings and divest to local partners in line with new regulations.
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- August 18 2017
QBE puts emerging markets business under review
Operations in Thailand and Colombia face closure after poor results led investors to question strategy.
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- August 17 2017
Harness captives responsibly, says Bank Negara governor
Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.
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- August 16 2017
Axa appoints new CEO for Singapore unit
Jean Drouffe takes over the reins from Doina Palici-Chebab, who has been promoted to the position of interim regional CEO of AXA Asia.
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- August 15 2017
Philippines tests parametric scheme for disaster-prone provinces
The government has allocated US$20m to a pilot project that will offer quick-disbursing payouts based on a catastrophe model.
