Country: Asia Pacific Page 437 / 490
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- July 26 2016
China underinsured based on recent flood claims
Claims arising from the recent flooding are expected to reach a small fraction of the full economic loss.
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- July 25 2016
Discovery enters Japan market with Sumitomo, Softbank
South Africa’s third-biggest insurer plans to introduce its health reward programme, Vitality, with its new partners' help.
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- July 25 2016
Korean insurers log record outbound investment
Low yields at home have driven increased overseas investment in a bid to generate higher returns.
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- July 25 2016
Prudential, Taiyo pull out from Bangladesh entry
The two insurers are reportedly withdrawing their plans to expand in the saturated but underdeveloped market.
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- July 22 2016
Foreign health insurers need to take risks in China
The market is huge and growing rapidly, but regulatory challenges will prevent all but the biggest foreign players from succeeding.
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- July 22 2016
EQ Insurance partners with Validus Capital
Singapore insurer to offer investor protection to SME lending platform Validus Capital.
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- July 22 2016
Korean policyholders spend US$3,000 on average on cover
Korea’s premium per person is 18th highest in the world according to Swiss Re.
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- July 22 2016
Dai-ichi to open business in Cambodia
Japanese major scheduled to open a representative office in Phnom Penh by end of July.
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- July 21 2016
Chinese insurers hampered by weak risk management
Insufficient risk management professionals and tools make transition to a new risk-oriented solvency system challenging, says PwC.
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- July 20 2016
ICICI Pru Life’s IPO poised to be India’s biggest in six years
The listing is expected to take place this year, with proceeds of up to US$745m going to majority owner ICICI Bank.
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- July 20 2016
Khazanah eyes control of Hong Leong insurance arm
The Malaysian state-owned fund is reportedly considering an US$800m bid for control of the two companies.
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- July 20 2016
Taiwan set to tighten rules on life insurance products
Regulators intend to lower the current 5% insurance policy bancassurance fees to 3.5% to contain costs.
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- July 20 2016
Manulife Vietnam gets green light to raise charter capital
The approval means Manulife Vietnam can raise its charter capital by 38%, its second hike in eight months.
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- July 19 2016
Indian life firms post strong growth
Statistics from June show a 23% increase in annualised premium equivalent, according to Kotak Institutional Equities Research.
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- July 19 2016
Singapore regulator eases capital requirements
MAS has acknowledged the need to relax the capital requirements of insurers as revealed in a proposed revised framework.
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- July 19 2016
Thai Samsung aims for aggressive growth
After investing heavily in building a network of agents, Thai Samsung Life is now aiming to break even in the near future
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- July 19 2016
Vietnam imposes ceiling on foreign reinsurance
Foreign companies can now only reinsure up to 90% of their total insurance liability due to ‘issues with overseas reinsurance’.
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- July 18 2016
Regulations hinder Chinese firms’ Israeli ambitions
Transparency issues are making it hard for Chinese companies to pursue controlling stakes in Israeli insurance firms.
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- July 18 2016
FWD signs Vietnam distribution agreement
The 15-year bancassurance deal solidifies FWD’s market entry as it completes the acquisition of Great Eastern Life Vietnam.
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- July 15 2016
Berkshire launches two new D&O solutions
The products cover liabilities associated with capital raising Side A protection for corporate board members.
