Country: Asia Pacific Page 468 / 522
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- August 4 2016
Capital requirement for Philippine insurers to double
All existing insurers will have to increase their minimum capital to Ps550 million by the end of 2016.
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- August 3 2016
Korean non-life profits recover in first half
The favourable performance has been credited to the easing of losses in the auto sector.
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- August 3 2016
Singapore to finance insurance tech startups
Eligible startups will include those working on claims processing, fraud prevention and automated advice.
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- August 3 2016
Anbang’s plan to buy Allianz Korea still in limbo
The group hasn't applied for government approval, drawing speculation that the acquisition has stalled.
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- August 2 2016
Maybank Ageas plans to double in size by 2020
Malaysia’s fourth-largest insurer has not ruled out acquiring other insurers to boost its size.
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- August 2 2016
Capital rules not costly for Philippine HMOs, says IC
Higher paid-up capital unlikely to translate into higher costs, according to the Insurance Commission.
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- August 1 2016
China sells first quake policy
The country's first earthquake insurance policy was recently sold in Tangshan province.
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- August 1 2016
China insurance industry sees 54% drop in profits
The falling returns were largely due to the gloomy stock market, low interest rates and economic slowdown.
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- August 1 2016
OCBC suffers dip in insurance earnings
Singapore's second-biggest lender suffered from the performance of its insurance operations in Q2.
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- July 29 2016
India’s general insurance sector posts 20% growth
The country's private insurers continue to post better performance than their counterparts in the public sector.
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- July 29 2016
Manulife and QBE enter distribution agreement
The products under the agreement cover travel, motor, home and employee compensation insurance.
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- July 29 2016
China calls for slowdown on global capital standards
Chinese insurance regulators have asked for a go-slow approach in developing international insurance capital standards.
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- July 29 2016
AIA Group posts record growth in new business
The largest independent publicly-listed pan-Asian life insurance group posted a record 37% growth in the first half.
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- July 28 2016
China begins checking on insurers’ bad practices
The country's insurance regulator is cracking down on insurers whose bad industry practices have gone unchecked.
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- July 28 2016
Korea’s KDB Life struggles for buyers
There seems to be no takers so far for the insurance unit of state-owned lender Korea Development Bank.
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- July 28 2016
Foresea Life likely to win bid for Asia Capital Re
The Chinese company, owned by Baoneng Group, is expected to win the bid for the Singapore-based reinsurer.
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- July 28 2016
Philippines to implement bill of rights for policyholders
The insurance regulator is beefing up efforts to protect clients with the implementation of standardised rights.
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- July 28 2016
Asian insurance markets face headwinds
But outlook remains positive as fundamental drivers of demand growth remain intact, at least for now.
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- July 27 2016
Hong Kong insurers defy asset slide
Insurers in the city managed to report a 3.5% increase in assets under management during 2015.
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- July 27 2016
Investment scope for Singaporean insurers broadened
The Monetary Authority of Singapore is considering relaxing restrictions imposed on insurers' investments.
