Country: Asia Pacific Page 479 / 515
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- February 16 2016
Sumitomo Life eyes investments in foreign corporate bonds
Japanese giant Sumitomo Life is reportedly planning to expand its foreign corporate bond investment to boost returns.
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- February 15 2016
AIG Indonesia launches trade credit insurance
The company is cashing in on the government's plan to boost non-oil and gas commodity exports.
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- February 15 2016
Korean firms post 13.3% earnings rise in 2015
The double-digit growth was attributed to increased non-operating profits and investment-related earnings.
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- February 12 2016
China’s inevitable devaluation will pour more pain on industry
Flood of money leaving China is bad news for international insurers that have focused on Asia as a source of growth.
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- February 12 2016
Singapore’s single-premium life policies rise 28% in Q4
The Life Insurance Association (LIA) Singapore attributed the growth to the policies paid for with Central Provident Fund money.
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- February 12 2016
Tax revenue on Philippine premiums hits five-year high
The tax office says it collected the most revenue from insurance since 2009, despite a much lower tax rate introduced in 2011.
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- February 12 2016
India likely to keep cap on brokers’ commissions
The local regulator has said that it cannot easily remove the existing caps on commissions and other remunerations.
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- February 11 2016
LIAM defends strict regulation of Malaysia’s life industry
The Life Insurance Association of Malaysia issued the pronouncement in response to a letter published in The Star newspaper.
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- February 11 2016
China becomes third-largest market in the world
The market was valued at US$1.83 trillion last year, more than double the value five years ago.
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- February 11 2016
Meiji Yasuda’s US$5bn StanCorp acquisition approved
The Japanese life insurer has reportedly won regulatory approvals in the US and Japan for its landmark acquisition.
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- February 11 2016
Bangladesh restricts Metlife from sending profits to US
IDRA has refused to issue a permit for the insurer to repatriate its profits to its headquarters in the US.
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- February 8 2016
Indian firms forecast rise in catastrophe premiums
Expected hike estimated to be up to 20% for next fiscal year.
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- February 8 2016
Group says insured losses in Tianjin blast likely to near US$6bn
International Union of Marine Insurers (IUMI) sees losses as largest in marine history.
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- February 8 2016
Indonesia exempts unit-linked life products from new bond rules
Firms will soon be allowed to manage their own portfolios in government bonds independently.
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- February 5 2016
China takes aim at Hong Kong offshoring practice
The government is concerned that purchases of insurance in Hong Kong are being used to move money offshore.
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- February 5 2016
Korea regulator probes alleged premium cartel
Four mid-sized insurance firms are accused of colluding to increase car insurance premiums.
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- February 5 2016
Dah Sing’s US$1bn insurance asset lures Chinese firms
More than 20 Chinese property developers and other firms have shown strong interest in bidding.
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- February 5 2016
India’s LIC sees market share plunge in December
The fall is attributed to the lack of a unit-linked insurance plan when India's stock markets recovered last year.
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- February 5 2016
Philippine government taps insurance funds for projects
New regulations are needed to facilitate investments by the sector in PPP infrastructure projects.
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- February 4 2016
Indonesia’s legislators seek limits on foreign ownership
No decision yet on threshold, says OJK, but existing majority owners are hoping for an exemption.
