Country: Asia Page 356 / 391
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- February 19 2016
Thai life firms bullish on higher growth in 2016
The Thai Life Assurance Association forecasts that GDP growth will help boost premium income by 9%.
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- February 19 2016
Indonesia’s takaful accounts for 6.2% of insurance market
Sharia insurance products now account for 6.2% of the country's market by gross written premiums.
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- February 18 2016
K-Sure to provide US$160bn trade insurance in 2016
The announcement comes at a time when Korea's all-important exports have been faltering.
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- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
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- February 18 2016
Taiwanese majors suffer earnings plunge in January
Life firms reported a 40% decline in earnings after a brutal downturn on Taiwan's stock market.
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- February 18 2016
Fosun cancels US$462m acquisition of Israeli insurer
The Chinese company says that conditions in global markets forced it to terminate the acquisition.
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- February 17 2016
Korea to fast-track claims for Kaeseong firms
Payments will be made within a month for companies affected by the closure of the North Korean industrial complex.
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- February 17 2016
China approves new online insurance venture
CIRC has approved Shenzhen Infogem Technologies' registration to operate an online insurance firm.
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- February 17 2016
Bangladesh orders MetLife to raise capital by almost 500%
The Insurance Development and Regulatory Authority arrived at the figure using its new solvency margin rules.
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- February 16 2016
Asia Capital Re taps Korean market
The Financial Services Commission is expected to decide on the application for preliminary approval on Wednesday.
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- February 16 2016
Vietnam on track for double-digit growth this year
The country's finance ministry said premium income in 2015 climbed by 21.4% to US$3 billion.
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- February 16 2016
CRRC buys US$676m stake in China United
State-owned China Railway Rolling Stock Corporation has bought a 13.06% stake in the Shenzhen-based insurer.
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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.
