Country: Asia Page 363 / 418
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- September 5 2016
Hanwha Life interested in Woori Bank
The Korean life insurer is considering a stake in the country's only state-owned commercial bank.
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- September 5 2016
AIG completes sale of Taiwan insurance unit
The deal involves the sale of AIG Taiwan's consumer and SME business to Nan Shan Life Insurance.
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- September 2 2016
Is the world ready for China?
The country is once again at the centre of attention as G20 leaders gather for the summit in Hangzhou.
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- September 2 2016
Insurance purchases by mainlanders hit record high in HK
The increase came even as China’s regulators took further steps to limit purchases of the products.
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- September 2 2016
Singapore introduces new rules on premium payments
The clearer rules are expected to lessen claim disputes between insurers and customers.
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- September 2 2016
Swiss Re unit secures HK general insurance licence
The new branch expands Swiss Re Corporate Solutions' operations across Asia Pacific to 10 offices.
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- September 1 2016
Philippine deposit insurer issues warning
The insured status of institutions that engage in unsafe deposit-related banking practices will be terminated.
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- September 1 2016
Tokio Marine eyes RHB’s general insurance unit
The deal is estimated to be worth up to US$500m, based on a price of around three times book value.
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- September 1 2016
Anbang seeks approval to buy Allianz Korea
The Chinese insurer has already won regulatory approval from authorities in Beijing.
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- August 31 2016
China Life to increase outbound investment
After a 67% profit plunge in the first half of 2016, the Beijing-based insurer is shifting US$47b offshore.
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- August 31 2016
HMOs want to renegotiate Philippines guidelines
An industry group says the new requirements are too stiff given that this is the first time they are being imposed.
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- August 30 2016
Indian life insurers keep up high growth rates
New premiums were buoyed by better distribution channels, low rates and better expectations from unit-linked products.
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- August 30 2016
China to limit insurers’ funding sources for M&A
The country’s insurance regulator is cracking down on aggressive acquisitions.
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- August 30 2016
Players urged to tap under-served takaful market
Penetration rates for takaful remain lower compared to the traditional insurance market.
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- August 29 2016
Taiwanese insurer ordered to pay premiums
Taiwan’s Nan Shan Life risks paying penalties if it does not contribute to its agents’ health insurance coverage.
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- August 29 2016
Japan’s quake insurance contracts top 60%
There has been a surge in coverage since the March 2011 earthquake and tsunami that struck the Tohoku region.
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- August 26 2016
China’s surging private health market
China’s crowded and inefficient public hospitals are encouraging people to turn to private health insurance.
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- August 26 2016
China cracks down on short-term policies
CIRC is identifying measures to suppress policies that compete with wealth management products.
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- August 26 2016
Malaysia’s general insurance industry grows 3%
The industry generated premium income of US$2.3b for the first six months this year, said PIAM.
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- August 26 2016
Korean insurers’ RBC ratio continues to rise
Under local regulations, insurance companies are required to maintain risk-based capital ratios above 100%.
