Country: Asia Page 375 / 429
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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%.
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- August 25 2016
Anbang’s Hong Kong insurance unit to go public
The Chinese insurer has reportedly invited investment banks to pitch for roles on the IPO of its life insurance business.
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- August 25 2016
China’s reinsurance market to reach US$198bn by 2020
As the market grows, reinsurance premiums are expected to increase at a rate of 10% to 15% over the next few years.
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- August 24 2016
Dai-ichi’s subsidiary to acquire US Warranty Corp
The US$127m acquisition of the asset protection specialist is expected to conclude as early as this year.
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- August 24 2016
Malaysia’s Islamic insurers eye European markets
The continent's swelling Muslim population presents a long-term opportunity.
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- August 24 2016
Taikang aims for public listing in three years
The group will first consolidate its structure and lay out a clear strategy for the future.
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- August 23 2016
Singapore to improve ElderShield
The enhancement will complete the strengthening of Singapore’s social safety net during the past decade.
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- August 23 2016
Malaysia’s employment insurance needs more study
More research is needed before the scheme can be implemented across the country.
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- August 23 2016
Korea Deposit Insurance seeks Woori Bank buyers
The government is attempting to dispose of the controlling stake in the bank for the fifth time.
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- August 22 2016
India pushes outsourcing norms for insurers
Activities such as medical examination, claims investigation and recovery may be outsourced under the new proposal.
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- August 22 2016
Samsung Life to buy bigger stake in Samsung Securities
The Korean insurer is set to buy the 8% stake from its affiliate, Samsung Fire & Marine, it said in a statement.
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- August 22 2016
Chubb names new Singapore head
Adam Clifford becomes country president for general insurance in Singapore, subject to regulatory approval.
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- August 19 2016
How Ping An is crushing the competition
The group comfortably beat analyst estimates with its first-half results announced this week, delivering profit growth of 17.7%.
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- August 19 2016
No slowdown in Indonesia’s regulatory zeal
The president has approved plans to create holding companies for state-owned enterprises, eventually including entities for insurance.
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- August 19 2016
Indian life insurers post double-digit growth
Industry officials credited the surge to huge participation in unit-linked insurance plans.
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- August 19 2016
Growth in Hong Kong life sector slowing
Weak domestic demand and new regulations in China are beginning to curb expansion.
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- August 19 2016
Japanese life firms want independent oversight
Key players in the industry are urging corporate Japan to strengthen oversight by outside investors.
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- August 18 2016
Philippines to develop new mortality table
The regulator will develop an updated table consistent with current underwriting and marketing practice.
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- August 18 2016
Vietnam sets social and health insurance targets
The country is aiming for at least 50% of the population to have social insurance coverage by 2020.
