Country: Asia Page 391 / 403
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- July 29 2015
China urges insurers to go digital
Insurance regulator CIRC has issued guidelines to encourage insurers to use the internet to reach more clients.
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- July 28 2015
China approves Anbang’s Vivat acquisition
The Chinese insurer will inject US$1.48 billion into Dutch state-owned Vivat as part of the deal.
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- July 28 2015
Indonesia relaxes insurers’ bond-buying rules
An initiative by the Indonesian Financial Services Authority is designed to help stimulate the local markets.
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- July 27 2015
Singapore proposes rules for public selling of insurance
Proposed guidelines to minimise risks to consumers from aggressive public marketing tactics.
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- July 27 2015
Japan’s Meiji Yasuda acquires StanCorp for US$5bn
Japanese insurer agrees to acquire all outstanding shares for US$115 per share in cash.
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- July 24 2015
Myanmar halts licences for foreign insurers
No reason disclosed for suspension of licences to operate in Myanmar's special economic zones (SEZ).
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- July 24 2015
China expands medical insurance for critical illnesses
The critical illness insurance system will cover more urban and rural residents.
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- July 23 2015
PhilNaRe to expand life and health business
Expansion in life and health follows PhilNaRe rise in market share to one-fifth last year.
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- July 22 2015
Asia’s non-life market to continue growth
Southeast Asia and emerging countries to lead premium growth of the non-life market this year, according to the Monetary Authority of Singapore.
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- July 22 2015
Tokio Marine looks for China growth opportunities
Japan's largest non-life insurer to use Citic's expertise and connections to accelerate business development in China.
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- July 21 2015
China to support online insurance businesses
China's central bank is encouraging insurers and other financial institutions to improve their online offering.
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- July 21 2015
Anbang bids for London’s Heron Tower
Anbang Insurance is bidding £750m for the tallest building in the City of London financial district.
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- July 20 2015
Japanese insurers seek overseas growth
With a shrinking population at home, Japanese insurers continue to pursue growth opportunities through overseas M&A.
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- July 20 2015
India fines public-sector insurers for rigging bids
The Competition Commission of India found four insurance firms guilty of rigging a tender in Kerala in 2009.
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- July 20 2015
Hong Kong’s top insurance bodies merge
IIHK and CII merger aimed at improving and strengthening standards in the city's insurance and financial services market.
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- July 20 2015
Typhoon Chan-hom claims predicted at US$350m
Insured losses are unlikely to exceed US$354.3m, according to AIR Worldwide's catastrophe risk modelling.
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- July 17 2015
Ageas seeks buyer for Hong Kong unit
Morgan Stanley is reportedly seeking bidders for a deal that could fetch more than US$1 billion.
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- July 17 2015
Skilled insurance brokers in demand in Singapore
A skills shortage in the Lion City is forcing insurers to look overseas for talented insurance specialists.
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- July 16 2015
Philippine insurers likely to hit US$4.4bn sales target
Sales growth likely to come from the country's non-life insurance sector, according to PhilNaRe.
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- July 16 2015
China Life posts record-high net income
China's largest life insurer posts a 103% rise in net income to NT$5.71 billion.
