Country: East Asia Page 105 / 206
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- July 23 2020
CBIRC delegates authority for majority of P&C insurers
Local authorities to become responsible for 64 P&C players.
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- July 22 2020
China’s regulator seeks to shore up life giant
Huaxia Life employs around 500,000 people and has been linked to several rivals.
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- July 22 2020
CBIRC urges insurers’ support for flood-hit regions
Direct economic losses have soared past US$12bn.
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- July 21 2020
Aviva wraps up US$324m Friends Provident deal
The deal has been pared down, and was originally expected to complete in 2018.
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- July 21 2020
HK’s financial regulators restate security bill commitment
Financial secretary Paul Chan urges regulators to clarify the law and reassure stakeholders.
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- July 20 2020
China’s worst floods in 30 years renews focus on risk
Greater public-private collaboration and advanced modelling is needed.
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- July 20 2020
China seizes insurers linked to billionaire Xiao Jianhua
The Chinese state takes control of several firms linked to Xiao after discovering irregularities.
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- July 20 2020
Chinese insurers record healthy H1 premium growth
Life and P&C players are experiencing a solid uptick in sales compared with 2019.
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- July 17 2020
Hong Kong passes bill to reduce insurers’ profit tax
The Insurance Authority says the changes will fortify the city's competitiveness.
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- July 17 2020
China to remove restrictions on insurers’ equity investments
Chinese insurers hold over US$3 trillion in assets.
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- July 16 2020
Korean insurers under heightened FSS scrutiny
Both non-life and life players have been targeted by the financial regulators.
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- July 16 2020
Taiwan’s Cathay Life to take majority stake in Indonesian bank
The Taiwanese insurer sticks to its strategy.
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- July 15 2020
Japan flood losses to reach “hundreds of millions”: report
Aon says insurers are expecting at least thousands of claims.
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- July 15 2020
Securities class action and D&O ramping up worldwide: report
Australia's "thriving" litigation activity has led to a surge in D&O costs and demand.
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- July 15 2020
MS&AD invests in tech to track climate change risks
A new partnership could be game-changing for (re)insurers and asset managers in Asia.
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- July 13 2020
Tahoe Group exploring sale of Tahoe Life: report
A sale for the troubled Chinese conglomerate could raise US$1bn.
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- July 10 2020
Japan’s majors to hike rates after paying out billions
Several years of major nat cats means price rises for fire insurance next year.
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- July 10 2020
Chinese motor reforms are “credit negative” for insurers: Moody’s
The regulator's sweeping changes could increase loss ratios from 60% to 75%.
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- July 9 2020
Insurance Authority’s Cheung on HK’s regulatory path
The regulator wants to promote confidence in HK's market potential, and its cross-border tie-ups.
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- July 8 2020
Japan’s torrential July rainfall manageable for P&C players
Loss estimates not yet released from the wild recent weather but Moody's isn't too concerned.
