Country: East Asia Page 139 / 206
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- August 31 2018
Hong Kong’s insurance handout
The government will offer tax incentives for the industry as it bids to establish the city as a regional hub.
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- August 31 2018
SoftBank and ZhongAn team up
The two companies have launched a technology joint venture that will see them both invest US$100m.
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- August 31 2018
Citi names new head of Hong Kong insurance business
Alson Ho will be responsible for the growth and management of Citi’s insurance business in the city.
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- August 30 2018
Hong Kong eyes tax incentives for specific insurance products
The move is part of the city's efforts to become an international hub for risk management.
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- August 28 2018
Korea’s non-life firms post 17% decline in net profit
The country's auto insurance sector has been forecast to continue to suffer a growing loss in the second half.
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- August 28 2018
Ping An looks to increase presence in overseas markets
The Chinese insurer plans to bring its financial and healthcare technology solutions to Asian markets.
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- August 27 2018
AIA posts 17% hike in new business
A rise in new business was a result of selling more high-margin insurance products, especially in China and Hong Kong.
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- August 27 2018
China Life profit up 34%
The positive result was driven by robust growth in its life and health insurance markets.
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- August 24 2018
MetLife appoints new president for Asian operations
Kishore Ponnavolu, who is currently head of auto and home business in the US, will relocate to Hong Kong.
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- August 24 2018
Markel appoints professional and financial risks underwriter
Gordon Lam joins from Beazley and will be based in Singapore initially and is expected to relocate to Hong Kong.
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- August 23 2018
Ping An profit up 34%
China’s second-largest insurer benefited from a spike in sales and improved efficiency from new technologies.
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- August 23 2018
HSBC to open insurance office in Shenzhen
The global banking giant seeks to expand its presence in China’s Greater Bay Area economic region.
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- August 22 2018
Korea’s life insurers post 6.7% net profit rise
Higher investment returns drove the strong result, according to the Financial Supervisory Service.
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- August 22 2018
Chubb makes senior leadership appointments for Hong Kong
Stanley Wong is named as the new country president for Hong Kong, Taiwan and Macau.
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- August 21 2018
China’s dip in premium income narrows
Life insurers, which constitute about 70% of total premium income, led the decline during the first half.
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- August 20 2018
Korea’s financial regulator takes action against Samsung Life
The move follows a refusal to accept minimum returns guarantees for immediate payment annuities.
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- August 16 2018
Japanese majors lose billions to floods, rains
The extreme rainfall and flooding in July have taken a toll on MS&AD, Tokyo Marine and Sompo.
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- August 15 2018
Moody’s sees China P&C industry remaining stable
The agency took into account regulatory measures being undertaken to protect the industry.
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- August 15 2018
Chinese insurers post adequate solvency ratio
The average solvency level was 241% for life insurers and 394% for P&C companies.
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- August 14 2018
Korea non-life insurers shoring up solvency capital
Companies face progressive tightening in risk-based capital measures and upward movement in interest rates.
