Country: East Asia Page 145 / 211
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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.
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- August 13 2018
Competition, low premiums pull down Korean auto insurance
The country's motor market saw a 1.2% contraction during the first half of the year.
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- August 10 2018
Ping An targets US$50bn+ Pru acquisition
Rumours about the potential acquisition came as a surprise to many, including the Pru.
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- August 10 2018
Ping An eyeing Pru’s Asia business
The Chinese insurer has reportedly already sought its government’s initial approval on the matter.
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- August 9 2018
China resumes inquiry into insurance officials
Close to 40 regulatory personnel have been under investigation since mid-July.
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- August 6 2018
Fubon Life fined for inadequate documentation
Poor record keeping of company business practices has resulted in fines of US$411,000 by the FSC.
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- August 3 2018
China’s solar challenge
Solar power poses a particularly tricky problem due to panel warranties that typically provide a 25-year guarantee.
