Country: East Asia Page 167 / 206
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- January 17 2017
Nan Shan Life takes over Chaoyang Life in Taiwan
The Taiwanese government is paying NT$200m to take over loss-making insurer before May this year.
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- January 16 2017
Sony Life inks deal with Australia’s ClearView Wealth
The agreement will see the two companies sharing information to drive efficiency and growth.
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- January 16 2017
Premium income up 29% in China
The country's insurers earned US$449.4bn from premiums in 2016, according to CIRC.
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- January 13 2017
China investigates PICC president Wang Yincheng
Wang was reportedly taken away by authorities from the insurer's Beijing headquarters last Monday.
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- January 11 2017
Taiwan to create long-term healthcare agency
The Ministry of Health and Welfare is planning to push forward the government's long-term care program.
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- January 11 2017
China releases medical reform plan
The government plan puts an emphasis on insurance reforms and improvements for the period 2016-2020.
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- January 10 2017
Auto market to drop 70% say Korean researchers
A study by the Korea Insurance Research Institute forecasts a steep decline in developed countries.
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- January 9 2017
Lloyd’s plans China expansion
Chairman John Nelson outlines plan to further expand on the mainland as part of its Vision 2025 strategy.
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- January 6 2017
HK insurers wince as China adds more FX restrictions
Authorities have taken new steps to prevent mainland customers buying insurance products in the city.
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- January 6 2017
Mixed reaction to Hong Kong’s health insurance scheme
The dropping of guaranteed acceptance and a high-risk pool has caused controversy in the industry.
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- January 5 2017
Korea will make fourth attempt at KDB Life sale
Sources say that KDB has extended the maturities of two funds created to look for a new buyer.
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- January 5 2017
CIRC further tightens rules on insurance industry
The regulator now requires a compliance management system on the holding company of an insurance conglomerate.
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- January 4 2017
Chinese insurers face tighter profit margins this year
Analysts warn that low interest rates and increased regulation will further weaken investment returns.
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- January 4 2017
Aon Hewitt names Peter Zhang as new China CEO
He succeeds Klaus Liu, who will take on the role of chairman of the consulting business in Greater China.
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- December 23 2016
China tightening issuance of insurance licences
The move comes amid efforts to reduce risks resulting from aggressive business and investment practices.
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- December 22 2016
ING Life among 20 firms to go public in Korea in 2017
Korea's fifth-largest insurer by assets is expected to join about 20 companies going public during the second half.
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- December 21 2016
Chinese insurer Zhongan scraps HK IPO plan
Instead, the insurer, which has more than 400 million customers, is considering listing in mainland China.
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- December 20 2016
Hong Kong caps insurance purchases of Chinese residents
Authorities roll out a series of curbs to control insurance-related outflows.
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- December 19 2016
China warns insurers on failed self-inspections
CIRC has warned 10 companies that failed to properly undertake self-inspections on their risk levels.
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- December 19 2016
2016 disasters cost US$158bn, says Swiss Re
Insured losses rose by 30%, but covered less than a third of the costs incurred from catastrophes.
