Country: East Asia Page 82 / 215
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- February 3 2022
Taiwan non-life profits up 33%
Demand for health insurance drove strongest premium growth in more than a decade.
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- January 31 2022
HKIA fines insurers US$900,000 for regulatory failures
Metlife and Metropolitan Life in Hong Kong broke anti-money laundering and counter-terrorism rules.
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- January 31 2022
China reports 58% surge in motor cover
As the amount being insured has risen, premiums have fallen by 5.7% - a positive for the market.
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- January 26 2022
China electric car company NIO launches broker
Policy push by Beijing means cleaner energy vehicles are becoming increasingly popular.
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- January 25 2022
South Korea’s digital insurers face tough road ahead
Digital disruption is starting with motor insurance. Deeper market penetration may prove harder.
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- January 25 2022
Japan’s P&C players to focus on property, specialty: GlobalData
Growth areas include cyber, event cancellation and business interruption.
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- January 24 2022
CPIC records life and P&C premium growth for 2021
P&C premiums at the Shanghai-headquartered insurer grew by over 3% to US$24.2bn.
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- January 24 2022
Peak Re appoints P&C head of product underwriting
Piotr Nowakowski joins in February in Hong Kong and was most recently at Echo Re.
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- January 24 2022
Tokio Marine accused of failing climate promises
The Japanese insurer, as well as Chubb and Mapfre, criticised over Brazilian drilling.
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- January 21 2022
AM Best upgrades Taiwan’s Hotai Insurance
Taiwan's largest motor player has been improving its combined ratio in recent years.
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- January 20 2022
CBIRC releases interim unified supervision framework
The new rules will take effect from March 1 and apply to off-site supervision.
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- January 20 2022
FWD raises US$200m from ORIX and Huatai Securities
The Hong Kong insurer launched a private placement in December.
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- January 20 2022
Taiwan life premiums to hit US$120bn in 2025: GlobalData
The increase will be driven by an aging population and investment insurance.
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- January 19 2022
China Taiping GI’s 2021 GWP decreases 2% from previous year
The Chinese P&C subsidiary recorded US$4.33bn of GWP in 2021.
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- January 19 2022
Xi Jinping comments are welcome news for foreign (re)insurers
Chinese leader hints at more deregulation as Gallagher becomes the latest overseas entrant.
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- January 18 2022
Integra signs partnership with major South Korean adjuster
Seoul-headquartered International Adjusters & Surveyors (Iasco) has over 600 staff.
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- January 18 2022
Ping An sees P&C GWP fall in 2021
The insurer generated US$42.5bn of non-life gross written premium last year.
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- January 17 2022
South China Insurance’s underwriting margin under pressure: AM Best
The narrowing is due to the increased claims experience and its expense ratio.
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- January 13 2022
China Life appoints temporary chairman amid investigation
Non-exec director Yuan Changqing steps up after Wang Bin suspected of discipline breaches.
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- January 12 2022
The pandemic accelerated a digital ‘structural shift’: AFF
There is more work to do to utilise data for product design and claims, according to experts at the Asian Financial Forum.
