Country: East Asia Page 83 / 215
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- January 11 2022
China was second-largest insurance market again in 2021: CBIRC
The total claims payout was US$224bn in the first 11 months of the year, the regulator said.
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- January 11 2022
Hong Kong is a ‘great place’ for ILS: Asian Financial Forum
Execs from Zurich, Scor, HSBC and WTW highlighted appetite for nat cat bonds to manage climate risks.
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- January 10 2022
Jingwei Jia leaves Swiss Re Corporate Solutions
The Greater China chief executive left the firm last week on January 6.
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- January 10 2022
China Life’s chairman under investigation
Wang Bin is suspected of serious violations of discipline and law, according to a Chinese anti-corruption body.
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- January 10 2022
HK can help China with rising reinsurance needs: CBIRC vice chairman
Xiao Yuanqi was speaking on the first day of the 15th Asian Financial Forum.
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- January 10 2022
Hong Leong Insurance (Asia) in commercial expansion: AM Best
The Hong Kong insurer is looking to offset a drop in personal lines premiums during the pandemic.
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- January 7 2022
HKIA appoints Deloitte to take control of Target Insurance
The regulator said the insurer's investments might have breached statutory requirements.
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- January 5 2022
API opportunity opens up in Hong Kong
Execs at Axa and Manulife are hopeful a speedy open API regulatory framework can reap dividends.
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- January 5 2022
Japanese insurers struggle with overseas volatility
Non-life premiums from Asia Pacific declined by 11.2% as Covid restrictions took hold.
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- January 4 2022
CBIRC’s latest C-Ross rules could further squeeze market
Implementation of phase 2 starts in Q1 2022 and could hamper credit and surety premium growth.
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- December 31 2021
China Life (Overseas) eyes Asia expansion: Moody’s
The Shenzhen-based SOE already has operations in Hong Kong, Macau, Singapore and Indonesia.
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- December 31 2021
HSBC gets regulatory nod to buy out China life JV
Regulatory approval comes around 18 months after the deal was first announced in May 2020.
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- December 31 2021
Japan’s ‘Big Three’ primed for SE Asia growth
Sompo, Tokio Marine and MS&AD have all launched a number of initiatives in Thailand, Vietnam and Singapore this year.
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- December 30 2021
HKIA formalises ILAS assessment
The Hong Kong Federation of Insurers welcomed the move saying it could boost the linked long term market.
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- December 30 2021
China Pacific Property Insurance to get non-motor boost
Moody's report suggests agriculture could be a key source of premium growth for the P&C player.
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- December 29 2021
CBIRC: 2020 Covid claims totaled US$77m
Covid-related claims accounted for less the 1% of total industry pay-outs in 2020.
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- December 28 2021
Tokio Marine sees NPW rise as rates harden
Domestic NPW at Japan's largest P&C player increased by 3.2% in H1 2021 while overseas premiums increased by 8.9%.
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- December 28 2021
Hong Kong’s ICB ups jurisdiction limit
The increase to US$150,000 will come into effect from January 1, 2022.
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- December 28 2021
Sompo Japan’s overseas premium rates to increase in 2022: Moody’s
Sompo saw 26% increase of overseas premium in the first half of 2021.
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- December 24 2021
Korea’s FSC flags health, IFRS 17 as 2022 insurance priorities
The regulator has also introduced measures this year that allow insurers to expand their digital offerings.
