Country: East Asia Page 90 / 215
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- September 7 2021
Chaucer helps China Re fend off domestic slowdown
The specialty subsidiary saw strong premium growth as the reinsurer's motor business stalled at home.
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- September 6 2021
Tokio Marine buoyed by strong domestic position: AM Best
The P&C player's 25% market share of net premiums in Japan cushioned the global impact of Covid-19.
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- September 6 2021
CBIRC issues draft insurance guidelines: report
The regulator is seeking public comment on proposed rules to decrease financial risks amid heightened industry oversight.
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- September 6 2021
Sompo Japan improves at home but overseas profits hit
The P&C player's overseas business was adversely impacted by the Covid-19 pandemic.
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- September 3 2021
Asia’s P&C reinsurers rise in global ranking
China Re has surpassed Lloyd’s in AM Best's reinsurer Top 50 list.
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- September 2 2021
China Railway’s captive saw US$89m GWP in 2020: Moody’s
The rating agency notes that the insurer's combined ratio rose to 91% in 2020 from 75% the previous year.
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- September 2 2021
South Korea’s P&C profits under pressure as social distancing eases
Non-life income has increased by 47.5% in H1 2021 but higher loss ratios are forecast.
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- September 1 2021
Taishan P&C investments help neutralise underwriting losses
The insurer's non-motor book, excluding agriculture, posted a combined ratio of 114% last year.
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- September 1 2021
HKIA signs fintech MoUs with China and Macau
The agreement is part of a wider integration push across the Greater Bay Area promoting financial connectivity.
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- September 1 2021
Fubon P&C sees over 30% decline in premiums in H1 2021
Plans to grow the firm's non-motor reinsurance business in China faces intense competition, AM Best says.
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- August 31 2021
Hong Kong’s H1 GWP falls 2.2% to US$39.5bn
HKIA says general insurance underwriting profits improved from US$80m to US$102m in the first half of the year.
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- August 31 2021
China’s insurers struggle for growth amid Covid, new regulations
Renewals to take on added importance as new business faces challenging environment.
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- August 30 2021
Macau Insurance sees ‘positive’ 2020 results: AM Best
The non-life player's performance was driven by a better net loss ratio in its medical and motor business lines.
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- August 30 2021
Insurtech OneDegree raises US$28m and targets China, Singapore
The virtual insurer plans to move into human health and digital asset insurance and has global ambitions.
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- August 30 2021
Swiss Re CorSo’s former North Asia property head resigns
IAN understands that Vivian Zee is leaving next month while Gracie Qin is relocating to Hong Kong.
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- August 27 2021
Ping An’s net profit down 15.5% after China Fortune hit
The Chinese insurance giant promises to strengthen risk management after developer default impacts results.
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- August 27 2021
Toa Re overseas arms improve top-line but impact profitability
The Japanese reinsurer's overseas subsidiaries accounted for more than 25% of the firm's total premiums.
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- August 26 2021
China Life’s H1 profits jump 34.2%
GWP growth at the life giant has been sluggish as the economy continues to recover from Covid-19.
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- August 25 2021
HKIA report identifies US$880bn mortality protection gap
The findings translate to HK$1.9m per working adult -- around 5.7 times the average annual income.
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- August 25 2021
Peak Re sees H1 2021 GWP dip as profits rise
The Hong Kong-based reinsurer’s underwriting improved due to “portfolio adjustments” and “continued rate hardening in major markets”.
