Industry Segments: Life Page 31 / 52
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- May 18 2017
China cracks down on universal life policies
The move is expected to hurt many Chinese insurers that have relied on the practice to fund investments.
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- May 17 2017
Dai-ichi Life posts sixth straight record profit year
Japan’s third-largest life insurer by revenue posted a net profit increase of 29.6% in the latest fiscal year.
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- May 10 2017
Singapore’s life insurance coverage up by 10%
The encouraging first-quarter performance reflects the Lion City’s efforts to narrow the protection gap.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 5 2017
Premiums in China up by a third
However, the pace of growth was lower than the 42% recorded for the same period in 2016.
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- May 5 2017
Two new life insurers enter Cambodia
Bangkok Life Assurance launched operations this week, while AIA is set to debut today.
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- May 3 2017
Philippine life market growing at rapid pace
The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.
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- May 2 2017
AIG completes sale of Fuji Life to FWD
The Japanese insurer will become a wholly owned subsidiary of FWD and will continue to operate under its current name.
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- April 28 2017
Startup Singapore Life raises US$50m in funding
The Series A funding round is led by Hong Kong-listed Credit China FinTech and UK-based investment firm IPGL.
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- April 28 2017
AIA delivers record new business performance
The value of new business grew to US$884m during the three months ending February 28, up 55% from last year.
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- April 27 2017
Philippines urged to follow UK reinsurance probe
A senior insurance executive has asked the regulator to take a closer look at foreign reinsurance brokers.
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- April 24 2017
Aviva acquires entire shareholding in Vietnam JV
The former joint venture with VietinBank is now a wholly owned subsidiary of the British insurer.
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- April 21 2017
India’s life market grows 26%
LIC remained the top performer, generating total new premium of Rs1.243tn for the period.
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- April 20 2017
High dividends draw investors to ING Life’s US$1.2bn IPO
The listing, which will be Korea’s second-largest IPO so far this year, is scheduled for the second week of May.
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- April 18 2017
China’s Union Life secures US$100m investment from IFC
The injection is expected to introduce overseas investment opportunities to help diversify its portfolio.
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- April 18 2017
Anbang’s US$1.6bn Fidelity deal collapses
The Chinese insurer has failed to secure the required regulatory approvals to acquire Fidelity & Guaranty Life.
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- April 12 2017
Growing crackdown in China insurance industry
Analysts expect more regulatory scrutiny after an investigation on the country’s insurance watchdog head.
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- April 10 2017
Old Mutual to sell 50% stake in China unit
The Anglo-South African financial group will offload its stake in joint venture Guodian.
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- April 7 2017
Dai-ichi Life seeks higher market share in South-East Asia
The Japanese insurer has been aggressively pursuing business opportunities in the region.
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- April 6 2017
Scor Global Life wins approval for Japan branch
The opening of the branch is part of a strategic plan to expand and deepen its franchise.
