Industry Segments: Life Page 42 / 53
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- March 18 2016
Chinese customers spent US$4.2bn in HK in 2015
The amount represents roughly a quarter of the total premium income from new life policies in the city.
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- March 17 2016
Ping An’s profit jumps 38% in 2015
The Chinese insurer made a net profit of US$8.3 billion in 2015, its highest earnings result since 2003.
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- March 17 2016
US approves Anbang’s acquisition of Fidelity & Guaranty
The US$1.57bn deal will make Anbang one of the biggest insurers by market share in fixed-indexed annuity products.
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- March 16 2016
Life coverage in Malaysia insufficient, says industry group
Penetration may be high, but majority of the covered population is under-insured according to LIAM.
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- March 16 2016
Cathay Life to raise overseas investments this year
Amid a persistent low-yield environment, the Taiwanese insurer continues to search for higher returns abroad.
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- March 15 2016
Prudential, AIA hit by China’s HK sales restriction
China's central bank has tightened restrictions on insurance purchases by mainlanders in Hong Kong.
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- March 11 2016
Asean offers big potential for Vietnamese firms
An official at the country's finance ministry says the Asean Economic Community will provide substantial opportunities.
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- March 11 2016
Singapore urges life insurers to improve services
The Monetary Authority of Singapore wants to see service standards that meet consumer expectations.
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- March 10 2016
Nippon Life launches new product despite negative rates
The Japanese insurer said it will launch its new longevity insurance product in April.
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- March 9 2016
Chinese firms aggressively pursuing M&A deals in Korea
Players in the Korean market face worsening profits, which is creating buying opportunities for mainland firms.
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- March 7 2016
Zurich Australia buys Macquarie’s life business
The Swiss insurer has paid a still undisclosed amount for the acquisition, which is due to close in the second half.
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- March 3 2016
Japan’s major life firms turn their backs on JGBs
Negative yields on some Japanese government bonds are forcing the country's life insurers to look at foreign bonds.
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- March 2 2016
Negative rates push Japanese firms to raise premiums
The consequences of the Bank of Japan's policy continue to spread in the country's financial sector.
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- March 1 2016
Unit-linked business forecast to still grow in Indonesia
The Indonesian Life Insurance Association forecasts growth of 10% to 15% this year to more than US$6bn.
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- March 1 2016
Taiwan legislators consider revision of insurance law
The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.
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- March 1 2016
Thailand exempts insurers from foreign business licence
The government is making it easier for foreign financial firms to operate in the country, says Baker & McKenzie.
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- February 29 2016
Philippine premiums forecast to hit US$5.9bn this year
The Philippine Insurance Commission says further expansion expected in both the life and non-life sectors.
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- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
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- February 26 2016
AIA reports 22% full-year profit decline
Asia's third-largest insurer cited weaker regional currencies and stock market gyrations for the profit decline.
