Insurance
Hong Kong adjusts insurance premium levy rate to 0.1%
Hong Kong adjusts insurance premium levy rate to 0.1%
Levy cap is at HK$100 for life policies and HK$5,000 for general policies.
Japanese insurers eyeing US bonds again
US bonds are becoming attractive with yields nearing 2%, insurers say.
Capacity in SEA property market curb price hikes: report
Regional pro rata capacity remained tight but unlocked in most cases.
China Strategic in talks to buy Hong Kong Life
The insurer could be valued at between $400m and $500m.
South Korean insurer lending rose 7.8% in 2020
Outstanding loans totaled $224.4b as of end-December.
Families of Taiwan train crash victims entitled to $158,000 from insurers
It includes a $88,000 basic coverage in carrier's liability from Cathay Century Insurance.
AXA Singapore floats two new ESG investment-linked funds
These are managed by asset managers Mirova and Robeco.
Insurers expanding doctor panels for IP plans: LIA Singapore
All panel fees are also within the health ministry's benchmark.
Malaysia's non-life insurers 'disciplined' despite pandemic: report
Adequate capital has supported industry profitability, analysts say.
AXA Hong Kong floats SmartHome Plus e-voucher
The e-vouchers can be purchased as corporate gifts.
LIA Singapore, AIA counter criticisms of Integrated Shield Plans
Expanding panels to all private specialists may lead to higher premiums.
Hong Kong commences group-wide supervision of ILS business
The new rules expand the scope of insurable risks for captives.
China Life Insurance 2020 net profit tumbles to $7.7b
Gross written premiums rose 8% to $93.6b.
Indian lawmakers approve higher FDI for insurers
It will expand insurance penetration and boost valuation of insurers.
South Korean insurers' net profit jump 13.9% in 2020
This was partly attributed to lower car accidents during the pandemic.
China's PICC sees 2020 net profit fall 10.4%
Its P&C segment's net profit also dropped 16.4%.
Bank of East Asia sells life insurance unit to AIA for $644m
BEA will distribute life savings products to retail clients in Hong Kong and the mainland.
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