Mr Wim Hekstra, who took over as Chief Executive at Sun Life Hong Kong (SLHK) in August 2013, paints a rosy picture of SLHK's operating environment in growing the Canadian company's individual life and industry-leading pensions business in a maturing economy that is Hong Kong.
By Al R Dizon
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Regional President for ACE in Asia Pacific, Juan Luis Ortega tells Asia Insurance Review about the insurer's growth path in the region.
By Ridwan Abbas
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"Awareness of the complexity of risk, agreement on strategy and action, and alignment to execute," are the three differentiators to the risk maturity of organisations, said Mr Eric Schaap, Regional Practice Leader - eSolutions Asia, Aon Risk Solutions, at the ISCA - Aon Risk Maturity Series on "Integrated Risk Management" which partnered with Risk and Insurance Management Association of Singapore (RIMAS) to co-organise the discussion. ISCA is the Institute of Singapore Chartered Accountants.
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AIA Group Limited (AIA) and Citibank N.A. have signed a landmark exclusive bancassurance partnership that encompasses 11 markets in the Asia-Pacific region.
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Mr Greg Carter, Director of Market Services, Capita Insurance Services, explains why a shared services platform for cash management and risk registration is needed in Lloyd's Asia and how it can help to achieve success in the marketplace.
By Benjamin Ang
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The ageing global population and the growth of the middle class are trends shaping the training needs of insurance professionals and how they should be recruited, trained and retained, said former MetLife Senior Vice President and now industry motivational guru Joseph Jordan in an interview with Asia Insurance Review.
By Al R Dizon
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Net earned premium for the general insurance industry in the year ended 30 September 2013 was A$30.5 billion (US$27.33 billion), up 7.9 % from the previous year (A$28.2 billion).
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Australia can reduce the impact on government budgets of having to respond to disasters by more than 50% if it invests in cost-effective resilience and preventive activities, according to a White Paper "Building our Nation's Resilience to Natural Disasters" by the Australian Business Roundtable for Disaster Resilience & Safer Communities.
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The political unrest over the past several months by opposition parties in Bangladesh has severely affected the insurance industry in Bangladesh, especially non-life insurers.
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China's insurance industry is likely to continue to grow next year, although not at the stellar rates seen for the past decade. But their growth path appears to be more sustainable, according to a S&P report released recently, titled "Chinese Insurers Seek Shelter In Slower But More Sustainable Growth Models."
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The China Insurance Regulatory Commission (CIRC) has made preliminary steps towards the setting up of captive insurers by giant corporations, following the establishment of the country's first captive insurance company after more than a year of preparations.
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The Hong Kong Federation of Insurers (HKFI) has expressed serious doubts about the effectiveness of the proposed Health Protection Scheme (HPS) in alleviating the burden of the public system.
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The Health Insurance TPA of India, the common in-house TPA of the four public sector general insurers, which was incorporated in August 2013 will begin business operations from 1 April 2014.
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NKSJ Holdings, Inc, is acquiring privately-owned British firm, Canopius Group Ltd, through its wholly-owned direct subsidiary Sompo Japan Insurance Inc, for JPY99.2 billion (US$954 million).
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Following the growth of M&A insurance in North America, Europe and Australia, Singapore is set to become the M&A insurance centre for Southeast Asia with Ironshore Insurance aiming to provide deal facilitation tools and to have an expert underwriter based in its Singapore office.
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Capita Insurance Services announced the successful launch of the Lloyd's shared services platform with Amlin, Atrium and Chaucer being the first managing agents to sign up to the service.
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Fitch Ratings has said that the outlook for Sri Lanka's insurance sector is stable.
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The anti-government protests in Thailand will likely undermine investor confidence and detract from an already fragile growth outlook for 2014, said Moody's Investor Service.
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