May 2016

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Asian News - Region: Expect more customised rather than simplified products in the future

Asian News - Australia: Draft life rules propose commission clawback exceptions

Asian News - Cambodia: Govt to draft new life insurance regulations

Asian News - China: NIRA aims to meet need for nuclear capacity

Asian News - China: Tough rules over short- and medium-term life products take effect

Asian News - India: Lloyd's to make long-awaited application for reinsurance branch

Asian News - India: Chennai floods largest Nat CAT last year

Asian News - Indonesia: Govt to set up National Shariah Finance Committee

Asian News - Indonesia: Asia Reinsurance Brokers renames local brokerage

Asian News - Japan: Earthquake kills more than 40, injures more than 1,500

Asian News - Japan: Govt offers trade insurance for infrastructure and other projects in Asia

Asian News - South Korea: Anbang's acquisition of Allianz unit roils local market

Asian News - Pacific Life Re to open branch in South Korea

Asian News - Macau: Life insurance market drives total premiums in 2015

Asian News - IGIH to grow KL office as regional hub

Asian News - Philippines: Sun Life tops life insurance industry in 2015

Asian News - Singapore: Cyber insurance mart to surge by 50% this year

Asian News - Singapore: Govt rules out unemployment insurance

Asian News - Thailand: Govt mulling plan to promote mortgage insurance

Asian News - Vietnam: Finance Ministry to set minimum reinsurance retention

Global News - 2015 global insured losses at US$30.5 billion is below 5- and 10-year average

Global News - Digitalisation not a silver bullet to cross-border barriers - Insurance Europe

Global News - Munich Re and Beazley to offer cyber protection for digital assets and IT infrastructure

Corporate Risk Management News - World Bank to help countries tackle climate risks

Corporate Risk Management News - RIMS 2016 highlights its expanding footprint in Asia

Product Bytes

Curtain Raiser - • Insurance Information and Ratemaking Forum of Asia (IIRFA) 2016: Striving for excellence through data analytics

The Insurance Information and Ratemaking Forum of Asia (IIRFA) will be holding its annual conclave in Hyderabad in May 2016. We speak to Mr R Raghavan, CEO, Insurance Information Bureau of India (IIB), the event's host on the purpose of holding this event in India and what the market can learn from it. By Jimmy John

Curtain Raiser - Nepal to host SAARC Insurance Regulators Meet and International Insurance conference

Nepal will be the host nation for the 3rd SAARC Insurance Regulators' Meet and International Insurance Conference, which was cancelled last year due to the devastating earthquake that hit the nation in April 2015. The country has not fully recovered from the tragedy but is ready to welcome delegates for the event which will be held on the 12-13 May 2016 in Kathmandu. By Jimmy John

Event Page - "Celebrating diversity, creating value" - IFoA

Event Page - Singapore: AIA cultivates digital health startups