Independent insurance brokers attending the Brokerslink Asia Pacific regional conference in Thailand in March were told to grasp with both hands the significant opportunities generated by the formation of the Association of Southeast Asian Nations (ASEAN) Economic Community in 2015.
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Hiscox, a global specialist group headquartered in Bermuda, has reached an agreement with Whittington Group, a Singapore-headquartered insurance services and investment business, to acquire its direct-to-consumer online operation DirectAsia.
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Seventy percent of life insurance executives who responded to a survey by Milliman on the forthcoming ASEAN Economic Community (AEC) believe that there are benefits to common regulation across all 10 member states of the regional grouping.
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South Korea, China, Hong Kong and Singapore scored the lowest in providing positive customer experience out of 30 countries or territories in five major geographic regions, according to Capgemini's latest Voice of the Customer Survey, the results of which are published in the international consulting firm's World Insurance Report 2014.
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Prudential and Standard Chartered have entered into a new agreement to expand the term and geographic scope of their strategic pan-Asian bancassurance partnership.
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With the addition of Lloyd's Syndicate 609 Atrium Underwriters Ltd to Queensland-based ASR Underwriting Agencies Pty Ltd's security, the specialist managing general agent and Lloyd's coverholder is now offering a new liability product for the tourism industry to brokers around Australia.
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Applications for the 11th Australian Insurance industry Awards are opened. Organised by The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Asia Insurance Review, the Awards provides companies and individuals the opportunity to celebrate and recognise excellence among their peers during the Australian insurance industry's night of nights on 20 August 2014.
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The International Insurance Society (IIS) has announced Dr Qixiang Sun of Peking University as the 2014 recipient of the John S. Bickley Founder's Award.
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China is now second only to the US in agricultural insurance market.
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American health insurer Cigna Corp has entered the Indian market in a joint venture with the south India based TTK Group.
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Insurers have forecasted Japan's February snowstorms' total claims payouts to be around JPY60 billion (US$585 million) while economic losses were estimated to approach JPY120 billion (US$1.2 billion), said Impact Forecasting of Aon Benfield in its February Global Catastrophe Recap report.
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"Flight MH370 ended in the southern Indian Ocean," said Malaysia's Prime Minister Najib Razak at a press conference, 17 days after the plane went missing, launching a massive search and rescue operation involving at least 25 countries.
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Mongolia's insurance sector continues to present opportunities for investment and development.
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The Great Eastern Life Assurance Co Ltd opened its Myanmar representative office in Yangon last month.
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The Securities and Exchange Commission of Pakistan (SECP) has issued the Third Party Administrator (TPA) for Health Insurance Regulations, 2014, with a view to develop the health insurance market in the country.
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Taiwan's insurers face a less volatile operating climate in 2014 than over the past 12 months, but the island's life insurers remain exposed to more downside rating triggers than their non-life peers, said Standard & Poor's Rating Services.
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