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Property & Casualty tag returned 576 results

  • Chinese insurance industry to see 5 waves of growth

    The Chinese insurance industry is currently in the second of five waves of growth, says Mr John Chen. President of Swiss Re China and General Manager of the reinsurer's Beijing Branch.

    China | 25 May 2018
  • 21 insurers seek to increase capital

    Twenty one (re)insurance companies have applied to increase their registered capital between 1 January to 17 May, involving approximately CNY26.325 billion ($4.1 billion) in aggregate.

    China | 25 May 2018
  • It's my own money, insurer's shareholder says

    Chang An Guarantee, a shareholder of Chang An Property & Liability Insurance, has responded to regulatory queries, attesting in its reply that the money it had used to invest in a block of shares in the insurer was its own.

    China | 25 May 2018
  • China: Ex-PICC president sentenced to 11 years' jail

    Wang Yincheng, former president of the People's Insurance Company (Group) of China (PICC), was sentenced yesterday to 11 years in prison for accepting bribes of over CNY8.7 million ($1.36 million).

    Asia | 25 May 2018
  • Saudi Arabia: Auto & non-life segments see moderate mart concentration

    The motor business and other general insurance business in Saudi Arabia are seen to have a moderate degree of market concentration, based on premium income.

    Middle East | 24 May 2018
  • India: Biggest bank to sell strategic stake in non-life insurer

    India's largest bank, State Bank of India (SBI), will sell a stake of 3-5% in its general insurance subsidiary SBI General Insurance in the current financial year to 31 March 2019.

    Asia | 24 May 2018
  • Algeria: Insurance market forecast to expand by 5-6% this year

    The insurance sector in Algeria is forecast to grow by 5-6% this year, according to the Algerian Union of Insurance and Reinsurance Companies (UAR).

    Middle East | 23 May 2018
  • China: Online insurance premiums soar 31% in 1Q2018

    China's online property insurance premiums increased substantially in the first quarter of 2018, reversing a slight decline last year, official data show.

    Asia | 23 May 2018
  • South Korea: Courts increasingly see 65 as retirement age

    With the average life expectancy increasing in South Korea, courts are increasingly recognising 65, instead of 60, as the retirement age for those engaged in physical work.

    Asia | 23 May 2018
  • Morocco: Insurance industry shows more profits in 2017

    The insurance and reinsurance industry in Morocco saw net profits in 2017 soar by 25.5% to MAD4.33 billion ($460 million), compared to 2016, according to data published last week by the Supervisory Authority of Insurance and Social Insurance (ACAPS). The huge jump in net gains was made despite increases in claims and operating expenses.

    Middle East | 21 May 2018

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