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Asia
Parima expands to Japan, Thailand and Myanmar; appoints executive director
Parima has extended its reach to three new Asian countries in recent weeks with the appointment of new board members in Japan, Thailand and Myanmar.
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Asia
Asian risk managers need to unite to stem rise of insurance protectionism
Asian risk managers need to use Parima and team up with other international risk management associations such as Ferma and ECIROA in Europe and the leading insurance associations to try…
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Asia
China Re set to boost regional and international expansion on back of $2bn IPO
China Re, Asia’s biggest reinsurance company and the eighth biggest in the world, raised US$2bn through an initial public offering (IPO) in Hong Kong last month. It plans to use…
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Asia
Lloyd’s continues its Asia drive, expands Singapore office; fresh capacity for China
Lloyd’s of London, the insurance and reinsurance market, further intensified its business links in Asia and China in particular last month as one of its syndicates signed the first ‘white…
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Outlook good for Asian risk managers as carriers fight for market share
Asian risk and insurance managers can look forward to another year of abundant capacity and soft insurance terms and conditions in 2016 as the international insurers and reinsurers fiercely battle…
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Asia
Tianjin will raise awareness for risk management: Baron
It is a sad but irrefutable fact that one of the best ways of raising awareness of the value and need for a formal and structured approach to risk and…
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Asia
Asian risk managers and insurers need consistency and improved cooperation across region to help manage and transfer risks
David Ralph, Head of Risk Management & Compliance at PCCW, the Hong Kong-based holding company of HKT Group Holdings Limited, the information and communications technology (ICT) company, said that he…
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Asia
Chinese insurance market still booming but rule changes could dampen mood
The Chinese insurance market continues to post excellent growth rates but some significant challenges lie ahead as the China Insurance Regulatory Commission [CIRC] plans to implement tougher new rules for…
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ACE enters Japanese political risk and credit market
ACE Group announced late last month that it has expanded its political risk and credit division to Japan. The international insurer said that the move forms part of its effort…
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Asia
Foreign insurers and risk managers still need to tread carefully in China
International insurers have invested for growth in the Chinese insurance and reinsurance market as they struggle to achieve their targets in mature and highly competitive home markets. But China remains…
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Asia
Food safety & petrochemical risk in focus as claims & exposures rise
The Tianjin explosion and subsequent mayhem has focused Chinese and worldwide attention on the risks of doing business in this fast-growing global economic powerhouse.
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Asia
Asian reinsurance prices will soften further but rising protectionism a problem: Asia
Risk managers can rely on falling reinsurance pricing in the Asian and global risk transfer chain but must be aware that protectionism is hindering the development of the local market,…
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Asia
AXA continues investment in China; seeks 100 million customers by 2030
Beijing-based Tsinghua University School of Economics & Management (SEM) and AXA, the global insurer, have announced the launch of a Strategic International Partnership, the first of its kind between the…
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Asia
Asia must act to bolster resilience amid economic slowdown: IMF
The International Monetary Fund has issued reports on the current health and future prospects of the Asian regional economy. Growth is slowing and risks are rising but with careful macro-economic…
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Asia
Reform and innovation will help Asia continue to lead world: Lagarde
Further development of Asia’s financial sector is needed to help meet the region’s challenges. Regional integration can support growth and jobs, but do bring some risks.
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Risk management rising in Vietnam but insurance market needs to communicate more: Thu Ly
Thu Ly, Chief Risk Officer at VinGroup, Vietnam’s largest property developer and mall operator, became a Parima committee member after meeting the association team at a conference in Hong Kong…
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Asia
China’s badly needed transition: No gain without pain
China’s leadership must hold its nerve as it makes the sometimes painful transition from a debt and export-driven growth model to a more ‘normal’ model based on domestic consumption and…
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Asia
The Lion spreads its wings across Asia
Adrian Ladbury, Editor of Commercial Risk Asia, interviewed Hayden Seach, Head of Global Corporate and Commercial—Asia, for Generali Global Commercial & Commercial [GC&C] recently to find out how the Italian…
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Asia
Companies need to embrace risk management not just comply: Wu
Kelvin Wu, Manager Group Risk & Insurance at International SOS, said that he joined Parima because he wanted to do his part to contribute towards the development and maturity of…
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Asia
Asian risk managers need to sell the benefits of risk management and demand more from insurers and brokers
Danny Lin, AVP Risk Management and Auditing Office at Qisda Corporation Taiwan, designer and manufacturer of electronic products and hardware-software integration for consumer, commercial, industrial, medical & lifestyle applications, is…