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Jun
02

China Could Introduce Expatriate Insurance Tax

The People's Republic of China is considering a new tax on expatriate workers and their employers as it plans to broaden the country's first social insurance law to include foreign nationals who now work within the world's second largest economy. These new fees would be part of the Chinese government's broad social-security reforms

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Jun
01

Munich Re, Hannover Re Eye New Opportunities in the Americas

Munich Reinsurance Co., the world's largest reinsurer, could be seeking to expand its operations in the United States.

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May
31

Australian Interest in Medical Tourism Increases, As Does Disease Risk

The number of Australian citizens choosing to venture abroad for medical care is increasing steadily. Some health experts warn however that patients receiving more complex surgeries overseas are putting both themselves and the Australian health system at risk of spreading hazardous foreign viruses upon their return. The relatively high cost of healthcare and insurance

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May
30

Eruption Prompts Allianz to Provide Volcano Cover

Air travelers worldwide were relieved this past week by the news that no further disruptions to air traffic control would be expected from Iceland's latest volcanic eruption. However, with the memories of Eyjafjallajokull's eruption last year and the mass delays it caused fresh in people's minds, Allianz has announced it will roll out business cover for volcano-related disruptions in the near future.

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May
27

Upcoming US Storms Could Raise Rates

The devastating natural catastrophes, including tornadoes, floods and global earthquakes that have already hit in 2011 have US insurance companies bracing for heavy losses. These insurers are now eyeing rate increases to restore their reserves as the busy Atlantic hurricane season approaches.

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May
26

Manulife to Expand Microinsurance in Vietnam

Manulife Financial Corp, Canada's largest insurance company, plans to increase sales of its insurance policies for low-income customers in Vietnam by expanding its microinsurance operations into more regions of the Southeast Asian country. Microinsurance products provide basic, inexpensive insurance coverage to individuals on low incomes who require protection for typical risks including the affects…

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May
25

AIG Raises $8.7 Billion through Share Sale

On Tuesday, American International Group Inc. (AIG) sold its first new stock offering since its near-collapse and ensuing United States government bailout in 2008, moving 300 million shares priced at US$29 each, to raise a total of US$8.7 billion for the insurance giant.

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May
24

More International Medical Insurance Providers Offer Full Underwriting Services

Morgan Price International Healthcare has become the latest international private medical insurance provider to respond to rising broker demand and offer full medical underwriting options for individual policyholders.

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May
23

Cost of Long Term Care to Double by 2050

The report, titled "Help Wanted?: Providing and Paying for Long-Term Care" reveals that half of all people who require long term care are those over 80 years old. The share of the population in this age group throughout the 34 OECD member countries is projected to reach nearly one in ten by 2050, a sharp rise from the one in 25 average measured in 2010 and less than 1 percent in 1950. This percentage of elderly citizens by 2050 will be highest in Japan and Germany, with 17 and 15 percent of their populations respectively.

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May
20

New Rules to Increase Scrutiny of US Insurance Rates

Starting in September, U.S. health insurance companies that want to increase premiums by 10 percent or more are going to face tougher government scrutiny from state or national regulators, according to new federal regulation issued Thursday from the Obama administration.

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