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Welcome to the Duxes Insurance Rundown, your premier source for insurance news, views, and forecasts. As detailed below (and available for download in .pdf form), this quarterly newsletter includes an interview with an industry expert, breaking industry news, and explanations of the Chinese government's latest policies and regulations.
STATE OF THE INDUSTRY
Exclusive Article
Pakistan's Insurance Industry at a Crossroads

After graduating from Imperial College London with a degree in Applied Business Management, Zain Qureshi returned to Pakistan in 2008 and joined Asia Insurance, where he is the Executive Director. Over the past eight years, he has changed the course of the investment activity of the company, turning away from an ultra-conservative approach to optimise for lower tax and higher returns. Through work on organizational development, he overhauled the management structure of the company, allowing flexibility in absorbing new personnel while the company has increased revenue by 10 times from 2012-2016. On the sales side, he looks at special projects and development of the company's product offering.

Click here to view full interview >
Zain ul Haq Qureshi
Executive Director
Asia Insurance Company, Limited
BREAKING NEWS
Hong Kong insurance sector looks to its future in new report
April 19, 2017
A new report on insurance in Hong Kong highlights opportunities presented by closer integration with China, and recommends policies that would spur growth in Hong Kong's insurance sector.
China likely to pick an outsider to replace dismissed insurance regulator Xiang Junbo
April 17, 2017
The new head of the China Insurance Regulatory Commission is expected to be an industry outsider.

How Tesla Might Change Personal Auto Insurance (TSLA)
April 10, 2017
Improving attitudes regarding Tesla's autopilot feature has led to a decrease in the cost of insurance premiums for Tesla drivers.
How An Insurance Industry Veteran Landed $5 Million To Make Finding Small Business Insurance Easier
April 4, 2017
Wellthie, an insurance startup focusing on e-commerce and analytics, strives to help small businesses find appropriate insurance solutions.
Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding
March 31, 2017
Global investment in insurtech totaled $1.7 billion in 2016, more than double that of two years earlier. A majority of new investment in insurtech has gone into startups in the fields of artificial intelligence and the internet of things.
China drives 2016 insurance premium growth worldwide
March 13, 2017
Insurance premiums increased by a healthy 4.4% in 2016, bolstered by strong growth in the life insurance sector in China, as emerging markets capture an increasingly large share of the global insurance industry.
China's online insurance industry gains momentum
March 9, 2017
Online insurance is booming in China, with the insurance penetration rate having grown from 0.22% to 7.58% over the last five years. 13 online insurance startups have raised at least $1 billion in financing over the past year.
China's insurance crack down seen boosting chances for tax deductible savings plan
March 5, 2017
A crack down on "universal life insurance" policies by the Chinese government (see "Policy Updates" section) could lead to the realization of a long-awaited commercial retirement savings plan that would be tax-deductible.
Cigna-Anthem deal ends in a lawsuit
February 14, 2017
A proposed merger between health insurance giants Cigna and Anthem has been blocked by the United States Department of Justice, resulting in litigation, as Cigna has sued Anthem for damages.
POLICY AND REGULATION UPDATE
China Tightens Regulations On Investing Insurance Funds In Shares of Listed Companies
March 23, 2017
The China Insurance Regulatory Commission (CIRC) has published stringent regulations that restrict insurance companies from making certain types of risky investments
China: CIRC Issues New Measures for Compliance Management of Insurance Companies
February 23, 2017
The China Insurance Regulatory Commission (CIRC) has issued the Measures on the Compliance Management of Insurance Companies, which dictate that insurance companies operating in China must establish a compliance framework to avoid potential conflicts of interest.
Chinese insurers forced to rein in financing via short-term policies
February 14, 2017
Regulators in China have cracked down on the issuance of short-term life insurance policies that promise high returns, known as "universal life insurance".

If you have any questions or comments, please contact Nate Schneider on +86 21 5580 0330 x. 8180 or nate.schneider@duxes.cn.

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