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Japanese insurance firm replaces 34 staff with AI

Science fiction has long imagined a future in which humans are ousted from their jobs by machines.

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China's new forex control threatens further blow to HK's insurance sector

As of January 1, individuals are required to explain the purpose of their foreign currency purchases at Chinese banks, under new regulations

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Insurance sector needs innovation to aid supply-side reform

China is likely to surpass Japan in insurance premium this year, second only to the United States, predicted Wei Yingning, former vice-chairman of China Insurance Regulatory Commission, in Beijing on Sunday.

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Secure future: Insurance sector sees boom in online customers

China's online insurance market has a bright future as the user base expands fast.

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People from mainland flock to Hong Kong to scoop up insurance deals

A fresh shopping craze of people from the Chinese mainland is unfolding in Hong Kong, but this time the seasoned shoppers are not after luxuries, but insurance, reports the Securities Times.

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Chinese restaurants offered insurance for illness caused by crayfish

A large insurance company with branches nationwide is offering restaurants in Nanjing, Jiangsu province, insurance for a degenerative muscle disease that can come from eating crayfish. Insurance for crab and hotpot are on the way.

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SIRC emergently inspects data of universal life insurance of H1

Premium income from life insurance products in China has grown fast in recent years with premium income from investment-oriented insurance seeing the biggest growth. While noticing that market vitality has been activated, regulators are also aware of potential risks of some businesses and companies beneath prosperity of the market.

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Chinese search giant Baidu forms new online car insurance business

Internet search titan Baidu is poised to ratchet up its expansion in China’s nascent online insurance market through a new alliance with China Pacific Property Insurance.

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3 dead while entire towns underwater after vicious storm lashes Australia

​Entire towns are underwater, while at least three people are dead and many more are missing in Australia, after a vicious storm continued to batter the nation's east coast overnight.

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60,000 orphans in China receive free health insurance

More than 60,000 orphans were granted free health insurance on Wednesday in honor of the Children's Day.

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China's insurance companies unveil tax-deductible health insurance in trial programme

A dozen insurance companies have unveiled tax-deductible, health insurance schemes on the mainland in a trial programme that China hopes can spur commercial medical coverage.

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Over 10 regions of China unveil cuts in social security programs

More than 10 provincial-level regions have unveiled their social security cut programs, andlocal governments said lowering the percentage will not affect employee's welfare andbenefits, chinanews.com reported on its website.

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Indian insurers tweet their way to customers

Insurance companies are taking to twitter in a big way. Most of them use twitter to engage in conversation with their policyholders, help them on enquiries and as a complaint portal.

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Want to sell insurance in Hong Kong? It may help to have a wealthy mum and dad

While some youngsters in their 20s may struggle to make ends meet, there are also some top sales agents of a similar age that can earn million-dollar commissions by selling insurance policies to mainlanders.

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China's govts move to cut burden of social security payments

State Council approves regulation allowing national fund to manage local surpluses

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Hong Kong insurers post 30% premium income growth despite curbs

Hong Kong insurers posted HK$32.6 billion (US$4.2 billion) in premium income from Chinese clients in 2015, up 29.5 percent from a year earlier.

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China becomes world's third largest insurance market

China became the world's third largest insurance market in 2015, with insurance premiums surging in the past five years, according to the China Insurance Regulatory Commission (CIRC).