Insurance

This move is part of a coordinated push by Beijing to shore up capital across its financial system

The insurer’s targets include Australia’s Suncorp and IAG, and Canada’s Intact Financial Corporation

The development could lead to increased insurance premiums and depressed house prices

All reportable segments delivered positive growth except Thailand

Heat not covered in most business interruption insurance

This is up from US$11 billion today, says Allianz Commercial

Consumers allocate capital mainly towards policies designed for long-term savings and market-linked returns

The city-state’s lawyers, financial advisers and banks say impact is hard to evaluate, still in ‘early stages’

The tax news sparked fears that sales of insurance policies and ​other financial products could slow