{"id":14460,"date":"2012-09-10T16:08:06","date_gmt":"2012-09-10T14:08:06","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/asias-insurers-beef-up-as-bankers-face-the-axe\/"},"modified":"2012-09-10T16:08:06","modified_gmt":"2012-09-10T14:08:06","slug":"asias-insurers-beef-up-as-bankers-face-the-axe","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/asias-insurers-beef-up-as-bankers-face-the-axe\/","title":{"rendered":"Asia&#8217;s insurers beef up as bankers face the axe"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Asia insurance hiring up 3.1 pct in H1 2012 vs H1 2011<br \/>\n-data<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Full-year 2012 hiring could show double-digit increase<br \/>\n-recruiter<\/p>\n<p><span><\/span><\/p>\n<p>* Middle managers, actuaries in particularly high demand<\/p>\n<p><span><\/span><\/p>\n<p>By Clare Baldwin<\/p>\n<p><span><\/span><\/p>\n<p>HONG KONG, Sept 10 (Reuters) &#8211; Slowing economic growth<br \/>\nacross much of Asia has failed to crimp expansion plans by the<br \/>\nregion&#8217;s insurance companies, even as the rest of the financial<br \/>\nindustry slashes jobs.<\/p>\n<p><span><\/span><\/p>\n<p>While banks and brokerages cut costs and jobs in Asia amid<br \/>\nfalling corporate confidence and plunging deal volumes, insurers<br \/>\nare riding the wave of rising individual wealth across the<br \/>\nregion.<\/p>\n<p><span><\/span><\/p>\n<p>Economic growth and increasing salaries, combined with high<br \/>\nsavings rates, are creating fertile ground for more<br \/>\nstraightforward financial services, such as retail banking and<br \/>\ninsurance.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Before people enter the middle class, they can&#8217;t afford to<br \/>\nbuy our products,&#8221; said Robert Cook, senior executive vice<br \/>\npresident and general manager of Asia for Manulife Financial<br \/>\nCorp, speaking at an investors&#8217; conference in Hong Kong<br \/>\non Friday.<\/p>\n<p><span><\/span><\/p>\n<p>Manulife joins AIA Group Ltd, Zurich Insurance<br \/>\nGroup Ltd, RSA Insurance Group PLC, Direct<br \/>\nAsia and Swiss Re AG in planning to grow headcount in<br \/>\nAsia, executives and financial sector recruiters say.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Asia insurance hiring up 3.1 pct in H1 2012 vs H1 2011 -data * Full-year 2012 hiring could show double-digit increase -recruiter * Middle managers, actuaries in particularly high demand By Clare Baldwin HONG KONG, Sept 10 (Reuters) &#8211; Slowing economic growth across much of Asia has failed to crimp expansion plans by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14460"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}