China
ZhongAn Insurance publishes white paper on generative AI application
It recorded notable advancements in adopting AI into the Chinese insurance industry.
ZhongAn Insurance publishes white paper on generative AI application
It recorded notable advancements in adopting AI into the Chinese insurance industry.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
China Non-Life Insurance stable in Q1: Fitch Ratings
Aggregate comprehensive solvency ratio of the Chinese non-life insurance sector remained high at 238%.
Ping An paid out over 200 million cases in 2022
P&C claims had the most paid coverage with RMB194b.
Ping An Insurance books $5.55b Q1 net profit
Net income grew nearly half on a year-on-year basis.
AIA China received regulator approval to operate in Henan
The insurer is now active in nine provinces and urban areas in China.
Manulife rebrands its fund management arm in China
The change of name is tailored to its global operations.
China’s IAMCs can benefit from liberalisation: Cerulli
IAMCs, regardless of foreign ownership, have the ability to provide expertise in investment and research.
Ping An’s net profit drops to RMB83.8b in 2022
The insurer attributed the decline to the volatility of capital markets.
Chinese conglomerate BYD to challenge Tesla in Chinese EV insurance market
The group is in talks to acquire internet insurance company Yi'an P&C Insurance Co.
Chubb gets regulatory nod to increase stake in Huatai to 83.2%
Huatai is a holding firm for several companies in China.
Waterdrop introduces insurance for recurring breast cancer
The product offers up to $41.38k of insurance benefits.
Agencies, bancassurance takes largest slice for life insurance distribution in China
They account for 60.1% and 30% of the share in new business DWP in 2021.
Automobile sales recovery to boost China’s general insurance market
The market is expected to grow at CAGR of 7.2%.
Ping An launches new home-based elderly care insurance
The product provides wealth protection and elderly care services.
Fosun Group cuts down insurance investments in New China Life
The group scaled down its Hong Kong-traded shares in the insurer.
Ping An net income climbs 3.9% in H1 2022
The group reported a 20.4% ROE for the first half of 2022
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
