China
Chinese insurer PICC P&C shrugs off sanctions on Russia
The insurer says their business is unaffected.
Chinese insurer PICC P&C shrugs off sanctions on Russia
The insurer says their business is unaffected.
China releases new ‘blacklist’ for life insurance products
Nine clauses were added to the 73 that were on the list in 2021.
Ping An gets green light to restructure New Founder Group
Ping An will pay $7.6b to acquire 66.51% equity interest in New Founder Group.
AIA completes $1.86b investment in China Post Life
AIA now has 24.99% stake in the life insurance firm.
China scraps foreign ownership limit of insurance asset managers
The current limit is capped at 25%.
Swiss Re China president John Chen retires
Deputy Head of Swiss Re China Brian Han will take over operations.
China general insurance penetration rate below market average: analyst
This is despite the prediction that the industry would reach $313b by 2025.
Allianz gets nod for full control of China life business
It will become the first wholly foreign-owned life insurance company in China.
China tightens rules for online insurance sales
Insurance firms were ordered to comply or stop selling insurance online by January.
China life insurance premiums to reach $665.7b in 2025
Thanks to the growing demand for protection-type life insurance products.
Ping An denies exposure in embattled China Evergrande
The insurer's shares plummeted over concerns of exposure.
Henan flood insured losses approach $2b
Only 67% of insurance claims have been settled.
China probing Ping An Insurance’s property market investments: report
The insurer disclosed $8.4b exposure to China Fortune Land Development in February.
China Life H1 2021 profit soars to 34.2%
This is despite the sluggish growth of GWP due to the impact of COVID-19.
PICC Property and Casualty H1 net profit surges to CN¥16b
China’s biggest non-life insurer beat street estimates despite decelerating QoQ growth.
Henan flood led to record breaking insurance losses of CN¥11.2b
S&P Global said China’s extreme weather conditions are testing its domestic property and casualty insurers.
Allianz gets regulatory nod in China
It became the first wholly foreign foreign-owned insurance asset management firm in the country.
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