China
Porch Group sues CCB over alleged reinsurance fraud: Report
CCB is accused of working with employees of bankruptcy-hit Vesttoo.
22 hours ago
Porch Group sues CCB over alleged reinsurance fraud: Report
CCB is accused of working with employees of bankruptcy-hit Vesttoo.
22 hours ago
ZhongAn buys landmark offices in Shanghai
The insurer plans to build a FinTech cluster through the property purchase.
23 hours ago
Ant Insurance unveils privacy-preserving auto insurance tech
Providers like PICC, Ping An, and CPIC have already adopted this type of tech.
3 days ago
China's long-term care insurance sees regulation overhaul
Since its launch, the scheme has covered 180 million people.
4 days ago
China’s old-age insurance coverage surges by 14.34 million
Revenue of three social insurance funds totalled $309.6b in Q1’24.
4 days ago
China's pension scheme grows to 1.07 billion participants
Total income and expenditure of these schemes amounted to $304b in Q1’24.
5 days ago
Declining yields pose risks to China's insurance sector
In late 2023, regulators eased some C-ROSS rules, prompting insurers to raise capital via perpetual bond issuance.
6 days ago
PICC P&C posts mixed Q1’24 results, eyes stability
Even with a 5% QoQ improvement in investment income, it still saw a 36% YoY decline.
Chinese life insurers cut projections amidst low-interest concerns
Insurers reduced pricing interest rates on traditional products, aiming to lower guaranteed liability costs.
China intensifies healthcare probes over insurance fund concerns
It will be focusing on detecting improper fund usage in critical care,
China launches seven-month crackdown on industry fraud
Since 2021, the nation’s police have uncovered almost 2,000 insurance fraud cases.
Over 1.12 billion in China receive health e-certificates
The e-certificates enables individuals to present a QR code instead of physical insurance cards.
Ping An’s profit dips in Q1’24
Earnings per share were down 4.6% for the quarter.
China Life Insurance’s NVB could see 17% YoY growth: Nomura
Net profit, on the other hand, could contract 15% YoY.
AIA, Prudential grapple with China sales issue: UOBKayHian
However, both companies' exposure to the involved brokers is limited.
AllianzGI expands footprint in China
The company received approval for its FMC business back in August 2023.
Outlooks of six Chinese insurers pressured by sovereign risks
On the contrary, one insurer should experience a stable outlook.
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1. OCBC courts Great Eastern with S$1.4b offer 2. Manulife Singapore upgrades income-generating product 3. Pressures mount for less desirable energy insurance placements 4. Sun Life's Asia business reports $177m for Q1'24 net income 5. Sun Life unveils new ESG-focused critical illness planResource Center
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
Co-Written / Partner
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. OCBC courts Great Eastern with S$1.4b offer 2. Manulife Singapore upgrades income-generating product 3. Pressures mount for less desirable energy insurance placements 4. Sun Life's Asia business reports $177m for Q1'24 net income 5. Sun Life unveils new ESG-focused critical illness planAwards
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09
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Firewalls are never enough