China

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.
1 day 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.
1 day ago

Chinese life insurers cut projections amidst low-interest concerns

Insurers reduced pricing interest rates on traditional products, aiming to lower guaranteed liability costs.
1 day ago

China intensifies healthcare probes over insurance fund concerns

It will be focusing on detecting improper fund usage in critical care,
1 day ago

China launches seven-month crackdown on industry fraud

Since 2021, the nation’s police have uncovered almost 2,000 insurance fraud cases.
2 days ago

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.

Ping An Life to see 15% YoY NBV growth in Q1’24 – Nomura

A catalyst could be the low base effect in the first two months of COVID restrictions.

China boosts financial services to advance new industrialisation

Insurance funds should provide long-term stable financial support.

Gov’t streamlines China’s medical insurance reimbursement system

One of the payment methods will offer a QR code option.

Ping An advances green insurance, increases premiums in FY23

In its sustainability report, the insurer shared 10 achievements for 2023.

Over 1.3 billion have basic medical insurance in China 

This accounts for over 95% of the nation’s total population.

China's medical insurance fund reports $470b revenue surge in 2023

Payment reforms are urged for a stable healthcare fund.

China’s major disease insurance benefit over 11m in 2023

The program aims to lessen the burden of medical expenses for its beneficiaries.