, China

Chinese insurers pouring $36.6b into elderly care sector

Ten insurers have invested in 47 community care projects.

Insurers have injected investments exceeding $36.6b (CNY234b) into upstream and downstream medical and health sectors for the elderly through equity investments, according to media reports.

Ten insurers have invested in 47 elderly community care projects with a total of more than 84,000 beds, said Insurance Asset Management Association of China secretary-general Cao Deyun.

Taikang Life Insurance have poured elderly community investments in key cities such as in the Beijing-Tianjin-Hebei Region, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area amongst others, reports say. 

In May, Ping An Life Insurance rolled out its plan to build its first high-end elderly care community. Insurance will be important in supplementing China’s social security system amidst an aging population, explained Ping An chairman and CEO Yang Zheng.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Insurance Asia in your inbox
The training market is adjusting through rehashing their portfolios.
Premium growth was driven by the low base effect plus growth in the health segment.
Training programmes are being offered especially on entry-level skills.
This is to ensure that troubled financial institutions won't end up needing costly bailouts.
The academy helps financial professionals accelerate their careers.
It is expected to post a 3-4.5% marginaL ROE due to investment income.
Hong Kong citizens who have received at least one vaccine dose can join.
Pandemic-induced mortality losses will remain small.
It will require project owners and operators to compensate environmental damages.
Long-term insurance revenue premiums declined 5.2%.
The 12.5% jump in cover shows good value amidst a challenging market, it said.
Singapore's GIC led the funding, investing $182m (INR6b).
The upper illustration rate will be capped at 4.25% p.a. and the lower rate at 3% p.a.
Only Dai-ichi Life posted higher core profit.
Ten insurers have invested in 47 community care projects.