China
KBFG China seen to keep consistent underwriting performance: AM Best
KBFG China seen to keep consistent underwriting performance: AM Best
KBFG China’s operating performance is also expected to remain stable.
1 day ago
Chinese insurers may risk AI pitfalls with DeepSeek rollout
Insurers that fail to comply may face penalties.
2 days ago
Ping An Insurance reports 47.8% rise in 2024 net profit
Life & Health new business value (NBV) increased 28.8% YoY.
Ping An P&C, FAW Hongqi launch intelligent driving protection services
Ping An P&C developed the first full-scenario solution for intelligent driving.
SINOSURE’s exposure to risky assets remains a concern, Fitch says
Capitalisation is expected to remain adequate to support underwriting expansion.
Huatai P&C profitability improves as claims experience stabilises
Fitch expects the synergy between Chubb and Huatai P&C to strengthen over time.
New Chinese financial guidelines focus on tech and green growth
China also aims to strengthen the multi-tiered old-age insurance system.
Ant Insurance processes 7.25 million health claims in 2024
Its AI-powered solution also processed 1.62 million claims last year.
China insurers to invest $14b in equities by 2025
If based on 2024 data estimated total fund allocation could reach $57b.
Ping An integrates AI, big data roles in latest recruitment
The AI aims to assist in job matching, interviews, and salary negotiations.
Ping An Insurance partners with UK firm for advanced flood risk management
The agreement marks JBA’s first partnership in China.
China’s FIs urged to refine services for credit support
The NFRA also highlighted the role of technology in improving inclusive finance.
New China Life Insurance's high equity allocation could raise risky-asset ratio
The company’s financial leverage ratio increased to 12% by mid-2024.
China's insurance market sees rate decreases in Q4 2024
Mainly to retain business and secure program participation.
China insurers' plan to invest in gold could boost market
The programme permits ten insurance firms to allocate up to 1% of their assets.
China's long-term care insurance covers 180m in 2024
The programme, which started in 2016, now operates in 49 cities.
China's insurers to adjust investment risk controls
Big state insurers will be directed to raise both the size and proportion of their investments.
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