China

Property insurance in China could reach $41b in 2024

The industry saw a higher demand for property insurance driven by NatCat events in 2023.

Property insurance in China could reach $41b in 2024

The industry saw a higher demand for property insurance driven by NatCat events in 2023.

Hexian Insurance Brokers joins Approved Supplier List

The insurer will be able to offer medical, accidental injury, and critical illness coverage for corporate employees.

PICC’s 4Q’23 earnings to rebound: UOBKayHian

Improvements in underwriting and reduced natural catastrophe losses contribute to the outlook.

CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal

The property is located in the Central Business District (CBD) in Chaoyang District.

China life insurers to focus more on quality over premium growth: analyst

Tightened regulations weakened China life insurers’ premiums in December.

Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData

Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.

AM Best addresses concerns on China's economic slowdown, highlights insurer financial security

China will diversify its sources of economic growth to counteract the impact of an ageing and declining population.

Global economic loss from natural disasters reaches $380b, China floods second-highest

This is the fourth year in a row where economic losses surpass $100b.

China’s insurer’s financing needs skyrocket to $29.7b: Report

Stricter solvency rules imposed in 2021 led to a decline in solvency indicators under the new regulations.

Generali buys 100% of its Chinese P&C insurance line

The estimated impact of the groups’ Regulatory Solvency Ratio would be -1 p.p.

Partner insurer payout leaps 23% YoY through Ant Group's insurance arm

Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance

AIA's outlook turns negative after sovereign ratings: Moody’s

The sovereign rating actions will pressure AIA Co and AIA International's Aa2 IFSR because of the position of its ratings relative to the sovereign ratings of its key markets.

Insurers are one of the largest CRE investors in China – Cushman & Wakefield

The share of regional cross-border investment within Asia Pacific reached a 6-year high at 18% in Q3’23.

Yong An Insurance maintains stable outlook, strong capitalization – Moody's

Despite government support and brand awareness in Shaanxi, the insurer faces challenges in expanding its market share in the medium to long term.

China’s non-life outlook solid, thanks to motor segment: AM Best

China’s electric vehicle insurance has gained traction, driving motor insurance demand.

Foreign insurance brokers enter China market: Report

These are the first foreign-funded companies approved in the sector since 2018.