China
China expands basic medical insurance portfolio
China expands basic medical insurance portfolio
The country added 91 new drugs to its medical insurance drug catalogue.
2 days ago
Insurers expect China’s medical cost to increase 11% in 2025
Asia-Pacific is also slated to rise by 12.3% in 2025.
2 days ago
QHR Life Reinsurance drives strong underwriting: AM Best
The company’s capital and surplus increased by 4.3% to $500m in 2023.
4 days ago
Huize plans expansion in Singapore, Philippines
Its Q3 2024 gross written premiums (GWP) reached an all-time high of $290m.
5 days ago
China expands medical insurance drug catalogue to cover 90 rare disease
These treat conditions like hypertrophic cardiomyopathy, and intractable epilepsy.
Zheshang Insurance capital position under pressure: Fitch Ratings
Fitch also highlighted concerns over the insurer’s higher asset and liquidity risks.
AllianzGI gets greenlight to buy 2% Guomin Pension stake
It will subscribe to approximately 228 million newly issued shares.
China sets 5-year plan for property insurance
It includes attracting int’l financial institutions to invest in China's property insurance market.
Stable underwriting improves China Taiping Insurance's outlook
Capital and surplus increased by 2.4% in 2023, reaching $679m.
New action plan to advance China's digital finance sector by 2027
It focuses on digitalising financial institutions and leveraging data and technology.
China adds 91 drugs to national medical insurance list
The price of the newly included drugs will drop by an average of 63%.
JD Allianz, JD Auto enhance Dida’s insurance offerings
This synergises JD Auto and JD Allianz into Dida’s platform.
Taikang's robust capital to aid in business expansion: Fitch Ratings
Taikang Group’s profitability is supported by its value-driven business strategy.
China's insurance sector to hit $1.41t by 2032
The sector was valued at $688.8b last year.
Zking P&C reduces high-risk insurance exposure
The insurer sees ROE to rise 5% end-2024.
China's personal insurance sector to grow 5% to 10% annually
Pension and health products are expected to account for 50% of the market by 2035.
Gov’t plan to reduce stake may shake Seoul Guarantee Insurance’s status
Fitch also forecasts a decline in underwriting profitability through 2024 due to rising claims.
Thought Leadership Centre
Resource Center
Read Here
Advertise
Sign Up
Awards
Jul
08
Events
Event News
Highlighting its innovative approach to the ageing population, digital transformation, and international insurance market leadership.
