China
Cheche and Tokio Marine boost China insurance ties
Tokio Marine & Nichido Fire Insurance was the first Japanese insurer to enter China.
Cheche and Tokio Marine boost China insurance ties
Tokio Marine & Nichido Fire Insurance was the first Japanese insurer to enter China.
China Life Insurance stays robust amidst national credit concerns
NBV increased by 18.6% year-on-year in the first half of 2024.
Chinese insurers shift to floating-return products amidst risks
Its P&C sector is under strain due to market volatility.
Fitch expects rising profitability for Urtrust in near term
Urtrust maintains a solid capital buffer to support its rapid premium growth.
China's financial assets hit $68t, insurance surge 15.7% YoY
This is equivalent to $4.73t.
China's insurers adjust risk control amidst lower returns
P&C insurers’ underwriting margins may shrink further.
Investment stability anchors Taiping Reinsurance despite impairments
In 2023, TPRe recorded a net profit of $42.74m.
Chinese broker Yuanbao files IPO in US
The company's revenue for 2023 increased to $289.02m.
How eased C-ROSS Phase II pressures helped China's smaller insurers
Despite a decline to 207% in 2022, core solvency ratio remained stable in 2023.
China’s new guidelines push for broader coverage, better services by 2029
It also aims to curb illegal activities in the sector.
Zhibao expands homeowners' insurance to Nanjing
The product is backed by six insurers.
Chinese insurance tech meets auto giants in new deal
The company plans to develop a solution for traditional automakers in two years.
China tightens supervision in the insurance sector
Foreign institutions that meet eligibility criteria will be supported.
Ping An Health sees strong return on equity continuity
It reported capital and surplus (C&S) of $1.22b in 2023.
China's insurance reforms aim to support smaller insurers
However, larger insurers continue to dominate the market.
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
China Re’s H1 2024 net earnings triples to $830m
EPS stood at RMB0.13.
Thought Leadership Centre
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
