China
ZhonAn Insurance’s Yaping Ou steps down as chairman
The board has elected Hai Yin as the new chairman.
ZhonAn Insurance’s Yaping Ou steps down as chairman
The board has elected Hai Yin as the new chairman.
Ping An reveals impact of transition to IFRS 17
Ping An will continue to disclose several important financial metrics regarding the impact.
New guidelines set out for Chinese cybersecurity insurance
Insurance companies will be incentivized to offer diverse cybersecurity insurance services.
China Life Insurance, bankers in the talks of $2b bond
It plans to issue a 10-year tier-2 bond.
World Bank taps Ping An Insurance executive for investment lab
The lab is aimed at mobilising capital effectively to address climate change and poverty.
Ping An granted top 1% in ESG amongst Chinese firms: S&P
S&P Global debuts its China edition of the Global Sustainability Yearbook.
Fanhua appoints new co-chairman and CSO
Ben Lin has been appointed due to his extensive knowledge of the global insurance industry.
China Life plans to boost services for mainland clients: report
Mainland customers drove new business premiums growth year-to-date.
Tech is key for ESG reporting: Ping An Insurance chief
The company also announced its dedication to expanding green finance and striving for carbon neutrality in its operations by 2030.
ZhongAn Insurance publishes white paper on generative AI application
It recorded notable advancements in adopting AI into the Chinese insurance industry.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
China Non-Life Insurance stable in Q1: Fitch Ratings
Aggregate comprehensive solvency ratio of the Chinese non-life insurance sector remained high at 238%.
Ping An paid out over 200 million cases in 2022
P&C claims had the most paid coverage with RMB194b.
Ping An Insurance books $5.55b Q1 net profit
Net income grew nearly half on a year-on-year basis.
AIA China received regulator approval to operate in Henan
The insurer is now active in nine provinces and urban areas in China.
Manulife rebrands its fund management arm in China
The change of name is tailored to its global operations.
China’s IAMCs can benefit from liberalisation: Cerulli
IAMCs, regardless of foreign ownership, have the ability to provide expertise in investment and research.
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.
