China
China tightens supervision in the insurance sector
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.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
China Pacific Insurance poised for stable outlook in the next two years
CPPIC is expected to remain a core subsidiary of CPIC Group.
Premium income of Chinese insurers in H1 2024 climbs 4.9% YoY
Claim and benefit payments amounted to $172.20b.
Ping An bags $12b net profit in H1 2024
An interim dividend of $0.13 per share in cash was declared.
Agricultural insurance in China shows muted growth
It grew by 6% YoY.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
China life insurers faced narrowing margins in 2023
Under C-ROSS phase 2 insurers are expected to exercise caution with investments.
Ping An’s green insurance premium hit $5.2b in 2023
Its green loan balance amounted to $20.4b.
Leading Group eyes Chinese market expansion post-merger
The proposed transaction values Leading Group at approximately $430m.
China enhances online property insurance regulations
It will also restrict companies expanding to other services online.
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