China
Chinese insurers pouring $36.6b into elderly care sector
Ten insurers have invested in 47 community care projects.
Chinese insurers pouring $36.6b into elderly care sector
Ten insurers have invested in 47 community care projects.
China regulator proposes revisions on reinsurance
It seeks to tighten its watch especially on concentration and overseas risks.
China drafts tables to improve accident insurance pricing
The tables aim to weed out products with low compensation rates.
Underwriting woes to plague Chinese non-life insurers into 2021
Both motor premium value and underwriting were hit by the motor insurance reform.
China Pacific Insurance pushes for diversity, stability in 30th anniversary
It will deepen efforts in health-related business development.
China Taiping Insurance maintains stability amidst pandemic: report
But ROE and ROA were lower in 2020 compared to 2019.
Better skies ahead for China Pacific's new business value
But patience will be needed amidst challenges in recruiting agents.
Chinese insurtech Waterdrop aims to raise $360m in IPO
The firm will sell 30 million American Depository shares.
China clamps down on medical insurance fraud
Fraudsters may face a suspension of reimbursement for up to a year.
Ping An boosts green activities in support of China's carbon goal
It proposes performance targets for green finance and measures for green growth.
China's Leapstack seeks partnership with South Korean insurers
Leapstack will provide big data AI solutions to Korean commercial insurers.
Fraught capital markets put Chinese life insurers on edge
Credit exposure has become more vulnerable to rising defaults.
Chinese online property premiums dropped to $12.2b in 2020
Underwritten insurance contracts also went down over the course of last year.
China Life Insurance 2020 net profit tumbles to $7.7b
Gross written premiums rose 8% to $93.6b.
China's PICC sees 2020 net profit fall 10.4%
Its P&C segment's net profit also dropped 16.4%.
ZhongAn Online P&C's 2020 net profit hits $85m
Gross written premiums grew 14.2% to $2.6b.
China scraps foreign ownership cap on insurers, but adds security rule
A review shall be conducted if an investment affects or may affect national security.
Thought Leadership Centre
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 5. Asia leads in embedded insurance, set to reach $170b by 2030Resource 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.
