China
Ping An’s net profit drops to RMB83.8b in 2022
Ping An’s net profit drops to RMB83.8b in 2022
The insurer attributed the decline to the volatility of capital markets.
Chinese conglomerate BYD to challenge Tesla in Chinese EV insurance market
The group is in talks to acquire internet insurance company Yi'an P&C Insurance Co.
Chubb gets regulatory nod to increase stake in Huatai to 83.2%
Huatai is a holding firm for several companies in China.
Waterdrop introduces insurance for recurring breast cancer
The product offers up to $41.38k of insurance benefits.
Agencies, bancassurance takes largest slice for life insurance distribution in China
They account for 60.1% and 30% of the share in new business DWP in 2021.
Automobile sales recovery to boost China’s general insurance market
The market is expected to grow at CAGR of 7.2%.
Ping An launches new home-based elderly care insurance
The product provides wealth protection and elderly care services.
Fosun Group cuts down insurance investments in New China Life
The group scaled down its Hong Kong-traded shares in the insurer.
Ping An net income climbs 3.9% in H1 2022
The group reported a 20.4% ROE for the first half of 2022
China Life delists from US stock exchange
The insurer said they would apply for ‘voluntary delisting’.
New China Life Insurance braces for 60% drop in H1 net profit
It made the preliminary announcement through a bourse announcement.
China’s Citic mulling buying stake in Dajia insurance group
Citic could end up buying a 20% stake in the company.
China regulator green lit AIA China's new branch
The insurer will establish a new branch in Henan.
Life insurance industry remains muted amids pandemic challenges in China
Most life insurers reported negative growths in April.
Beijing offers elderly COVID-19 vaccine insurance to ease hesitancy
Payout for elderlies experiencing adverse effects could go as high as $74k.
Beijing Nova Insurance enters partnership with Towngas Lifestyle
They aim to establish a joint working group for insurance brokerage.
How has China's insurance industry fared amidst strict lockdowns?
Life players spirals whilst P&C insurers gain ground.
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