China

Ping An names Ray Wang CTO to boost AI and digital strategy

His appointment is expected to advance the company’s self-developed large language models.

Global insurance telematics market to grow 18.9% yearly through 2034

China is emerging as a key growth driver in Asia-Pacific. 

China shifts insurance metrics to promote long-term strategy

One key adjustment involves how return on equity (ROE) is assessed. 

AXA partners with China Biotech on targeted cancer therapy

The technology is a form of targeted radiotherapy that uses a boron-containing drug.

Agricultural insurance boosts China’s farm output by 8.99%

The impact is especially strong in China’s eastern provinces.

Zurich China pays $19.78m in US remote control lawsuit

A six-year-old boy in the US suffered stomach injuries after swallowing a remote battery.

CNPC Captive Insurance to upstream 40% of income to parent group

Fitch Ratings said the insurer is forecast to deepen its coverage of insurable risks.

How much will China’s insurance market grow by 2032?

Its market value could reach $1.4t in seven years.

China proposes law to enhance universal health insurance system

It includes a chapter outlining the structure of the national medical security system. 

Chinese insurers eye $126b reallocation after rule changes

The government raised equity investment limits to 30% to 50%.

Ping An Life and P&C seen maintaining stable capital, profits

A planned $2.79b capital injection from Ping An will further support its capital base. 

AIA injects $277m into China Post Life for market growth

AIA retains its 24.99% stake in China Post Life.

China life premiums rise 1% as non-life sector grows 5% in 2025

Life insurers are moving towards participating products with lower guaranteed returns.

AIA and Aegon win approval for asset firms in Shanghai

The approvals were announced by Li Yunze, director of the NFRA.

China leads Asia telematics growth with insurer tech adoption

Global expansion is driven by the increased adoption of usage-based insurance.