China
Ping An ranks 53rd in the Fortune 500 list 2024
Marking their 15th consecutive year on the list.
Hyundai Insurance China faces capital challenges amidst expansion
HIC is diversifying into personal lines, focusing on ride-hailing drivers and motor insurance.
How are insurers affected by China’s real estate market decline?
Regional carriers have about 8% of their portfolios in global commercial real estate.
China United Property Insurance’s bond issuance to ease capital pressure
It could raise the financial leverage ratio to ~30%.
Prudential names new regional CEO for China
Angel Ng has more than two decades of experience in the financial services industry.
SunCar Technology lengthens partnership with China Continent
Higher service sales from the existing partnership drove this move.
Taishan P&C’s efforts to improve underwriting boost
Increased investment in asset management products has slightly reduced liquidity.
China Re to expand role in agri and catastrophe coverage
The group is also likely to continue its international expansion.
MSI China’s capital buffers stay healthy in 2024
The insurer's Japanese-related business will continue to drive its underwriting profit.
Sompo China secures strong solvency amid dividends
In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.
Fitch sees progress in China's insurance regulations
The industry has begun to embrace the IFRS 17 standards.
CHIC's solvency ratio falls below industry average in Q1 2024
CHIC is expected to slow premium growth in 2024.
Ping An’s convertible bond aims for 5% return on proceeds
Proceeds will be used to support initiatives in healthcare and eldercare.
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
Ant Insurance’s partners see $1.93b in claims
On a year-on-year basis, this was up 30%.
Zhonglu Insurance holds strong solvency, faces growth risks
Whilst net earnings improved to $1.7m, sustainability is uncertain amidst non-motor expansion.
China Pacific Insurance subsidiary, AMINA integrate finance with crypto
It aims to integrate investment advisory and banking services.
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.
