China
Zhibao Technology opens reinsurance unit in Labuan for expansion
Zhibao Technology opens reinsurance unit in Labuan for expansion
It expects Zhibao Labuan to act as a minority risk taker for selected businesses.
Ping An Health’s Q1 2025 earnings hit $8m
70% of Ping An Life’s new business value came from health and senior care services.
Chinese insurers explore nonstandard securitisations
Originators want faster issuance times, even at higher funding expenses.
China raises equity cap for insurers to boost real economy
The government also lifted the equity asset allocation ratio for certain insurers.
China launches tip-off portal for insurance fraud reporting
Informants may receive a one-time reward ranging from$27.8 to $27,427.
Allianz Jingdong aims for profitability boost through refined risk selection
Its investment risk is expected to stay low.
Ping An cuts carbon footprint by 8% in 2024
It also boasts of a stable business performance last year.
Zhongyuan Agricultural Insurance profits from cost controls: Fitch
It’s capital position is projected to remain resilient over the next 2 to 3 years.
Generali secures full ownership of Generali China Insurance Company
The acquisition will have an estimated -1 percentage point impact.
Sunshine Insurance net profit soars 45.8% in FY 2024
The group’s customer base reached 30.19 million last year.
KBFG China seen to keep consistent underwriting performance: AM Best
KBFG China’s operating performance is also expected to remain stable.
Chinese insurers may risk AI pitfalls with DeepSeek rollout
Insurers that fail to comply may face penalties.
Ping An Insurance reports 47.8% rise in 2024 net profit
Life & Health new business value (NBV) increased 28.8% YoY.
Ping An P&C, FAW Hongqi launch intelligent driving protection services
Ping An P&C developed the first full-scenario solution for intelligent driving.
SINOSURE’s exposure to risky assets remains a concern, Fitch says
Capitalisation is expected to remain adequate to support underwriting expansion.
Huatai P&C profitability improves as claims experience stabilises
Fitch expects the synergy between Chubb and Huatai P&C to strengthen over time.
New Chinese financial guidelines focus on tech and green growth
China also aims to strengthen the multi-tiered old-age insurance system.
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