China
Chinese insurers deem it wise to move to alternative investments
Analysts see new regulations driving a conservative shift as insurers seek stability amidst volatile markets.
Chinese insurers deem it wise to move to alternative investments
Analysts see new regulations driving a conservative shift as insurers seek stability amidst volatile markets.
Nomura lifts target prices for Chinese insurers to 12%
The adjustment follows a 100 basis point reduction in its risk discount rate.
Markel enhances Chinese market position
Two of the new hires are underwriters, whilst the third will take on a managerial role.
Thousands of Chinese graduates to receive social insurance
These positions will have a two-year service period.
Capital strain looms for Guoren P&C amidst delayed shareholder injections
It could impact the company's ability to withstand fluctuations in its equity base amidst a volatile capital market.
China's crop insurance aims to tackle farmer instability
Amongst other things, it also talked about plans for logistics and the manufacturing sector.
Porch Group sues CCB over alleged reinsurance fraud: Report
CCB is accused of working with employees of bankruptcy-hit Vesttoo.
ZhongAn buys landmark offices in Shanghai
The insurer plans to build a FinTech cluster through the property purchase.
Ant Insurance unveils privacy-preserving auto insurance tech
Providers like PICC, Ping An, and CPIC have already adopted this type of tech.
China's long-term care insurance sees regulation overhaul
Since its launch, the scheme has covered 180 million people.
China’s old-age insurance coverage surges by 14.34 million
Revenue of three social insurance funds totalled $309.6b in Q1’24.
China's pension scheme grows to 1.07 billion participants
Total income and expenditure of these schemes amounted to $304b in Q1’24.
Declining yields pose risks to China's insurance sector
In late 2023, regulators eased some C-ROSS rules, prompting insurers to raise capital via perpetual bond issuance.
PICC P&C posts mixed Q1’24 results, eyes stability
Even with a 5% QoQ improvement in investment income, it still saw a 36% YoY decline.
Chinese life insurers cut projections amidst low-interest concerns
Insurers reduced pricing interest rates on traditional products, aiming to lower guaranteed liability costs.
China intensifies healthcare probes over insurance fund concerns
It will be focusing on detecting improper fund usage in critical care,
China launches seven-month crackdown on industry fraud
Since 2021, the nation’s police have uncovered almost 2,000 insurance fraud cases.
Thought Leadership Centre
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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.
