China
China expands medical insurance to over 72% of village clinics
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
China Pacific Insurance poised for stable outlook in the next two years
CPPIC is expected to remain a core subsidiary of CPIC Group.
Premium income of Chinese insurers in H1 2024 climbs 4.9% YoY
Claim and benefit payments amounted to $172.20b.
Ping An bags $12b net profit in H1 2024
An interim dividend of $0.13 per share in cash was declared.
Agricultural insurance in China shows muted growth
It grew by 6% YoY.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
China life insurers faced narrowing margins in 2023
Under C-ROSS phase 2 insurers are expected to exercise caution with investments.
Ping An’s green insurance premium hit $5.2b in 2023
Its green loan balance amounted to $20.4b.
Leading Group eyes Chinese market expansion post-merger
The proposed transaction values Leading Group at approximately $430m.
China enhances online property insurance regulations
It will also restrict companies expanding to other services online.
Robust capital aids premium growth in China
Companies with higher IFS Ratings typically exhibit more stability.
China’s insurance pricing goes down in Q2
Automobile insurance felt ‘contraints’ in capacity.
China P&I's investment in CMBC dominates asset portfolio
The past five years saw an average return on equity of 5.3%.
China encourages continuous medical insurance participation
Policyholders of 4-straight years are eligible for an annual increase of ~$140.
Tesla sets up brokerage to offer insurance in China
The newly established company has a capital of $6.92m.
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.
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