China
China’s capital charge cut to spur insurers’ equity investment
China’s capital charge cut to spur insurers’ equity investment
State Council Information Office announced a 10% reduction in the capital charge.
Prudential, Foshan Fosun Chancheng to enhance medical services coverage
Eligible customers will have easy access to the ‘Medical Expenses Direct Billing Service’.
Ping An Group posts 2.4% profit rise with life and health segment growth
New business value (NBV) surged 34.9%.
AM Best says Shinkong Insurance to sustain strong profits
The insurer accounted for 16.4% of Taiwan’s domestic non-life sector.
Tokio Marine and Nichido Fire China maintains stable outlook
It is expected to pursue opportunities tied to Japanese-affiliated industries in China.
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.
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