China
Over 1.12 billion in China receive health e-certificates
The e-certificates enables individuals to present a QR code instead of physical insurance cards.
Over 1.12 billion in China receive health e-certificates
The e-certificates enables individuals to present a QR code instead of physical insurance cards.
Ping An’s profit dips in Q1’24
Earnings per share were down 4.6% for the quarter.
China Life Insurance’s NVB could see 17% YoY growth: Nomura
Net profit, on the other hand, could contract 15% YoY.
AIA, Prudential grapple with China sales issue: UOBKayHian
However, both companies' exposure to the involved brokers is limited.
AllianzGI expands footprint in China
The company received approval for its FMC business back in August 2023.
Outlooks of six Chinese insurers pressured by sovereign risks
On the contrary, one insurer should experience a stable outlook.
Ping An Life to see 15% YoY NBV growth in Q1’24 – Nomura
A catalyst could be the low base effect in the first two months of COVID restrictions.
China boosts financial services to advance new industrialisation
Insurance funds should provide long-term stable financial support.
Gov’t streamlines China’s medical insurance reimbursement system
One of the payment methods will offer a QR code option.
Ping An advances green insurance, increases premiums in FY23
In its sustainability report, the insurer shared 10 achievements for 2023.
Over 1.3 billion have basic medical insurance in China
This accounts for over 95% of the nation’s total population.
China's medical insurance fund reports $470b revenue surge in 2023
Payment reforms are urged for a stable healthcare fund.
China’s major disease insurance benefit over 11m in 2023
The program aims to lessen the burden of medical expenses for its beneficiaries.
CMB Wing Lung gains support from China Merchants Group
AM Best sees its balance sheet boosted by strong risk-adjusted capitalisation.
China boosts healthcare with 95% insurance stability
744 drugs have been added to the insurance catalogue.
Narrow capital buffer limits Allianz Jingdong's expansion
Fitch anticipates increased synergy and integration between the parent company and its Chinese subsidiary.
Equity infusion strengthens Zhongyuan against risks: Fitch Ratings
Despite higher loss ratios in agricultural insurance, ZYIC maintains a profitable underwriting margin.
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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.
