China
China’s general insurance sector to surge 7.4% in CAGR by 2028
The sector’s CAGR is seen to climb 6.9% this year.
China’s general insurance sector to surge 7.4% in CAGR by 2028
The sector’s CAGR is seen to climb 6.9% this year.
S&P expects modest growth for BOC Insurance amidst market dynamics
The firm is expected to continue to provide high dividends to the BOC Group.
S&P forecasts slight increase in CCB's NPA ratio
The slow growth will be due to problematic property loans and higher loan ratios.
S&P predicts modest capital upkeep for PICC Group amidst market changes
The insurance group benefits from risk diversification, supporting its capital adequacy.
Moody's projects stability for Guoyuan Agricultural Insurance
Despite exposure to high catastrophe risks, the insurer’s stable outlook is backed by its robust market presence and risk-based capitalisation.
Chinese insurers under strain as investment returns face double whammy
Fitch notes that insurers have not significantly increased their exposure to riskier assets since regulatory measures in 2022.
KBFG China sees continuous growth in capital and surplus
AM Best said its relatively small capital base and underwriting portfolio expose it to volatility in the event of large losses.
Ping An P&C's favourable business profile in China's insurance market – AM Best
AM Best assessed Ping An P&C to have a favourable business profile.
German insurer steps into China market with new joint venture: Report
ERGO also received recent approval to up its stake in ERGO China Life Insurance Co..
China Life Insurance to see 45% YoY profit slump – Nomura
China Life is the only insurer Nomura covers that has adopted the transition plan for the new accounting standards (IFRS) for insurance contracts.
Property insurance in China could reach $41b in 2024
The industry saw a higher demand for property insurance driven by NatCat events in 2023.
Hexian Insurance Brokers joins Approved Supplier List
The insurer will be able to offer medical, accidental injury, and critical illness coverage for corporate employees.
PICC’s 4Q’23 earnings to rebound: UOBKayHian
Improvements in underwriting and reduced natural catastrophe losses contribute to the outlook.
CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal
The property is located in the Central Business District (CBD) in Chaoyang District.
China life insurers to focus more on quality over premium growth: analyst
Tightened regulations weakened China life insurers’ premiums in December.
Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData
Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.
AM Best addresses concerns on China's economic slowdown, highlights insurer financial security
China will diversify its sources of economic growth to counteract the impact of an ageing and declining population.
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.
