China

It focuses on digitalising financial institutions and leveraging data and technology.

The price of the newly included drugs will drop by an average of 63%.

This synergises JD Auto and JD Allianz into Dida’s platform.

Taikang Group’s profitability is supported by its value-driven business strategy.

The sector was valued at $688.8b last year. 

The insurer sees ROE to rise 5% end-2024.

Pension and health products are expected to account for 50% of the market by 2035.

Fitch also forecasts a decline in underwriting profitability through 2024 due to rising claims.

The planned expansions may tap into an additional 100 million potential customers.

Under IFRS 17 and IFRS 9, consolidated capital and surplus rose by 4.8% to $14.4b.

China's insurance sector has maintained steady operation and adequate solvency in the third quarter, according to the National Financial Regulatory Administration.

The notice said banking institutions should continuously optimise financial services.

Over the past three years, the company’s combined ratio averaged 98%.

It’s risk-based capitalisation was supported by increased retained earnings.

It also plans to establish a regulatory framework for its supervision.

AM Best expects ZhongAn’s to continue facing challenges from investment fluctuations.