Life insurance

Taiwan’s Shin Kong Life is planning to divest its remaining 25% stake in Beijing-based Dingcheng Life, gaining $66.2m (CNY428m) in the process, according to media reports.

Private insurers grew 8% in individual business, whilst group business saw a 20% growth.

However, most domestic life insurers maintain robust risk-adjusted capitalisation.

China Post Life is a subsidiary of China's postal service operator.

Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.

Zurich life will launch two plans and two digital platforms.

The deals will turn Generali into Malaysia's second biggest P&C player.

It is expected to maintain good capital buffers to support business expansion.

Life insurers saw better profits in 2020, whilst non-lifers saw improved loss ratio.

The decline was observed in group insurance.

The training market is adjusting through rehashing their portfolios.

Training programmes are being offered especially on entry-level skills.

The academy helps financial professionals accelerate their careers.

Pandemic-induced mortality losses will remain small.

Long-term insurance revenue premiums declined 5.2%.