China
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.
2 days ago
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.
2 days ago
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.
2 days ago
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.
Global economic loss from natural disasters reaches $380b, China floods second-highest
This is the fourth year in a row where economic losses surpass $100b.
China’s insurer’s financing needs skyrocket to $29.7b: Report
Stricter solvency rules imposed in 2021 led to a decline in solvency indicators under the new regulations.
Generali buys 100% of its Chinese P&C insurance line
The estimated impact of the groups’ Regulatory Solvency Ratio would be -1 p.p.
Partner insurer payout leaps 23% YoY through Ant Group's insurance arm
Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance
Commentary
Market Saturation and Competition: Obstacles in Singapore's Insurance Sector