China
Chinese online property premiums dropped to $12.2b in 2020
Underwritten insurance contracts also went down over the course of last year.
Chinese online property premiums dropped to $12.2b in 2020
Underwritten insurance contracts also went down over the course of last year.
China Life Insurance 2020 net profit tumbles to $7.7b
Gross written premiums rose 8% to $93.6b.
China's PICC sees 2020 net profit fall 10.4%
Its P&C segment's net profit also dropped 16.4%.
ZhongAn Online P&C's 2020 net profit hits $85m
Gross written premiums grew 14.2% to $2.6b.
China scraps foreign ownership cap on insurers, but adds security rule
A review shall be conducted if an investment affects or may affect national security.
Chinese insurers' gross premium income jumps 11.6% to $155b
Life insurers' premium income rose 13.5%.
Chinese insurers hinge on digitisation to boost competitiveness
But upfront investments may undermine near-term performance.
Allianz gets full ownership of China life business
It will acquire the remaining 49% stake from Citic Trust.
Ping An Insurance records 4.9% FY2020 profit jump to $21.5b
New business value crashed 34.7%.
Pandemic puts brakes on Chinese general insurers
The sector is expected to just grow 3.8% this year.
Ping An Insurance's H1 net profit shrinks 29.7%
Gross written premiums dropped 0.2% YoY.
Chinese insurtech Waterdrop nabs $230m funding from Swiss Re, Tencent
Swiss Re reportedly invested $100m in the platform, a source said.
China's economic rebound to test foreign insurers
The country is dominated by local insurers.
Lower rates push Asian life insurers to alter investment mix
Insurers are shifting their asset allocations to US credit investments.
Higher equity investments could nick Chinese insurers' capital
The sector must manage their investments, analysts said.
China to hike insurers' equity investments to 45%
Currently, China caps all insurers' equity investments at 30% of their total assets.
China's P&C sector profits endangered over auto insurance reform
Auto insurance premium rates are expected tof all over the next two years.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
