China
Web-based insurance policyholders in China hits 222 million
Nearly 28% admitted to buying insurance from the Internet.
Web-based insurance policyholders in China hits 222 million
Nearly 28% admitted to buying insurance from the Internet.
Ping An Insurance Group profit surges 34% to $8.45b in H1
The insurer was able to grow its retail customer base to 179 million.
Ping An eyes acquiring Prudential's Asian business
China’s deleveraging campaign has prompted the insurer to look for further growth engines.
China to launch national medical insurance by 2019
Urban and rural residents will enjoy equal benefits.
Chinese P&C insurers' digitalisation efforts beat Hong Kong and Japan
Ping An P&C’s motor insurance service uses image recognition to provide repair estimates based on submitted pictures.
Chinese insurers shun universal life policies to ensure sustainability
These are commonly structured as short-term savings products.
China's online property insurance premiums surge 30.9% to $2.26b in Q1
The quarterly growth reverses a slight decline registered last year.
Chinese insurers defy deleveraging campaign by ramping up alternative asset allocation
Such assets offer higher returns of 9.42% than 5% on average offered by corporate bonds.
China's insurers remain flush with money
Average comprehensive solvency ratios of life and P&C insurers remained above 200% as of end 2017.
Ping An profits up 12.5% to $4.57b in Q1
Strong performance from the life and health segment boosted quarterly earnings.
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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.
