China
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.
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
AIA's outlook turns negative after sovereign ratings: Moody’s
The sovereign rating actions will pressure AIA Co and AIA International's Aa2 IFSR because of the position of its ratings relative to the sovereign ratings of its key markets.
Insurers are one of the largest CRE investors in China – Cushman & Wakefield
The share of regional cross-border investment within Asia Pacific reached a 6-year high at 18% in Q3’23.
Yong An Insurance maintains stable outlook, strong capitalization – Moody's
Despite government support and brand awareness in Shaanxi, the insurer faces challenges in expanding its market share in the medium to long term.
China’s medical insurance funds reach $368b YTD: Report
Meanwhile, expenditures reached $320m.
China’s non-life outlook solid, thanks to motor segment: AM Best
China’s electric vehicle insurance has gained traction, driving motor insurance demand.
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Indonesia enters era of digital insurance distribution
![Indonesia enters era of digital insurance distribution]()
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
