China
ZhongAn’s investment income reliance puts earnings on shaky ground
Its net profit is “volatile” with net profit in 2023 and net loss in 2022.
ZhongAn’s investment income reliance puts earnings on shaky ground
Its net profit is “volatile” with net profit in 2023 and net loss in 2022.
Howden Re sees property-cat rate decline
Forecasts show a 60% chance of La Niña developing midseason.
Sunshine Life retains adequate capital buffer: Moody’s
The insurer was able to show an ROC of 4.7% in FY23.
Chinese insurers to benefit from bancassurance rule-lift
The removal of the rule is seen to increase premium growth.
China life insurers buoyed by stable interest rates – Jefferies
The surge is due to PBOC supporting long-term yields and positive equity market sentiment.
Chinese insurers deem it wise to move to alternative investments
Analysts see new regulations driving a conservative shift as insurers seek stability amidst volatile markets.
Nomura lifts target prices for Chinese insurers to 12%
The adjustment follows a 100 basis point reduction in its risk discount rate.
Markel enhances Chinese market position
Two of the new hires are underwriters, whilst the third will take on a managerial role.
Thousands of Chinese graduates to receive social insurance
These positions will have a two-year service period.
Capital strain looms for Guoren P&C amidst delayed shareholder injections
It could impact the company's ability to withstand fluctuations in its equity base amidst a volatile capital market.
China's crop insurance aims to tackle farmer instability
Amongst other things, it also talked about plans for logistics and the manufacturing sector.
Porch Group sues CCB over alleged reinsurance fraud: Report
CCB is accused of working with employees of bankruptcy-hit Vesttoo.
ZhongAn buys landmark offices in Shanghai
The insurer plans to build a FinTech cluster through the property purchase.
Ant Insurance unveils privacy-preserving auto insurance tech
Providers like PICC, Ping An, and CPIC have already adopted this type of tech.
China's long-term care insurance sees regulation overhaul
Since its launch, the scheme has covered 180 million people.
China’s old-age insurance coverage surges by 14.34 million
Revenue of three social insurance funds totalled $309.6b in Q1’24.
China's pension scheme grows to 1.07 billion participants
Total income and expenditure of these schemes amounted to $304b in Q1’24.
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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.
