China
China’s major disease insurance benefit over 11m in 2023
The program aims to lessen the burden of medical expenses for its beneficiaries.
China’s major disease insurance benefit over 11m in 2023
The program aims to lessen the burden of medical expenses for its beneficiaries.
CMB Wing Lung gains support from China Merchants Group
AM Best sees its balance sheet boosted by strong risk-adjusted capitalisation.
China boosts healthcare with 95% insurance stability
744 drugs have been added to the insurance catalogue.
Narrow capital buffer limits Allianz Jingdong's expansion
Fitch anticipates increased synergy and integration between the parent company and its Chinese subsidiary.
Equity infusion strengthens Zhongyuan against risks: Fitch Ratings
Despite higher loss ratios in agricultural insurance, ZYIC maintains a profitable underwriting margin.
China’s general insurance sector to surge 7.4% in CAGR by 2028
The sector’s CAGR is seen to climb 6.9% this year.
S&P expects modest growth for BOC Insurance amidst market dynamics
The firm is expected to continue to provide high dividends to the BOC Group.
S&P forecasts slight increase in CCB's NPA ratio
The slow growth will be due to problematic property loans and higher loan ratios.
S&P predicts modest capital upkeep for PICC Group amidst market changes
The insurance group benefits from risk diversification, supporting its capital adequacy.
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.
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.
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.
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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.
