Huatai Property & Casualty Insurance (Huatai P&C) is expected to improve its underwriting performance gradually over the next two years, says Fitch Ratings.
The National Healthcare Security Administration (NHSA) has said that the coverage of China's basic medical insurance is stable at over 95% and that the quality of the system had continuously improved.
Hong Kong-listed Sunshine Insurance Group Co has reported a lower net profit for 2023 despite achieving a higher turnover, as compared to 2022.
Ping An Insurance (Group) Company of China [Ping An] has reported net profits attributable to shareholders of the parent company of CNY85,665m ($11,899m) for 2023, tumbling by 22.8% over 2022.
China's top five listed insurance groups posted a 1.38% dip in combined premium income for the first two months of 2024 to CNY747.2bn ($104bn). The decline is mainly due to the weak performance of the life insurance sector.
Cash-rich Chinese insurance companies, which started buying commercial real estate in the second half of last year after prices tumbled, are awaiting more buying opportunities, according to industry sources.
Nasdaq-listed Huize Holding, a leading independent online insurance product platform in China, has turned around its results, posting net profits of CNY70.2m ($9.9m) in 2023, according to unaudited financial statements issued by the company.
China Export & Credit Insurance Corporation's (SINOSURE) underwriting earnings are likely to remain marginal in the long term, says Fitch Ratings.
Owners of electric vehicles (EVs) are finding it difficult to renew their motor insurance policies even for cars that are just past a year old. They complain that insurance companies do not give them a price quote but instead refer them to other insurers.
Swiss Re Institute and the Insurance Association of China (IAC) have cooperated on a research study to assess the level of current protection and demand for further protection of the middle-aged and elderly population in China.