Magazine

May 2019

Read the latest edition of AIR and MEIR as an Interactive e-book

China


Peak strength

The Greater Bay Area initiative could be a boon for insurers and reinsurers who truly understand ‘doing business in China’. Peak Re’s Franz Josef Hahn provides a glimpse of the opportunities for businesses that take the time to gain some inside knowledge.
 

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Greying population and gap in pension funding are major challenges

The increase in longevity and the declining birth-rate is leading to a rapidly greying population in China.
 


Trade and cooperation between China and the EU to anchor global stability

Euler Hermes’ Mr Alexis Garatti looks at the ramifications of closer ties between China and the EU.
 


News

Regulator issues work plan for insurers managing insurance intermediaries

The CBIRC has issued its ‘2019 Insurance Intermediary Market Chaos Remediation Work Plan’, which sets out three main tasks for insurance companies.
 


China's MDRT membership is nearly 30% of the world's total

Among the more than 66,000 members of the Million Dollar Round Table (MDRT) worldwide, in 2018 close to 27% of them hailed from China, according to Mr Ross Vanderwolf, MDRT president. This makes China the country with the highest number of MDRT members. Among the top 100 companies worldwide with MDRT members, insurance companies from mainland China accounted for 19 seats, reported China Times.
 


Insurance industry implements standardised terminology

China has implemented its first national standardised lexicon of insurance terms to promote the development of the insurance market.