Magazine

Jul 2019

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

China


Non-communicable diseases: When death isn't catching

Non-communicable diseases do not make headlines like infectious epidemics but they are responsible for over 70% of deaths every year globally. China has the ‘dubious’ distinction of being the global leader in non-communicable diseases. 
 

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China Life: The transformation of China's traditional life insurance industry

China Life has been a Fortune Global 500 company for 16 consecutive years, rising from 290th place in 2003 to 42nd in 2018. We offer a peek under the hood.
 

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News

Insurers given big tax break with higher deduction ceiling

Insurance companies will be able to get a higher tax deduction on the commission expenses and fees incurred in their operations, according to a statement released by the taxation department of the Ministry of Finance.
 


Small insurers' anaemic development attributed to reinsurers' capacity

Motor business aside, local reinsurance companies in China lack the capacity to support other forms of risks, according to a senior insurance industry executive.
 


Foreign non-life ventures maintain 1.7% market share

Foreign insurers managed to cling to a market share of 1.7% in China’s non-life market for the first four months of this year, similar to the share obtained for the corresponding period of 2018, according to data from the CBIRC.
 


IUMI holds event in China for first time

The International Union of Marine Insurers’ (IUMI) second Asia Forum was held in Shanghai on 22-23 May 2019. The event was hosted by Shanghai Institute of Marine Insurance (SIMI) in cooperation with IUMI and its Asia hub, the Hong Kong Federation of Insurers (HKFI). Under the theme ‘New Trends in Marine Insurance’, topics such as Fintech, global trade tensions, cyber risks and green shipping were discussed and presented by leading marine insurance professionals from around the world. The event attracted the attendance of over 300 practitioners.