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China news - Life sector's margins improve despite slowing premium growth

Source: Asia Insurance Review | Jan 2019

Life insurers in China see premium growth moderating even as margins are improving, according to Moody’s Investors Service in its just-released report, Insurance – Asia-Pacific: 2019 Outlook. 
Moody’s also says that the outlook for China’s life insurance market is stable over the next 12-18 months. The report cites several factors for this outlook. They include:
  • The fast retreat of short-term savings products, especially universal life products, has lowered systemic liquidity risks; 
  • Transition towards long-term regular-premium and protection-type products supports the growth of value of new business. Recurring premiums and higher margin product mix will improve earnings quality and capital efficiency over time;
  • The life sector in general enjoys a solid solvency position amid increasing capital requirements; 
  • Product margins are improving and asset-liability management enhanced. A 
This news story is taken from Asia Insurance Review’s unique eWeekly China newsletter.
eWeekly China focuses on the world’s fourth largest insurance market - in English – providing the most up-to-date news to give readers insights and overviews of the Chinese market. 
A close look at detailed government policies, timely updates on regulatory changes, information on the presence and performance of domestic insurance companies and their foreign counterparts; topical strategic insurance issues and the ways to explore and enhance your business to yield higher efficiency and profitability; information on operational and strategic concerns of brokers, insurers, reinsurers and consultants; comments and opinions from experts on major discussion points affecting the market.
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