Taiwan is unlikely to replace Hong Kong as a financial hub in the Asia-Pacific region, despite the ongoing political turbulence and social unrest in the latter territory, according to the country's financial regulator chief.
Earlier this year, Checkpoint Software Technologies launched an investigation on a 'normal' business email compromise incident that spiralled into $1m theft.
A survey by DHL Resilience360 shows that even as the US - China trade war drags into its 16th month, more than one-quarter of multinational firms have not made contingency plans.
The CBIRC has announced that wef 1 January 2020, restrictions on the stake of foreign investors in life insurance joint ventures will be officially lifted, and the foreign shareholding can reach 100%.
The 2022 Beijing Winter Olympics organising committee has signed the People's Insurance Company of China as a Games official partner.
Foreign investors can now hold more than half of the shares in life insurance joint ventures operating in China, according to a revised regulation unveiled last Friday.
Ping An's overseas investment arm Ping An Global Voyager Fund has led a $70m Series D funding in Indian auto technology company CarDekho alongside Sequoia Capital and Hillhouse Capital. This is the insurance group's first venture investment in India.
Non-life insurers face huge challenges in the motor insurance market as further price liberalisation has reduced average policy premium, while new automobile sales are experiencing negative growth for the first time. Both of these developments challenge insurers, notes international professional services firm EY in its China Insurance Outlook 2020 report.
Insurers which offer compulsory motor third party liability (CTPL) insurance in China should improve protection of persons against injury/death instead of focussing on covering vehicle damage, according to Mr John Chen, president of Swiss Re China.
Some life insurers in China still do not appreciate the seriousness of the issue of asset-liability mismatching, despite frequent warnings from the regulator about the gap, according to Mr Jia Biao, deputy director of the Life Insurance Department of the CBIRC.