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China tag returned 1945 results

  • China: Economic losses hit nearly US$2bn from flood season

    China's Ministry of Emergency Management has said that floods in the country in the current flood season in summer have resulted in direct economic losses estimated at CNY13.35bn ($1.93bn).

    Asia | 19 Jun 2019
  • China: Non-life insurers expected to raise new capital

    Chinese non-life insurers, especially those with small scale of operation, volatile underwriting margin and high growth dynamics, are likely to seek fresh capital, Fitch Ratings says.

    Asia | 18 Jun 2019
  • Insurers could pump nearly US$250bn into local stocks on increase in investment cap

    Additional funds of CNY1.7trn ($246bn) would flow into China's domestic stocks if regulators were to raise the equities investment ceiling of insurance companies by 10 percentage points, according to an estimate by Great Wall Securities.

    China | 14 Jun 2019
  • Foreign non-life ventures maintain 1.7% market share

    Foreign insurers managed to reach 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.

    China | 14 Jun 2019
  • National reform agency proposes CTPL premium hikes for old vehicles

    The National Development and Reform Commission (NDRC) has suggested that a study be carried out on hiking premiums for compulsory motor third party liability (CTPL) insurance for old vehicles with poor safety records. The implication is that owners would then take the initiative to scrap old vehicles.

    China | 14 Jun 2019
  • More people taking up loans against insurance policies

    The total loan amount taken by policyholders against their policies is growing in size in China, as customers become increasingly aware that they can make such borrowings.

    China | 14 Jun 2019
  • Govt backs insurers' participation in healthcare sector

    The participation of insurance companies in private sector healthcare is conducive to providing diverse medical services and competition in the sector, according to a senior CBIRC official.

    China | 14 Jun 2019
  • Market watches who will buy Happy Life Insurance shares

    Happy Life Insurance has attracted industry interest following an announcement on Tuesday by controlling shareholder China Cinda that it is selling its entire 50.995% stake or 51.66bn shares in the insurer through a tender.

    China | 14 Jun 2019
  • P&C insurer eyes future strategy on its 10th anniversary

    Nanjing headquartered Zking Property & Casualty Insurance marked its 10th anniversary last month, facing a number of challenges including how to expand its market share which has hovered at just under 0.5% over the past five years.

    China | 14 Jun 2019
  • Stock investments by insurers amount to around 13% of insurance funds

    At the end of April, the insurance industry in China had insurance funds of CNY16.99trn ($2.45trn), of which the amount invested in stocks and securities funds was CNY2.14trn, representing 12.58% of total insurance funds, according to data from the CBIRC.

    China | 14 Jun 2019

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