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China tag returned 1886 results

  • China: Venture capital firm invests in HK pet insurance startup

    Chinese venture capital firm BitRock Capital has led a recent round of fundraising for OneDegree, a Hong Kong-based online pet insurance company, tapping growth opportunities in the region.

    Asia | 23 May 2019
  • China: Nearly 1m occupational disease cases reported in 2018

    More than 970,000 cases of occupational diseases were reported in China in 2018, according to an official statement.

    Asia | 20 May 2019
  • China sees first insurance asset management joint venture

    ICBC-AXA Life has opened its wholly-owned asset management subsidiary in Shanghai yesterday, having received regulatory approval to establish China's first insurance asset management joint venture in May last year, reported state news agency Xinhua. With a registered capital of CNY100m ($14.5m), the subsidiary will use insurance funds to support major industries, main construction projects, the Belt and Road Initiative and the China's regional development strategies.

    Asia | 17 May 2019
  • Major Chinese insurer's technology arm creates HealthTech milestone

    Ping An Insurance Group's technology arm, Ping An Technology, has completed a prospective multi-centre clinical trial for the world's first intelligent optical coherence tomography (OCT) retinal disease screening system. This development comes amidst Ping An's constant advancements in leveraging AI and its strong medical repository to establish a healthcare ecosystem.

    Asia | 17 May 2019
  • Top 6 insurers command 90% of combined life sector's net profits

    China's six most profitable insurers last year commanded a combined net profit of CNY129.6bn, which represented 89.57% of the life sector's aggregate net gains for the year.

    China | 17 May 2019
  • Rules published for insurers to participate in credit derivatives

    The insurance regulator has issued rules which aim to allow and regulate the participation of insurance funds in credit derivatives to manage credit risk.

    China | 17 May 2019
  • P&C insurers' 2018 aggregate net gain slides nearly 25%

    The aggregate net profits of 86 non-life insurers in China fell by 23.6% to CNY31.7bn ($4.6bn) in 2018, according to an analysis by Huibao World.

    China | 17 May 2019
  • Life sector sees robust profit increase in 2018 despite flat premium growth

    Despite flat premium revenue growth in 2018, the life insurance industry in China saw 86 life insurers post combined profits of CNY144.7bn ($21bn) for the year, an increase of 20.1% over 2017.

    China | 17 May 2019
  • AIA again tops net profit list among foreign life insurance ventures

    AIA showed the highest profits among foreign invested life insurers in China last year, according to data from the annual reports of the companies. The insurer posted profits of CNY4,343m ($631.6m) last year, making it the seventh most profitable company among local and foreign insurers in the country.

    China | 17 May 2019
  • Motor insurance says goodbye to double-digit growth rates

    Slower growth has become the new normal for motor insurance business in China, as this class of business posted 4% year-on-year growth in premium income to CNY199.4bn for the first three months of this year. In 2017, motor reported a 7% increase in premiums during the first quarter.

    China | 17 May 2019

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