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China tag returned 2767 results

  • China: Insurers turn wary on credit business

    Several P&C insurers are becoming wary of underwriting credit insurance, as losses in this class of business mount. This represents a U-turn on the eagerness which insurers had shown in previous years when credit insurance was considered a lucrative branch.

    Asia | 09 Jul 2020
  • China: Online health insurance market will grow 43% per year until 2025

    COVID-19 has been found to accelerate the trend of consumers in China purchasing insurance online, particularly for the health sector. This creates a growing opportunity for insurers and the country's online health insurance market is expected to expand at an average of 43% per annum until 2025 according to Swiss Re Institute in its latest sigma report.

    Asia | 08 Jul 2020
  • AXA XL maintains strong (re)insurance presence in China

    Last week, AXA XL announced its switch to becoming China's first foreign-owned reinsurance subsidiary. The subsidiary, XL Insurance China, is to be named AXA XL Re China. According to a statement from AXA, this re-focus of the license was unprecedented for both AXA and for the China Banking and Insurance Regulatory Commission (CBIRC).

    AIRPlus | 07 Jul 2020
  • HSBC signals new investments in wealth and insurance in Mainland China

    HSBC Life China, the HSBC Group's life insurance joint venture in mainland China, has started offering a new digitally-enabled financial planning and insurance service in July 2020, delivered by newly recruited personal wealth planners who will provide a needs-based wealth planning experience and insurance service outside the bank's branch network to meet a holistic range of wealth, health and protection goals.

    Agents | 07 Jul 2020
  • China: New festival to raise public awareness of insurance

    The COVID-19 pandemic has escalated people's risk awareness in China greatly and aroused people's attention to insurance products such as critical illness insurance and medical insurance - leading to several online insurers benefitting from this trend.

    Asia | 06 Jul 2020
  • China: CBIRC publishes names of errant shareholders of insurers and banks

    Chinese regulators adopted shock and awe tactics last Saturday to target misbehaving shareholders of insurers and banks by naming and shaming 38 corporate investors for having "gravely" violated rules and laws in their first such exercise, reported Reuters.

    Asia | 06 Jul 2020
  • Insurance agents confident of market recovery

    Even though the Chinese insurance industry has been hit hard by the COVID-19 pandemic, agents are optimistic about the future, according to the findings of a recent survey by the global consulting firm McKinsey.

    China | 03 Jul 2020
  • New regulation issued covering online insurance sales

    The CBIRC has issued a notice to standardise and strengthen the management of Internet insurance sales behaviour and protect the interests of consumers who buy their insurance policies online.

    China | 03 Jul 2020
  • Insurers allowed to deal in treasury bond futures for hedging purposes

    The CBIRC has issued regulations to allow insurance funds to deal in treasury bond futures, restricting transactions to hedging and barring speculation.

    China | 03 Jul 2020
  • Sale of HK insurer to mainland JV completed after 3 years

    Hong Kong-based Standard Life Asia yesterday announced that it is starting a new chapter following the completion of its sale to Tianjin-headquartered Heng An Standard Life Insurance (HASL).

    China | 03 Jul 2020

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