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China tag returned 2936 results

  • China: Taiping Re shows consistently profitable operations

    Hong Kong-based Taiping Reinsurance (TPRe) has delivered consistently profitable operating earnings over the past five years, mainly attributed to positive underwriting results and favourable investment performance. The five-year average return on equity was 6.5% (2015-2019), notes AM Best.

    Asia | 28 Sep 2020
  • Insurers increasingly offer services which extend beyond hospitalisation cover

    Chinese customers are increasingly paying for a wide range of medical and health management services, in addition to seeking health insurance products. Responding to them, insurers are offering new solutions.

    China | 25 Sep 2020
  • AIR Worldwide updates multiple peril crop insurance model for China

    Catastrophe risk modelling firm AIR Worldwide has released an updated Multiple Peril Crop Insurance (MPCI) Model for China to support probabilistic assessments for five newly modelled crop lines of business and a newly modelled sub-peril. This update also includes a new livestock module that adds six additional lines of business and two new sub-perils.

    China | 25 Sep 2020
  • Chinese families increase their assets in 1H20 despite COVID-19

    Chinese households have been able to protect their wealth from the COVID-19 pandemic and even increased their assets by more than +7% in the first six months of 2020, almost in line with the average of the last decade, says global insurer Allianz in its latest "Global Wealth Report".

    China | 25 Sep 2020
  • WeSure tops heads inaugural digital insurance agency list

    WeSure, a digital insurance agency of Chinese Internet giant Tencent, tops the inaugural Hurun China Digital Insurance Agencies list, outperforming its rivals in terms of innovation capabilities and market performance throughout the past two years.

    China | 25 Sep 2020
  • EU insurers lobby govt for online insurance licences

    The Insurance Working Group of the EU Chamber of Commerce in China has asked the Chinese authorities to clarify Internet insurance business, including how foreign insurers can obtain an online insurance licence.

    China | 25 Sep 2020
  • Young Chinese seen as saving more for retirement

    Mainland Chinese aged between 18 and 34 are setting aside more money than a year ago for retirement funds, despite the COVID-19 epidemic-related uncertainties, a leading global asset manager says.

    China | 25 Sep 2020
  • Proposed basic medical insurance reform will channel funds from individual accounts to communal pool

    The Chinese government's plan to reform the Urban Employee Basic Medical Insurance (UEBMI) scheme will redirect half of the contributions in the scheme's individual accounts-that amount to around CNY300bn annually-to the social accounts to reimburse more outpatient costs, says Fitch Ratings.

    China | 25 Sep 2020
  • Majority of workers admit to feeling stressed in 1H

    Most workers in China faced middle-to-high levels of stress in the past six months, according to respondents to a survey published by AXA Hong Kong.

    China | 25 Sep 2020
  • Hong Kong: Bank of East Asia to sell life insurance operations

    Hong Kong-based lender Bank of East Asia (BEA) has decided to sell its life insurance unit, likely worth as much as $600m, and seek a partner for its China business after a review aimed at boosting its profits and stock performance, reported Nikkei Asian Review.

    Asia | 25 Sep 2020

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