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China tag returned 2556 results

  • China: Korean insurance venture posts stable interest income

    LIG Insurance (China), a wholly-owned subsidiary of Korean insurer KB Insurance, has generated positive net profits consistently over the past five years, notes AM Best. Stable interest income, derived from a highly conservative investment portfolio, continued to be the main driver of its operating performance which helped to offset marginal underwriting results.

    Asia | 02 Apr 2020
  • China: CBIRC investigates Q1 operational status of life insurers

    Most life insurance agents and promotions have been affected by the COVID-19 pandemic and new business growth has plunged.

    Asia | 01 Apr 2020
  • China: Online life insurance sales rise by more than 50% in 2019

    The online life insurance market posted steady expansion last year, with premiums soaring by 55.7% year on year, according to a report from the Insurance Association of China.

    Asia | 01 Apr 2020
  • Shanghai formulates new insurance for the resumption of work and production

    Shanghai Banking and Insurance Regulatory Commission (CBIRC-Shanghai) first-level inspector Li Hu said that since the outbreak of COVID-19 pandemic, the CBIRC-Shanghai has directed the Shanghai banking and insurance industry to participate actively in prevention and control work and provide quality services for enterprises to resume work and resume production.

    Asia | 31 Mar 2020
  • China: Taiping Insurance Holdings reports record US$1bn net profit

    China Taiping Insurance Holdings has announced that its net profit for 2019 rose 31% HK$9.01bn ($1.16bn), a record result.

    Asia | 30 Mar 2020
  • Taiwan: Equity poser for National Health Insurance scheme administrators

    Proposals have been raised to revise premium rates of the National Health Insurance (NHI) system for Taiwanese who work overseas and who have not contributed to the scheme.

    Asia | 29 Mar 2020
  • Macau: Local unit of Taiping Insurance improves capital position

    The risk-adjusted capitalisation China Taiping Insurance (Macau) [CTIM] continued to improve in 2019, mainly driven by organic growth in the company's capital through profit retention, as well as the settlement of large claims and reinsurance recoverables related to prior accident years, notes AM Best.

    Asia | 29 Mar 2020
  • Ping An's COVID-19 Smart Audio Screening System Identified More Than 1,600 Suspected Cases To Date

    Ping An Insurance (Group)'s Ping An Smart Healthcare, the smart health care team of subsidiary Ping An International Smart City Technology Company has launched a smart audio screening system for COVID-19 to strengthen epidemic control and prevention with artificial intelligence (AI) technology.

    Agents | 24 Mar 2020
  • Chinese insurers urged to rethink coal insurance

    Ping An and other Chinese insurers should reconsider their support for any new coal projects, encourage existing coal company clients to accelerate their transition to renewable energy sources, and ramp up their services for the wind and solar industry, urges Mr Peter Bosshard directs the finance programme of the Sunrise Project which aims to scale social movements to drive the transition from fossil fuels to renewable energy.

    China | 27 Mar 2020
  • China Life's net profits shoot up 5 fold in 2019

    China Life Insurance has posted net profits attributable to equity holders of CNY58.29bn for 2019, an increase of CNY46.89bn or 411.5% compared to 2018. This is more than five times the CNY11.4bn resported for 2018.

    China | 27 Mar 2020

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