A State Council executive meeting held on 18 June has decided to provide wider farm insurance to help farmers fend off risks and stabilise income from grain production.
The growth rate of the premium income of the life insurance business of the five major Chinese listed insurance companies in the first five months of this year continued to slow, compared to the previous months of this year.
Statistics show that one out of every five people in China suffers from a chronic illness, 50% of them die before the age of 60.
The National Healthcare Security Administration (NHSA) has issued the "Healthcare Security Law (Draft for Soliciting Comments)" with the aim of enacting a comprehensive medical security law that focuses on the government-run basic medical insurance fund.
China's banking and insurance sector will accelerate the development of green finance and provide comprehensive financial services to assist in the country's transition toward a greener and low-carbon economy, regulatory officials have said.
With the Chinese government's goal of developing green finance, the insurance industry has published details of how it has been helping in green development.
Although infrastructure Real Estate Investment Trusts are a new financing model in China, insurers are attracted by the yields, relatively low risk and long-term secured assets underlying the REITS, industry sources say.
China yesterday published draft rules to regulate the behaviour of big shareholders of banks and insurers, in a bid to improve corporate governance and protect the interests of other stakeholders.
he cumulative premium income of China's five largest listed A-share insurance companies for the period from January to May 2021 reached CNY1.3tn ($202.5bn), which reflected flat performance compared to the corresponding five months of 2020. The growth rate for the first five months of this year was only 0.69%.
A total of 140 inclusive supplementary health insurance plans, known as huiminbao ("Benefit The People" health insurance) policies have been launched across the country, covering 26 provinces, as of 31 May 2021.