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China tag returned 4432 results

  • Macau: Largest general insurer's underwriting gains boost profits in 2022

    China Taiping Insurance (Macau) Company Limited (CTIM), the territory's largest non-life insurer, continues to be profit generating in 2022, supported by positive underwriting results, and partially offset by unfavorable investment results, says AM Best.

    Asia | 27 Mar 2023
  • eBaoTech: The future of InsurTech

    InsurTech has seen significant growth and development over recent years. InsurTechs have introduced various new technologies which have streamlined the insurance process, from underwriting and claims handling to customer service and product offerings. While some experts believe that the industry has peaked and may not have much more room for growth, others argue that the market is still expanding with opportunities for innovation. eBaoTech Corporation founding CEO Woody Mo shared his thoughts with us.

    China CEO | 27 Mar 2023
  • ZhongAn posts losses in 2022, hit by weak investment gains

    ZhongAn Online P&C Insurance, China's first Internet-based insurance company, fell back into red ink in 2022, reporting a net loss attributable to owners of the parent company of CNY1.36bn ($199m).

    China | 24 Mar 2023
  • Waterdrop swings back to profits in 2022 on heavy cost cutting

    New York-listed Waterdrop, one of China's largest listed insurance intermediaries with a technology platform dedicated to insurance and healthcare services, swung its financial performance to black ink in 2022 through heavy cost cutting.

    China | 24 Mar 2023
  • Health insurance business in China shows different trends between life and non-life insurers

    In 2022, the insurance industry's health insurance premium income reached CNY865.3bn, a year-on-year increase of 2.4%, and the growth rate, which has been sliding, is predicted to fall further. At the same time, the premium growth rates of the health insurance business of life insurance companies and property insurance companies are markedly different.

    China | 24 Mar 2023
  • Insurance industry grows by 3.8% in Jan 2023

    The premium income of the mainland Chinese insurance industry stood at CNY1.02tn ($149bn) in the first month of this year, representing a year-on-year increase of 3.8%, according to statistics released by the CBIRC on 21 March.

    China | 24 Mar 2023
  • Insurance sector discusses risks in Silicon Valley Bank scenarios

    The Life Insurance Department of the CBIRC is reported to have held a forum with the Insurance Association of China and representatives of more than 20 insurance companies to discuss liability costs and asset-liability management in the life insurance industry.

    China | 24 Mar 2023
  • Pace of increase in the economic burden of diabetes in China predicted to exceed that of GDP

    Diabetes prevalence in adults aged 20-79 years in China is projected to increase from 8.2% to 9.7% during 2020-2030, particularly in northern China, according to a recent study whose findings were released last month.

    China | 24 Mar 2023
  • Centralisation of financial-sector supervision in line with cohesive regulatory effort

    China's plan to centralise the supervisory agencies for most financial sectors should reduce regulatory gaps and support efforts towards a framework that can monitor and address risks more systematically across the financial system, says Fitch Ratings.

    China | 24 Mar 2023
  • 2 major insurance groups see aged-friendly services as a new growth area

    The Dajia Insurance Group has established its first private equity investment fund targeted at the healthcare and pension sectors. The fund size is CNY5bn ($733m)

    China | 24 Mar 2023

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