China's insurance sector maintained steady operation and adequate solvency in the first quarter of the year, the country's financial regulator has said.
The new personal pension system has grown since its launch in November 2022 with the number of participants in it reaching 33.2m as of the end of March 2023, according to the data disclosed by the Ministry of Human Resources and Social Security.
Start-up reinsurer FuSure Reinsurance Company's current underwriting portfolio is concentrated on health and accident lines in the Greater China region, notes AM Best.
ZhongAn Insurance and ZhongAn Technology have released the first-ever white paper on artificial intelligence generated content (AIGC) technology and the integration of AI into the Chinese insurance sector.
Dalian Wanda Group is mulling the sale of as many as 20 shopping malls in wealthy areas of China, reported Bloomberg quoting people familiar with the matter, as the indebted conglomerate tries to avert a liquidity crunch.
The insurance industry is playing an increasingly important role in supporting disaster prevention and mitigation, intensifying the deployment of technology in disaster risk management.
PICC P&C, China's largest non-life insurer, and China Re P&C have signed an agreement to establish a product innovation laboratory. The move signifies that cooperation between the two parties has reached a new level and entered a new stage.
Changes in regulatory policies and market demand have led to higher requirements for talent in the mainland Chinese insurance market.
With several banks cutting interest rates on customer deposits since mid-May, wealth management and insurance products have become the focus of attention.
China is gearing up for another summer of scorching temperatures in 2023. Major Chinese cities have issued heat advisories warning their citizens that potentially record-breaking temperatures are set to pose a threat to electricity supply, crops, and the country's economy.