China Meteorological Administration (CMA) and four other government agencies are promoting meteorological-related green financial tools to protect against Nat CAT risks.
The life reinsurance segment of Qianhai Reinsurance Co (QHR) remains as the major driver of the company's underwriting results, notes AM Best.
French wholesale insurance broker, the APRIL Group, is taking a step forward to promote growth by strengthening its presence in Shanghai and across the pan-Asian region.
China's financial regulator has issued an action plan to boost the development of the property insurance sector over the next five years, according to the National Financial Regulatory Administration (NFRA).
A government policy document covering the much-awaited nationwide fully-fledged implementation of long-term care insurance (LTCI) has been drawn up and will most likely be unveiled at the end of this year or early next year.
The National Financial Regulatory Administration (NFRA) has approved German asset management company Allianz Global Investors' (AllianzGI) investment in Chinese insurance company Guomin Pension & Insurance Co.
Huize Holding, a Nasdaq-listed InsurTech platform company, has said that it is in the process of applying for an insurance brokerage licence in Singapore, with plans to further develop high-end insurance services in the Southeast Asian region.
China yesterday announced the rollout of a private pension scheme from 36 pilot cities and regions to the entire country, with effect from 15 December.
Chinese insurance companies are favouring equities listed in Hong Kong over those traded on mainland bourses this year, drawn by higher dividend yields, even when the shares are of the same company but with dual listings in Hong Kong and the mainland.
Zheshang Property and Casualty Insurance Company (Zheshang Insurance) turned profitable in 2023, and earnings continued to expand in the first nine months of this year (9M2024) on better underwriting performance, notes Fitch Ratings.