Seventy unlisted life insurance companies scored aggregate net profit of CNY22.473bn ($3.2bn) for the first six months of this year, an increase of 73% over the CNY12,920bn reached in 1H2018.
Insurance density in China increased by 1.4 times in the last seven years, rising to CNY2,724 ($385) in 2018 from CNY1,131 in 2012, while insurance penetration improved to 4.22% from 2.98% over the same period. However, despite these improvements, huge regional imbalances are still present in the iChinese nsurance market, says the international professional services firm EY.
China's six major A and H-share listed insurance groups have reported a combined premium income of CNY1.69tn ($239m) for the first seven months of this year, an increase of 8.77% over the corresponding period last year.
Medium and high net worth individuals in China are very concerned about personal health issues, and thus are willing to purchase health insurance and pension insurance, according to the findings of a survey released by Xinhuanet and Taiping Life.
A Chinese government policy allowing all couples to have two children led to an additional 5.4m births in the first 18 months after it took effect, according to a study by a Harvard University team.
The Seoul Organising Committee for the 30th East Asian Insurance Congress (EAIC) has launched its official website for the Congress.
The Star Sydney in Pyrmont was the appropriately-named venue for the glittering Australian Insurance Industry Awards for 2019 held last night - the 16th year of the awards.
Insurance major Taiyo Life Insurance will acquire 35% of Myanmar's Capital Life Insurance, a deal that gives the Japanese insurer an early foothold in a growth market.
GoalsMapper is built with the fundamental principles of personalisation, convenience and relevance to reshape the financial planning experience by expanding customer expectations. The solution was developed with advice and feedback from more than 30 veteran financial planners across various agencies.
Mr Ryan Charland has assumed the role of President Director and Chief Executive Officer of Manulife Indonesia.