Dragon King Life has reported its first annual profit in 2020, following 11 years of losses.
The Chinese government's extensive fiscal and monetary programme to stimulate the economy is accelerating the return to higher economic growth rates, says Mapfre Economics.
Ant Group's online mutual aid platform Xiang Hu Bao attracted 105.59m members last year and extended financial help to 68,600 subscribers, according to data released by the platform.
The top 10 life insurers in China in terms of GWP commanded around two-thirds (67.8%) of the market last year, compared to a market share of 71.2% in 2019.
Munich Re, Google Cloud and Allianz have announced a joint partnership towards pioneering cyber insurance, a first-of-its kind collaboration between a major cloud provider and leading cyber insurance companies. .
The Life Insurance Association, Singapore (LIA Singapore) yesterday announced the election of its Management Committee at the Association's Annual General Meeting (AGM) held on 3 March 2021.
The Taiwanese insurance sector posted pre-tax profits of NT$233.1bn ($8bn) in 2020, an increase of 30.7% over 2019, according to data released by the Insurance Bureau of the Financial Supervisory Commission (FSC).
Insurance pricing will continue to increase across most business lines globally this year as carriers look to mitigate poor underwriting performance and the uncertainty brought on by the COVID-19 crisis.
Insurance market growth in Qatar in 2020 was fuelled by rate increases for large medical accounts and higher reinsurance rates, resulting in GWP growth of about 5%, according to Mr Emir Mujkic, director - lead analyst, Insurance Ratings at ?S&P in the report "GCC Insurers In 2021-- Robust Capital Supports Credit Quality".
The Council of Cooperative Health Insurance (CHIC) in Saudi Arabia yesterday announced that small and medium-sized health insurance companies when merged would be exempted from paying qualification and supervision fees for a maximum period of three years, according to specific conditions and requirements.