China welcomes well-performing foreign institutions to do business in China and the risks in the financial sector are controllable overall, reported Reuters quoting the head of its financial regulatory administration told the Lujiazui Forum in Shanghai yesterday.
Several life insurance companies have started to offer a service to convert benefits payable under life insurance policies, in the event of the death of the insured or the maturity of the policy, into long-term care insurance benefits.
China's five biggest listed insurers have announced total cash dividends of CNY78.19bn ($11bn) for the 2022 financial year. The dividend rate of each insurer remains at a relatively high level of more than 30%.
Inflation in China is subdued. Consumer price index (CPI) inflation rose on average by 1% in the first four months of 2023 year-on-year (yoy), reflecting weakness in overall demand, according to the latest Swiss Re Institute economic insight report.
China is building a multi-level health insurance system but the limited funds available in it do not meet the most important needs, according to Mr Jin Weigang, vice president of the China Association of Social Security (CAOSS) and deputy director of Zhejiang University's Institute of State System Research.
Japanese insurer Tokio Marine Holdings has picked investment banks Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1bn, two sources with knowledge of the transaction told Reuters.
Weak operating conditions for Sri Lankan insurers raise near-term downside risks to their credit profiles, says Fitch Ratings.
Listed insurers in Qatar posted a 56% jump in combined profits to QAR385m ($106m) for the first quarter of the year from QAR247m for the corresponding quarter in 2022, according to an analysis by Badri Management Consulting, an international company offering actuarial, strategic and technology consulting services.
Premiums for private health insurance policies have soared by 3-4 times in Turkiye.
HCF has launched what it claims is a health insurance industry-first QR code claiming solution for extras services to make the claims process more efficient.