Ping An Insurance (Group) Company of China (Ping An) has announced that its net profit attributable to shareholders stood at CNY36,709m ($5,071m) in the first quarter of this year, a fall of 4.3% compared to the corresponding quarter of 2023.
Apart from outlining the main goals of green insurance development on both the asset and liability sides, the National Financial Regulatory Administration (NAFR) has spelt out the specific responsibilities of insurers in green insurance development.
Consumers in China rank health risk protection as their first priority in insurance purchases, leading to critical illness (CI) insurance being the product with the highest ownership rate in 2023.
The vast majority (69%) of companies in Hong Kong will look to add or enhance at least some of their insurance benefits for employees in the next two years, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".
Manulife Hong Kong has launched Genesis, a new participating life-insurance savings plan designed to help customers accelerate their long-term savings. With Genesis, customers only need to pay premiums for five years to enjoy a total internal rate of return (TIRR) of up to 4.29% at the end of the 10th policy year, and a TIRR of up to 7.19% at the end of the 100th policy year, allowing for potential wealth transfer to the next generation.
Peak Re has expanded its structured solutions team. The newly-created team will operate independently and maintain a close working relationship with Peak Re's P&C and L&H business teams.
Asia is a region where the significance and impact of health, health care and health insurance cannot be overstated, said QBE Singapore CEO, Ronak Shah, speaking in his capacity as General Insurance Association of Singapore president at the 19th Asia Healthcare and Health Insurance Conference yesterday morning.
Half of Chinese households spent more than CNY8,000 ($1,100) on insurance premiums in 2023, according to a recent study.
A new study released by leading personal finance portal MoneySmart, reveals the extent to which parents' behaviours shape Singaporeans' financial habits in later life.
Remittances from migrant workers and foreign direct investments (FDI) are transforming the insurance landscape, particularly in emerging economies, says the non-profit, non-governmental organisation African Centre for Economic Monitoring and Intelligence (CAVIE).