More than half (54.4%) of subscribers to the low-cost inclusive health insurance plan huiminbao purchase insurance for the first time when they acquire huiminbao, according to a report released jointly by Waterdrop User Research Centre and Waterdrop Insurance Research Institute.
The insurance industry chalked up total premium income of CNY4.1tn ($578.7bn) in the first 10 months of this year, according to data released last week by the CBIRC.
The number of the elderly with the highest degree of dependency coping with daily activities -- ranging from dressing, bathing, and feeding to cooking and shopping -- will increase by 31% or 14.02m in a decade to 59.3m in 2030, according to a study by Chinese academics on the trends in functional dependency and project future care needs for older people in China.
Beijing-headquartered Sunshine Insurance Group Company has given an indicative price range of HK$5.83 ($0.75) and HK$6.45 per share for 1.15bn new shares being offered in its IPO in Hong Kong.
Sunshine Insurance Group, which has launched an IPO in Hong Kong, says in its prospectus that measures imposed by the Chinese government to curb the COVID-19 pandemic may cause general uncertainties and short-term impacts on the group's offline business activities, financial condition and operational management.
New life business premiums derived from mainland China visitors to Hong Kong were HK$1bn [$128.5m] (increased by 110.9%) for the first nine months of this year, according to statistics released by the Hong Kong Insurance Authority.
Japanese insurers' underwriting fundamentals are likely to recover during 2023, as the negative effects from the COVID-19 pandemic subside, Fitch Ratings says.
Kyobo Life Insurance has been continuously incorporating sustainable development concepts into its business strategies and the effort has been acknowledged in an industry-wide index for its socially responsible efforts.
The insurance regulator has given the green light to Go Digit General Insurance for a listing on stock markets.
As the US Federal Reserve (Fed) continued to raise interest rates, Taiwanese life insurance companies have increased the declared interest rates on foreign-currency denominated insurance policies. However, the insurers have been directed by the Financial Supervisory Commission (FSC) to desist from doing so.