The combined net profit of the 75 life insurance companies totalled CNY136.49bn ($19.1bn) in the third quarter of this year, a surge of 1070.69% or by 10 times, compared with CNY11.66bn in the corresponding quarter in 2023.
CITIC Prudential Life Insurance (CPL) has announced that its two shareholders will each increase their capital in the joint venture by CNY1.25bn ($175m). This means a total increase of CNY2.5bn for CPL.
While the vast majority (82%) of respondents a health awareness study in the Greater Bay Area (GBA) express a readiness to "make an effort" to stay healthy, their actions do not always match their words.
The Guangdong-Macau In-Depth Cooperation Zone on Hengqin island aims to facilitate entry by insurers from Portuguese-speaking countries into the mainland Chinese market, a senior financial official has said.
The Insurance Association of China (IAC) has released the 2024 edition of the "Blue Book on High-Quality Insurance Services for Rural Revitalisation", which provides an update on the work of insurers in rural areas.
Life insurers in Taiwan have shifted their focus towards sales of protection-type products and continued to strengthen their capitalisation, on the implementation of accounting standard IFRS 17 and the Taiwan-localised Insurance Capital Standard (TW-ICS) in 2026, Fitch Ratings says.
Great Eastern Holdings (the Group) has reported that profits attributable to shareholders climbed by 39% to S$860.5m ($645.4m) for the nine months ended 30 September 2024 (9M-24).
Rural households in India have shown an increase in the take-up of insurance coverage, with the proportion of households with at least one-member insured surging from 25.5% 2016-17 to 80.3% in 2021-22.
The Insurance Commission (IC) is seeking other agencies to oversee the health maintenance organisation (HMO) sector.
The insurance industry's profitability (after-zakat & tax) in the Kingdom of Saudi Arabia (KSA) stood at SAR3.0bn ($800m) in the first nine months of 2024, growing by 15% from SAR2.6bn in the corresponding period in 2023, according to a report by Badri Management Consultancy which provides consulting services in the actuarial, strategic and technology fields.