The CBIRC has issued regulations to allow insurance funds to deal in treasury bond futures, restricting transactions to hedging and barring speculation.
Stock market volatility continues to pose the biggest challenge to the balance sheets of Japan's major non-life insurers, given the potential losses to the asset valuations that companies may face during global stock market routs, according to an AM Best report.
Milli Re has a track record of strong investment earnings, which have underpinned a five-year weighted average return on equity of 16% (2015-2019) that reflects in part high inflation in Turkey, notes AM Best.
70% of high net worth (HNW) respondents in Singapore have said that insurance comprises more than 10% of their wealth and legacy planning, compared with the 52% indicated by their peers across Asia, according to a report released by AIA and global professional services firm EY.
According to The Alliance for a Fairer Retirement System (AFRS) Australia's current retirement income system is riddled with systemic flaws that are detrimental to the financial wellbeing of retirees. A news report published on the website www.nestegg.com.au said the problems that the retirees in Australia face have been exacerbated by the current COVID-19 crisis.
China Life Insurance and State Power Investment Corporation (SPIC) will jointly establish a clean energy fund of about CNY8bn ($1.1bn).
Around 70% of retirees with money invested in a superannuation fund did not feel well educated about managing their retirement income, while around three in five do not know where their superannuation was invested, according to new research from Allianz Retire+, an Australian company dedicated to developing retirement products.
Insurers and pension administrators are taking some degree of beating right now from the COVID-19 pandemic, as they grant retirement contribution holidays, insurance premium relief and additional cover to support their customers in the next few months.
Emerging Asia will invest an estimated $1.7tn annually in infrastructure over the next 20 years with China accounting for 54% of emerging market spend, according to Swiss Re Institute in its latest sigma report.
Emerging markets will invest $2.2tn in infrastructure annually over the next 20 years, equal to 3.9% of GDP, according to estimates in the latest sigma report released by Swiss Re Institute.