The Insurance Board (IB) has ordered insurance companies to make mandatory investments in fields such as infrastructure, agriculture, water resources, and tourism.
A parliamentary question was filed by Member of Parliament Desmond Choo on trading fuelled by online discussions and social media chat groups.
Equities have been ranked by the insurance industry as their top investment choice this year, according to the first phase of the 2021 China Insurance Asset Management Industry Investor Confidence Survey released by the Insurance Asset Management Association of China (IAMAC) last month.
The aggregate full-year profits of insurance companies in China for 2020 are expected to have exceeded CNY343.2bn ($53.1bn), an increase of CNY29.85bn or 9.5% higher than in 2019. The favourable results were backed by investment income of around CNY1.1tn.
Asset risk at Sri Lankan insurers has increased due to the sovereign's weaker credit profile and the consequent lowering of national ratings of some state-owned and private-sector institutions, says Fitch Ratings in a report published yesterday.
ASABRI, the state-owned insurance company that serves members of the Indonesian military and police, has suffered investment losses estimated at IDR23tn ($1.65bn).
Allianz (China) Insurance Holdings (AZCH) yesterday announced it has received approval from the CBIRC for the preparatory establishment of Allianz Insurance Asset Management Co (Allianz IAMC).
A new study, HSBC FinFit Index, measures the financial fitness of Singapore residents based on four aspects - financial habits, financial knowledge, financial security & safety, and financial planning.
Insurance companies are now allowed to issue subordinated insurance capital bonds (ICBs), which can be another way of insurers managing their finances. Under a new notification by the Capital Market Supervisory Board (CMSB), the proceeds from ICBs may be counted as part of total capital available (TCA), comments global law firm Baker McKenzie.
Egypt's biggest non-life insurer Misr Insurance Company's financial performance and earnings are deemed as strong, with a five-year average combined ratio of 90%, notes Fitch Ratings in a recent report.