China's insurance asset managers are expanding rapidly toward CNY40tn ($5.4tn) in assets, with third-party business rising as the next growth frontier, said the Insurance Asset Management Association of China (IAMAC) former executive vice president Cao Deyun.
The Insurance and Pensions Commission (IPEC) says that the sector has invested millions of dollars in agriculture, energy and infrastructure development in line with prescribed asset regulatory requirements.
These are the highlights for events and updates across the insurance industry this week.
Backed by a regulatory environment that encourages companies to practise environmental, social and governance (ESG), insurers will play an increasingly important role in Singapore's green transition, MSIG Singapore CEO Mack Eng said.
Leading global investment firm KKR has acquired Japanese insurance distributor Hoken Minaoshi Hompo Group. This is expected to accelerate the insurance distributor's growth strategy and unlock new value, including through organic and inorganic growth strategies such as sales enablement and bolt-on acquisitions.
Dubai-based Union Insurance Company has improved financial performance follows the discontinuation of several unprofitable lines of business in 2023, including the Oman Credit life product and individual life business in the UAE, says Fitch Ratings.
Recently, five insurance asset management firms had released their interim results, with combined operating revenue of CNY7.79bn($1.09bn) in the first half of 2025, up 14.8% year on year, and total net profit of CNY3.89bn, up 30.7%.
Insurance capital, long regarded as "patient capital," has begun to show results in China's markets.
The Central Bank of Egypt's (CBE) move to ease its monetary policy-supported by declining inflation rates-will increase the ability of insurance companies to offer customers more competitive premium rates, as insurers expect to pay less compensation, contributing to stabilising insurance prices, according to Mr Omar Gouda, former managing director of Misr Insurance.
Nearly 70% of Gen Z would consider professional financial advice in contrast to the 18% who are currently receiving advice or have received advice in the past according to new research by the Financial Services Council (FSC) of New Zealand.