China Reinsurance (Group) Co [China Re] has reported net profit attributable to equity shareholders of the parent company of the Group of CNY 1,871m, representing a year-on-year decrease of 68.6%.
China Life Insurance, the country's biggest insurer, has posted a net profit attributable to equity holders of the company of CNY32.1bn in 2022, 37% lower than in 2021.
China Pacific Insurance (Group) Co [CPIC Group] has posted an 8.3% drop in net profit attributable to shareholders of the parent to CNY24.61bn ($3.58bn) in 2022.
Most of SMEs in Singapore are not supplementing their digitalisation strategies with adequate protection measures nor tapping into the support available to them according to a new survey conducted by QBE Singapore.
The savings of India's public - channeled through life insurers, provident and pension funds - are increasingly getting ploughed into long-term debt, leading to a structural change in the costs of borrowing for Prime Minister Narendra Modi's government, reports Bloomberg.
The head of the Insurance Brokers Association of Ghana (IBAG) has said that it is time for the industry to re-strategise their business model to avert a possible funding crisis arising from their participation in the Domestic Debt Exchange Programme.
Life Insurance Corporation of India (LIC), India's largest insurance company, is moving towards limiting its debt and equity exposure to companies, according to an exclusive report by Reuters which quoted two sources.
The Life Insurance Department of the CBIRC is reported to have held a forum with the Insurance Association of China and representatives of more than 20 insurance companies to discuss liability costs and asset-liability management in the life insurance industry.
The Dajia Insurance Group has established its first private equity investment fund targeted at the healthcare and pension sectors. The fund size is CNY5bn ($733m)
The insurance sector in Taiwan has the highest exposure to Credit Suisse at NT$108.2bn ($3.6bn) as of the end of January 2023, according to data from the Financial Supervisory Commission (FSC).