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).
AI chatbot, ChatGPT, is creating sensations and breaking barriers in different industries, and even giving financial advice to people. But can it really replace human financial advisors?
Someone in poor health or with medical problems should have an entirely different plan from a person who is healthy, said certified financial planner Carolyn McClanahan.
Despite US insurance companies' minimal exposure to bonds issued by the now-shuttered Silicon Valley Bank (SVB), the failure highlights for insurers the importance of managing enterprise, asset-liability and liquidity risks, according to an AM Best commentary.
The Financial Regulatory Authority (FRA) has released rules governing insurance companies commissioning investment companies to manage their investment portfolios. The goal is to help insurers earn more attractive investment returns.
Financial planning, money management, and investments have traditionally been male-dominated and male-oriented. Even with women excelling in all fields of life and becoming increasingly independent, their financial planning still takes a backseat.
China's securities regulator has issued guidelines that encourage insurance asset management companies to engage in asset-backed securities (ABS) and real estate investment trust (REIT) businesses.
The chairman of LIC has said that India's biggest insurer is more confident of its business prospects with the country's second-largest conglomerate, Adani Group, after a meeting with the conglomerate's investment executives.