More than two-thirds (69%) of global investors engaged in nature investment plan to increase their investments according to a new report from climate and nature advisory firm Pollination.
AIA NZ has announced a collaboration with Smartshares, an investment funds manager in New Zealand and a subsidiary of NZX, to ensure a seamless and cost-efficient transition of the insurer's $500 million unit-linked policy portfolio into SuperLife funds.
The National Financial Regulatory Administration's (NAFR) new measures to encourage the insurance sector to invest in the domestic stock markets are expected to free up around CNY200bn ($27.5bn) from insurance companies.
China's five biggest listed insurance companies have posted year-on-year declines in their annualised net investment yield in the first half of this year.
The regulatory authorities have issued a notice to some insurance companies to conduct research on the long-term investment of insurance funds in the stock market.
Leading insurers in China have used recent earnings calls to reassure investors about their exposure to the nation's deepening property crisis, with the country's biggest insurance group, Ping An Insurance, detailing reductions in its holdings in the sector.
Wan Feng, a former chairman of Hong Kong- and Shanghai-traded New China Life Insurance, has appeared in court on bribery charges involving more than CNY12.09m ($1.65m).
The Financial Services Council (FSC) of New Zealand has launched its inaugural policy platform, "Blueprint for Growth", which aims to help lead, guide and shape the policy debates that matter in relation to growing the financial confidence and wellbeing of all New Zealanders.
The China Securities Regulatory Commission (CSRC) will implement a pilot programme for long-term stock investments by insurance funds.
Fitch Ratings says that it believes that the already-heightened risk China's trust sector faces could increase, potentially affecting more financial-sector entities, including insurers, if China's economic recovery continues to lose momentum and the property sector's distress is sustained.