Leading Chinese life insurers China Life and New China Insurance (NCI) have announced a joint plan to invest CNY25bn ($3.5bn) each to launch a private equity company.
ZhongAn Online P & C Insurance's earnings will continue to be subject to uncertainties arising from investment volatility, as well as the business execution risk and timeline in the turnaround strategies of the banking and technology segments, says AM Best.
Insurance companies that were listed among the top 10 shareholders of listed real estate companies in China offloaded their shareholdings in the third quarter of this year, as the property slump in the country dragged on.
There is a need for the financial sector, including insurers, to redouble efforts to stimulate savings as inflation continues to eat away at purchasing power, Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA), has said.
Indian insurers bought a majority of the government's first-ever auction of ultra-long bonds, with around half of the issue subscribed by a large state-run insurance company, reported Reuters quoting traders.
China has revised its method of assessing the performance of state-owned commercial insurance companies, with the focus on the long term, according to a circular of the Ministry of Finance released on 30 October.
Investments in climate technologies from venture-capital (VC) and private equity (PE) fell by 40% in 2023 as economic uncertainty and geopolitical conflict continue to dent investor confidence according to PwC's 2023 State of Climate Tech report.
A new survey reveals that over 70% of the participating Asian companies expect rising demand for their products and services in the months ahead. The survey, however, predicts that the pace of growth in Asia is likely to remain subdued and may not be as robust as it was in previous years.
The China Insurance Security Fund (CISF) says that debt rollovers have become the norm in the financial sector with insurers continuing to face pressure to prevent and control credit risks.
The Financial Regulatory Authority (FRA) has revealed its strategic efforts to develop the private insurance fund market as part of its comprehensive strategy for non-banking financial services for 2023-2027.