Aviva-COFCO Life Insurance Company's risk-based capitalisation declined to 'Strong' in 1H2024, from 'Very Strong' at end-2023, based on the Fitch Prism Global Model, says Fitch Ratings.
While Sompo Japan Insurance (SJ) is exposed potentially to considerable equity risk from sizeable domestic stocks investments and underwriting risk from expanding overseas insurance business, it appears to have ample available capital to absorb such risks, says AM Best.
The Central Financial Affairs Commission and the China Securities Regulatory Commission (CSRC) have issued jointly guidance to facilitate medium- and long-term funds entering the capital market.
Chinese insurance companies are keen to establish private equity investment funds, as they can have a positive effect on their balance sheets by easing profit fluctuations and aiding solvency.
The National Financial Regulatory Administration (NAFR) will expand pilot reforms for long-term investments by insurance funds, including opening up long-term private equity investments, according to the head of the regulatory agency, Mr Li Yunze.
Insurance asset management companies in China increased their bond allocations last year, with the scale reaching CNY11.86tn at the end of 2023, a 29.33% increase over 12 months previously.
Non-life insurer Urtrust Insurance is expected to improve its investment returns in the near-term as it continues to divest of volatile equity-type investments and focus on steadier fixed-income type investments., says Fitch Ratings.
Prudential plc has committed up to $150m to a climate-focused strategy managed by global investment firm KKR, which seeks to make infrastructure equity investments in Asia focused on the energy transition, including climate adaptation, climate mitigation and the brown-to-green transition.
Insurers are expanding into the family office space in Hong Kong and Singapore to target the needs of wealthy families in line with consumer demand, says global management consultancy McKinsey & Co.
The key to Taiwan developing itself as an Asian asset management centre is whether the island can lure NT$36tn ($1.13tn) of life insurance funds to stay at home, according to Ms Wang Li-Hui, the director-general of the Insurance Bureau of the Financial Supervisory Commission (FSC).