China will require financial institutions to transition towards green finance as early as possible, to help achieve the country's carbon neutrality goals, reported Reuters.
Chinese life insurers' financial performance is seen as increasingly pressured by - and vulnerable to - capital market volatilities, resulting in higher asset impairment in 2020, says Fitch Ratings.
Life insurers' investment returns are on the decline as a result of which the insurers may have to rethink their business model.
The IRDAI is allowing Indian insurance companies to invest in fund of funds (FoFs), a move seen as giving a boost to the private equity sector.
China has issued a guideline to support higher-level reform and opening up in Hainan Province by promoting financial services on this island which is in the south of the country,
AXA Insurance (AXA) has announced that it is strengthening its sustainable investment offering with the addition of two investment funds which integrate sustainability in the investment process such as through negative screens, ESG integration, and active ownership, and aim to positively contribute to the UN's Sustainable Development Goals.
The Actuaries Institute says that it believes there might be a positive opportunity for the government to enhance the depth of the fixed interest markets in Australia through the issuance of bonds with maturities falling in the years ranging from 2031 to 2051 (and possibly beyond).
'Blue ocean' opportunities for China's insurance industry lie in the low-carbon, pension, medical, rural and other sectors, according to Swiss Re group chief economist Jerome Haegeli.
GCC governments each should create a new green sovereign wealth fund with the credibility and capabilities to engage with, and attract, international investors, suggests a report on green finance.
The recent US equity market rally highlights the rise of a new kind of "all-in" retail investor, one that is ramping up leveraged trading through the derivatives market, primarily via call options, we take a closer look via this report by Allianz.