The State Administration of Radio and Television and the Ministry of Culture and Tourism have issued jointly the Code of Conduct for live-streamers and online influencers who advocate products and services in professional fields.
P&C insurance companies closed down 489 branches or offices but opened 361 others in the period from 1 January to 21 June this year, according to data from the CBIRC. Thus, in the year to date, the network of non-life insurers has shrunk by 128 outlets.
The PICC Group's Hong Kong unit --The People's Insurance Company of China (Hong Kong) [PICC HK] -- has established an insurance broker in the territory, after obtaining approval for a broking licence earlier this year.
China's largest non-life insurer, PICC Property & Casualty, and the Pricing Department of the National Development and Reform Commission have signed a strategic cooperation agreement to work together on investigations into agricultural product costs and to build jointly a new platform and new model to safeguard food security and protect agriculture, rural areas and farmers.
Yingda Taihe Property Insurance has changed its capital increase plans following a lapse of one year. No mention was made of any update on a previous plan to go for a stock exchange listing.
Robust growth rates in key products including crop and livestock contributed to the expansion in premium income in 2021 for Zhongyuan Agricultural Insurance Co (ZYIC), AM Best points out.
Everest Insurance, the insurance division of Everest Re Group, yesterday announced that it has officially entered the Asian market after receiving approval from the Monetary Authority of Singapore to operate in Singapore.
S&P Global Ratings expects solid head-line growth in gross written premiums of about 6% per year for P&C insurers across personal and commercial lines in Australia.
The insurance industry is urging the Insurance Commission (IC) anew to postpone the mandated increase in their minimum capital set for this yearend, saying many companies are still far from meeting the higher requirement.
The cancellation of the fifth and final T20 cricket match on 19 June between India and South Africa, because of rain, is likely to trigger claims of INR400m ($5.1m) to INR450m.