The Insurance Association of China (IAC) has disclosed that the insurance industry operated steadily in the first quarter, achieving premium income of CNY2.31tn ($338bn), a year-on-year increase of 6.2%; and claims payouts of CNY0.89tn, a year-on-year increase of 7.5%.
China's five major 'A'-share listed insurance companies saw their combined net profit fall by 16.98% to CNY69.88bn ($10.22bn) in 1Q2026, compared to the corresponding quarter in 2025.
AI agents helped realise CNY30.44bn ($4.46bn) in sales in the first three months of 2026 by enabling demand analysis, personalised recommendations, sales pitches, and so on, according to Ping An Insurance (Group) Company of China (Ping An Group) in its unaudited 2026 first-quarter financial statements.
Hong Kong's general insurance sector saw steady premium growth alongside a surge in overall profitability in 2025, despite underwriting performance coming under pressure in parts of the market, according to data from the Insurance Authority.
Apollo, a Skyward Group Company, has launched its new international casualty reinsurance class of business, with Mr Tim Mackenzie slated to lead the class when he joins the company in October 2026.
The Financial Regulatory Authority (FRA) has issued a new decision to regulate the practices of risk assessment experts and loss adjusters in the insurance sector.
Watania International Holding has appointed Mr Anuj Agarwal as CEO, effective 20 April 2026.
The Financial Services Authority (OJK) believes that pet insurance has potential in Indonesia, as penetration in this branch is still relatively low in the country. The OJK bases its view on the growing trend of people owning pets and treating them as family members.
The AIG Board of Directors has announced that effective 1 June 2026, Mr Eric Andersen will become President and CEO of AIG and join the AIG Board of Directors, and Mr Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company's previously announced leadership transition plan.
The direct impact of the conflict in the Middle East on Saudi Arabia's Gulf Union Alahlia Cooperative Insurance (Gulf Union) is expected to be limited, according to Fitch Ratings.