Southwestern University of Finance and Economics(SWUFE) has released China's first comprehensive report on the insurance trust sector, defining it for the first time as an independent industry. The report shows that China's insurance trust assets have exceeded CNY300bn($42.25bn), marking a new stage of orderly innovation and intensified competition.
These are the highlights for events and updates across the insurance industry this week.
Huaxia CapitaLand Commercial REIT was successfully listed recently, with its underlying assets comprising two mature shopping centres in the core business districts of Guangzhou and Changsha. Among its key strategic investors was Chasing Jixiang Life Insurance - one of several insurers increasing exposure to rental real estate.
China's insurance asset managers are expanding rapidly toward CNY40tn ($5.4tn) in assets, with third-party business rising as the next growth frontier, said the Insurance Asset Management Association of China (IAMAC) former executive vice president Cao Deyun.
The Insurance and Pensions Commission (IPEC) says that the sector has invested millions of dollars in agriculture, energy and infrastructure development in line with prescribed asset regulatory requirements.
Backed by a regulatory environment that encourages companies to practise environmental, social and governance (ESG), insurers will play an increasingly important role in Singapore's green transition, MSIG Singapore CEO Mack Eng said.
Leading global investment firm KKR has acquired Japanese insurance distributor Hoken Minaoshi Hompo Group. This is expected to accelerate the insurance distributor's growth strategy and unlock new value, including through organic and inorganic growth strategies such as sales enablement and bolt-on acquisitions.
Dubai-based Union Insurance Company has improved financial performance follows the discontinuation of several unprofitable lines of business in 2023, including the Oman Credit life product and individual life business in the UAE, says Fitch Ratings.
Recently, five insurance asset management firms had released their interim results, with combined operating revenue of CNY7.79bn($1.09bn) in the first half of 2025, up 14.8% year on year, and total net profit of CNY3.89bn, up 30.7%.