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China tag returned 3273 results

  • Wholly Korean-owned P&C insurer changes name

    Korean-owned property insurer LIG China has received approval from the Jiangsu Banking and Insurance Regulatory Bureau to change its name to Kaiben Property Insurance (China). The new name entered into effect earlier this month.

    China | 16 Apr 2021
  • Chinese insurers' exposure to climate-related CAT events grow

    Environmental risks are becoming an increasingly important credit driver for Chinese insurers as their exposure to climate-related catastrophic events and decarbonisation policies grow, especially for property and casualty (P&C) insurers, says Moody's Investors Service.

    China | 16 Apr 2021
  • 5 major listed insurance groups post weaker 1Q2021 total premium growth

    In the first quarter of 2021, the five major listed insurance groups posted a 2.64% increase in aggregated total premium income to CNY973.2bn ($149.2bn).

    China | 16 Apr 2021
  • Insurers yet to catch up with new energy vehicles

    Several large domestic insurance companies, including Ping An, PICC, and China Pacific, have begun to develop and design motor insurance plans for new energy vehicles, or are implementing related plans.

    China | 16 Apr 2021
  • CBIRC studies life insurance sales behaviour with eye on curbing misconduct

    The CBIRC is conducting a study on life insurance sales and plans to formulate measures to improve the sales management, according to industry players. This includes launching a comprehensive review of the commission system in the life insurance sector.

    China | 16 Apr 2021
  • Regulator to impose regulations to reduce overpricing in accident insurance business

    The CBIRC has issued a set of draft regulations, that standardises for the first time the accident insurance business of property and life insurance companies. The goal is a unified set of rules for property and life insurers that will help prevent possible regulatory arbitrage behaviour by insurers.

    China | 16 Apr 2021
  • Surrender rate in life insurance business declines

    The surrender rate of the life insurance industry has declined for past two consecutive years, according to industry data. However, the total surrender amounts were still high.

    China | 16 Apr 2021
  • Local owners of Sino-Japanese joint life venture put stake up for sale

    Shanghai United Assets & Equity Exchange has announced that 70% of the equity of Great Wall Changsheng Life Insurance has been placed on the block.

    China | 16 Apr 2021
  • China: Paper published by central bank urges lifting of all family planning restrictions

    The People's Bank of China (PBOC), the country's central bank, has in a rare move published a working paper suggesting that the country abolish its family planning policy, and encourage couples to have more children in an effort to counter the ageing population trend.

    Asia | 16 Apr 2021
  • China: Taikang Insurance Group's ratings outlook improves

    Taikang Insurance Group's stable operating results and solid capital strength, despite challenging market conditions associated with the outbreak of the coronavirus pandemic, has led to Fitch Ratings to revise the outlook on Taikang Group's Long-Term Issuer Default Rating and its core life subsidiary's-Taikang Life Insurance -Insurer Financial Strength (IFS) Rating to 'Stable', from 'Negative'.

    Asia | 14 Apr 2021

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