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China tag returned 3675 results

  • Chubb becomes majority shareholder of Huatai Insurance

    Chubb, the world's biggest property and casualty insurer, is increasing its stake in Huatai Insurance Group to over 50% as it snaps up the equity held by two firms under Chinese conglomerate Wuhan Dangdai Science and Technology Industry Group for a combined CNY2.8bn ($439m).

    China | 26 Nov 2021
  • Regulator to classify agents and life insurance products in tighter rules over sales

    The CBIRC is tightening regulations over life insurance sales that would introduce for the first time classification requirements for life insurance products, integrity requirements for agents, restrictions on self-insurance by agents and curbs on policy surrenders.

    China | 26 Nov 2021
  • Insurers venture into new areas of coverage

    The insurance industry in China has made tentative steps to explore near-zero carbon car insurance, heavy rainfall catastrophe index insurance, and clean energy insurance, said a CBIRC spokesman.

    China | 26 Nov 2021
  • Online life sector abuzz over impact of new rules

    The CBIRC's new regulations, issued in October, covering online life insurance sales are the talk of the town, as industry players strive to comply with the stipulated requirements.

    China | 26 Nov 2021
  • Half of all consumers have purchased insurance online

    Half or 50% of consumers have bought insurance through the Internet, according to the "2021 China Internet Insurance Consumer Insights Report".

    China | 26 Nov 2021
  • China: Investment income buoys local reinsurance giant's bottomline

    China Reinsurance (Group) Corporation (China Re) has a five-year average return-on-equity ratio of 6.5% (2016-2020), mainly attributed to favourable investment returns, notes AM Best.

    China | 26 Nov 2021
  • Authorities step up efforts against mismanagement of insurance funds

    As market-oriented reforms of the use of insurance funds gain pace, the regulatory authorities have stepped up supervision of insurance fund management by launching comprehensive investigations into risks related to insurance funds and embarking on drive to mitigate the risks.

    China | 26 Nov 2021
  • Chinese reinsurers advised to hop on Belt & Road caravan to develop cross-border business

    While Chinese reinsurers and insurers should do what they can to develop cross-border business, it is best for them to venture abroad by relying on the Belt and Road programme, following in the wake of Chinese companies that have projects overseas, according to Mr John Chen, president of Swiss Re China.

    China | 26 Nov 2021
  • China: Birth rate falls below 1% in 2020, the lowest in 43 years

    The birth rate in China in 2020 stood at 8.52 per thousand people, representing a new low since 1978, according to the recently published China Statistical Yearbook 2020 compiled by the National Bureau of Statistics. In addition, the rate of natural increase-the difference between the birthrate and the death rate-dropped to 1.45 per thousand, also the lowest rate in 43 years, the yearbook said.

    Asia | 24 Nov 2021
  • China: Financial regulators issue draft rules on perpetual bonds

    China's central bank and banking and insurance regulator issued draft rules last week on the issuance of perpetual bonds by the country's insurance companies, reported Reuters.

    Asia | 23 Nov 2021

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