News Asia28 Apr 2017

China:CIRC crackdown bites into Anbang's results

| 28 Apr 2017

Anbang Life and Anbang P&C have both shown a deterioration in their cash flows which were negative at 31 March 2017 compared to a positive report at the end of 2016. The negative figures, presented in 1Q2017 solvency reports released yesterday, mean that policy redemptions, payouts or surrenders were higher than premium revenues.

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