Tuesday, January 23, 2018

China

Chinese insurtech market attracting more players

Chinese insurtech market attracting more players

A new generation of disruptors is emerging on the scene to compete in the vibrant and emerging insurance technology landscape.

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China urges insurance for belt-and-road initiative

China urges insurance for belt-and-road initiative

Companies undertaking projects under the initiative are being told to take advantage of insurance to minimise risks.

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Ping An eyes spinning off four subsidiaries

Ping An eyes spinning off four subsidiaries

The units include Lufax, China’s biggest online wealth management platform, and Ping An Good Doctor, an online medical platform.

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Chinese crackdown on insurers intensifies

Chinese crackdown on insurers intensifies

The China Insurance Regulatory Commission is aiming to stiffen regulation of insurers’ shareholders.

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Ping An premium income surges 33.4% in 2017

Ping An premium income surges 33.4% in 2017

Individual business growth fuelled the rise in the accumulated gross premium income of the life insurance business.

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Chinese insurers’ premium income up nearly 20%

Chinese insurers’ premium income up nearly 20%

The strong figures were achieved despite the authorities’ tightened regulation of the sector.

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China’s first tech insurer set for launch

China’s first tech insurer set for launch

Taiping Technology Insurance will be the first insurer to focus on the country’s technology sector.

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Ping An value hits US$101bn in 2017

Ping An value hits US$101bn in 2017

The stock of Ping An Insurance Group Co continues to soar, despite the lack of hype that insurers have as compared with tech companies.

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Life premiums in China to climb 15%

Life premiums in China to climb 15%

Increasing household income and growing awareness of risk management are driving interest in coverage.

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AIMA, IAMAC sign insurance collaboration agreement

AIMA, IAMAC sign insurance collaboration agreement

Among the areas being looked at for collaboration are educational programmes and joint events.

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AIR Worldwide partners with PICC Re

AIR Worldwide partners with PICC Re

The Chinese reinsurance arm of PICC has already received regulatory approval for the partnership.

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Low-rated insurers to face curbs in China

Low-rated insurers to face curbs in China

Affected companies will face restrictions from the regulator, the official Xinhua news agency reports.

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Manulife ties up with Agricultural Bank of China

Manulife ties up with Agricultural Bank of China

The agreement indicates that they will explore financial solution distribution opportunities in the country.

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China considers revising insurance security fund rules

China considers revising insurance security fund rules

The move will allow the fund to provide necessary liquidity support to insurers in case of crisis.

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Ping An life insurance premium income up 34%

Ping An life insurance premium income up 34%

Increased sales of individual policies have helped to spur growth for China’s second-biggest insurer.

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Ping An on the hunt for more tech investment abroad

Ping An on the hunt for more tech investment abroad

The company’s innovation drive includes a facial recognition app that can spot lying borrowers.

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ZhongAn teams with Sinolink to expand overseas

ZhongAn teams with Sinolink to expand overseas

China’s first online insurer has partnered with the Hong Kong-listed investment holding company.

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ZhongAn takes inspiration from Ping An on insurtech

ZhongAn takes inspiration from Ping An on insurtech

China’s first and largest online-only issuer says the market is big enough to support both companies’ ambitions.

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