Wednesday, September 20, 2017

China

Fitch affirms IFS A- rating of China’s Huaxia Life

Fitch affirms IFS A- rating of China’s Huaxia Life

The Beijing based insurer has become the largest player in the UL segment in terms of new premiums, says Fitch.

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Fubon considering cross-strait cooperation with Ping An

Fubon considering cross-strait cooperation with Ping An

Policyholders would be able to settle a claim at more than 700 China Ping An service counters should they have an accident in China.

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China Life and Ping An make their first US real estate investment

China Life and Ping An make their first US real estate investment

The project includes a 13-story office building and a 100-unit, nine-story condominium tower.

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AIG unloads $500m stake in China’s PICC

AIG unloads $500m stake in China’s PICC

America’s biggest commercial insurer cuts its stake in PICC Property & Casualty to 8.2% as it seeks to raise funds.

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China’s insurance industry solvency remains stable

China’s insurance industry solvency remains stable

China’s insurance regulator says industry solvency is stable despite the impact of the second-generation solvency regime.

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Chinese insurers trial heavy equipment insurance

Chinese insurers trial heavy equipment insurance

Seven Chinese insurers have joined a pilot scheme to co-insure heavy equipment or high-technology.

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Chinese insurers invest $4.79b in nursing homes

Chinese insurers invest $4.79b in nursing homes

Encouraged by central government, eight insurers are building nursing homes across China.

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China considers launching a deposit insurance scheme in H1

China considers launching a deposit insurance scheme in H1

The proposed scheme will pay a maximum compensation of Rmb500,000 (USD81,500) per depositor should a bank suffer insolvency.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers