Sunday, April 22, 2018

China

Hyundai assessing damage caused by Chinese explosion

Hyundai assessing damage caused by Chinese explosion

South Korea’s top carmaker said 4,000 of its vehicles were damaged in the explosion that rocked Tianjin.

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Insurance complaints on the rise in China

Insurance complaints on the rise in China

In the first six months of this year, complaints about insurance contracts in China grew by 4.03%.

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China to punish firms leaking medical insurance data

China to punish firms leaking medical insurance data

Insurance regulator to carry out inspections on firms found to have irregularities.

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China Reinsurance files for HK IPO

China Reinsurance files for HK IPO

State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.

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Alibaba Health and CPIC Allianz team up

Alibaba Health and CPIC Allianz team up

The two firms have signed an agreement that could set a new model for online health insurance services in China.

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China Minsheng to buy Sirius for US$2.2bn

China Minsheng to buy Sirius for US$2.2bn

Acquisition of Sirius seen to give support to CMI’s efforts to expand in the Bermuda reinsurance sector.

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China urges insurers to go digital

China urges insurers to go digital

Insurance regulator CIRC has issued guidelines to encourage insurers to use the internet to reach more clients.

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China approves Anbang’s Vivat acquisition

China approves Anbang’s Vivat acquisition

The Chinese insurer will inject US$1.48 billion into Dutch state-owned Vivat as part of the deal.

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China expands medical insurance for critical illnesses

China expands medical insurance for critical illnesses

The critical illness insurance system will cover more urban and rural residents.

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Tokio Marine looks for China growth opportunities

Tokio Marine looks for China growth opportunities

Japan’s largest non-life insurer to use Citic’s expertise and connections to accelerate business development in China.

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China to support online insurance businesses

China to support online insurance businesses

China’s central bank is encouraging insurers and other financial institutions to improve their online offering.

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Anbang bids for London’s Heron Tower

Anbang bids for London’s Heron Tower

Anbang Insurance is bidding £750m for the tallest building in the City of London financial district.

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Typhoon Chan-hom claims predicted at US$350m

Typhoon Chan-hom claims predicted at US$350m

Insured losses are unlikely to exceed US$354.3m, according to AIR Worldwide’s catastrophe risk modelling.

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China Life posts record-high net income

China Life posts record-high net income

China’s largest life insurer posts a 103% rise in net income to NT$5.71 billion.

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‘No insurance, no entry’ for Chinese visiting Taiwan

‘No insurance, no entry’ for Chinese visiting Taiwan

Tourism bureau will require insurance that covers unexpected illnesses or injuries sustained while in Taiwan.

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Guy Carpenter hails Panda bond as “historic”

Guy Carpenter hails Panda bond as “historic”

Cat bond exemplifies the benefits of convergence between reinsurance and capital markets, says David Priebe.

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S&P warns Chinese insurers of equity risks

S&P warns Chinese insurers of equity risks

Insurers should stay prudent after China’s relaxation of regulatory limits on equity investments.

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PICC buys US$1.6bn stake in Fujian bank

PICC buys US$1.6bn stake in Fujian bank

The acquisition increases PICC’s stake in Hong Kong-listed Industrial Bank Co to 14%.

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