Country: China Page 19 / 81
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- February 25 2022
China rule change led to 1% fall in motor revenue for Axa
CBIRC carried out a reform of motor insurance in 2020.
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- February 18 2022
HKIA welcomes preferential treatment under C-Ross
This is the first time that Hong Kong's preferential treatment has been codified in Chinese law.
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- February 14 2022
China’s premiums up 4.1% to US$707bn in 2021: report
Assets also climbed 11.5% across P&C insurers, reinsurers and life players, CBIRC data shows.
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- February 11 2022
Chaucer launches new ESG scorecard
The China Re-owned specialty player is teaming up with Moody’s to track ESG metrics.
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- February 10 2022
Hong Kong’s ILS market held back by low P&C penetration
Expect more deals - eventually. It will just take time, say experts.
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- February 8 2022
CBIRC regulates quarantine cover: report
The watchdog has issued an emergency notice for quarantine insurance after claims were rejected.
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- February 4 2022
Chubb ups stake in China’s Huatai to 86.1%
The US insurer is bolstering its presence in the second largest insurance market in the world.
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- January 31 2022
China reports 58% surge in motor cover
As the amount being insured has risen, premiums have fallen by 5.7% - a positive for the market.
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- January 26 2022
China electric car company NIO launches broker
Policy push by Beijing means cleaner energy vehicles are becoming increasingly popular.
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- January 24 2022
CPIC records life and P&C premium growth for 2021
P&C premiums at the Shanghai-headquartered insurer grew by over 3% to US$24.2bn.
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- January 20 2022
CBIRC releases interim unified supervision framework
The new rules will take effect from March 1 and apply to off-site supervision.
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- January 19 2022
China Taiping GI’s 2021 GWP decreases 2% from previous year
The Chinese P&C subsidiary recorded US$4.33bn of GWP in 2021.
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- January 19 2022
Xi Jinping comments are welcome news for foreign (re)insurers
Chinese leader hints at more deregulation as Gallagher becomes the latest overseas entrant.
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- January 18 2022
Ping An sees P&C GWP fall in 2021
The insurer generated US$42.5bn of non-life gross written premium last year.
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- January 13 2022
China Life appoints temporary chairman amid investigation
Non-exec director Yuan Changqing steps up after Wang Bin suspected of discipline breaches.
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- January 11 2022
China was second-largest insurance market again in 2021: CBIRC
The total claims payout was US$224bn in the first 11 months of the year, the regulator said.
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- January 10 2022
Jingwei Jia leaves Swiss Re Corporate Solutions
The Greater China chief executive left the firm last week on January 6.
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- January 10 2022
China Life’s chairman under investigation
Wang Bin is suspected of serious violations of discipline and law, according to a Chinese anti-corruption body.
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- January 10 2022
HK can help China with rising reinsurance needs: CBIRC vice chairman
Xiao Yuanqi was speaking on the first day of the 15th Asian Financial Forum.
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- January 4 2022
CBIRC’s latest C-Ross rules could further squeeze market
Implementation of phase 2 starts in Q1 2022 and could hamper credit and surety premium growth.
