Country: China Page 22 / 86
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- July 14 2022
Liability and health books are growth drivers of China’s non-life market: Fitch
Non-motor lines have increased by 10.7% in the first five months of 2022.
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- July 13 2022
China heightens oversight as insurance assets bulk up
With the top four players controlling over half the market, any company failure is a huge risk to the economy.
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- July 12 2022
China’s regulators issue draft rules on ‘systemically’ important insurance groups
The evaluation scope includes scale, correlation, asset realisation and substitutability.
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- July 5 2022
China explores parametric expansion after costly floods
Henan is the latest province to trial the cat innovation after payment was triggered in Guangdong last month.
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- July 1 2022
China’s Henan province launches pilot cat scheme
Local government wants to boost protection in six cities after dramatic floods last year.
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- June 24 2022
PICC teams up with NDRC on agriculture insurance: reports
Cooperation in product innovation, agricultural product cost investigation, designated counties development and data sharing will be carried out.
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- June 21 2022
Over US$28m insured loss caused by Guangdong severe storms: report
PICC and Ping An are facing millions of claims payments respectively.
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- June 20 2022
Axa XL appoints new China country head
HaoMing Zhou reports to Gilles Fromageot, Axa XL Asia regional manager and Yamin Zhu, Axa Tianping CEO.
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- June 14 2022
Aon’s reinsurance arm appoints Asia and China head of casualty
Yosuke Yasuda has joined the broker from Swiss Re and is based in Singapore.
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- June 13 2022
Insurtech Profile: Akur8
This French insurtech is now bringing its AI pricing solution to Asian clients.
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- June 10 2022
Are international reinsurers right to show China caution?
Covid, geopolitical issues and a competitive market are making some firms rethink strategy.
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- June 8 2022
China launches insurance scheme to boost vaccine take-up
The scheme pays out up to US$75,000 in the event of illness.
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- June 2 2022
Former president of PICC P&C under investigation
Zhiyong Lin is suspected of a serious violation of discipline and law.
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- June 1 2022
Axa’s China P&C unit adopts new AI pricing system
The firm will become the 13th Axa entity and the first Chinese insurer to use the technology.
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- May 31 2022
Allianz GI China JV insufficiently capitalised for growth: Fitch
The firm's solvency ratio has fallen from 320% to 200%.
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- May 26 2022
Senior PICC exec dismissed for misconduct and bribery: report
Shen Dong is expected to be charged with embezzlement and bribery.
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- May 26 2022
China marine profitability won’t bounce back on its own
With large state-backed companies aggressively growing market share, competition is fierce.
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- May 20 2022
Kenny Pang returns with CEO role at Asia-Pacific Property & Casualty Insurance
The executive left Tugu's Hong Kong operations in February.
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- May 20 2022
Beijing Nova Insurance signs deal with Towngas
The firm is an associate of Hong Kong broker Nova Insurance.
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- May 16 2022
China to set up multi-disaster nat cat system
A CBIRC-run protection scheme currently provides around US$94bn of protection.
