Country: China Page 46 / 81
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- August 31 2018
SoftBank and ZhongAn team up
The two companies have launched a technology joint venture that will see them both invest US$100m.
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- August 27 2018
AIA posts 17% hike in new business
A rise in new business was a result of selling more high-margin insurance products, especially in China and Hong Kong.
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- August 27 2018
China Life profit up 34%
The positive result was driven by robust growth in its life and health insurance markets.
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- August 23 2018
Ping An profit up 34%
China’s second-largest insurer benefited from a spike in sales and improved efficiency from new technologies.
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- August 23 2018
HSBC to open insurance office in Shenzhen
The global banking giant seeks to expand its presence in China’s Greater Bay Area economic region.
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- August 21 2018
China’s dip in premium income narrows
Life insurers, which constitute about 70% of total premium income, led the decline during the first half.
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- August 15 2018
Moody’s sees China P&C industry remaining stable
The agency took into account regulatory measures being undertaken to protect the industry.
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- August 15 2018
Chinese insurers post adequate solvency ratio
The average solvency level was 241% for life insurers and 394% for P&C companies.
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- August 10 2018
Ping An targets US$50bn+ Pru acquisition
Rumours about the potential acquisition came as a surprise to many, including the Pru.
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- August 10 2018
Ping An eyeing Pru’s Asia business
The Chinese insurer has reportedly already sought its government’s initial approval on the matter.
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- August 9 2018
China resumes inquiry into insurance officials
Close to 40 regulatory personnel have been under investigation since mid-July.
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- August 3 2018
China’s solar challenge
Solar power poses a particularly tricky problem due to panel warranties that typically provide a 25-year guarantee.
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- August 3 2018
Stable outlook for China’s P&C insurers amid crackdown
The outlook is underpinned by regulatory measures that protect the industry from intensified motor insurance competition.
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- August 2 2018
China’s motor premium deregulation squeezes insurer margins
Fitch forecasts weaker underwriting margins due to deterioration in the claim ratio from the motor segment.
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- August 1 2018
Export credit insurance up in Belt and Road countries
Coverage by Sinosure grew 12.8% to reach US$290.36bn during the first half of the year.
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- August 1 2018
China gives preferential treatment to HK reinsurers
Qualified reinsurers in the city will benefit from a lower credit risk charge under C-ROSS.
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- July 31 2018
China Life fined US$103K for disclosure issues
China's central bank found the company guilty of disclosure-related issues.
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- July 26 2018
Fosun eyeing purchase of Belgian insurer Ageas
An offer for all or part of Belgian insurer is being proposed by the Guo Guangchang-backed group.
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- July 20 2018
Sharing risk
Providing protection within the sharing economy is a thorny puzzle for insurers, but also a great opportunity — particularly in China.
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- July 20 2018
US tariffs could drive up cost of insurance
The US government’s trade war with China and the EU could drive up the cost of auto repairs.
