Country: China Page 53 / 86
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- July 11 2018
China changes rules on director appointments
Under the changes, major shareholders of an insurance firm can no longer nominate independent directors.
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- July 10 2018
Premium income in China drops 5.9%
The decline came as authorities were seeking to improve regulation of the sector to reduce financial risk.
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- July 6 2018
China remains the major source of emerging market growth
China now accounts for more than half of emerging market life insurance premiums written, or 11% worldwide.
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- July 4 2018
China Re and Zhong An invest in blockchain
China Re and Zhong An have already completed a proof of concept to test areas including contracts, documents and claims.
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- July 3 2018
CBIRC publishes foreign-ownership rules
The rules allow foreign insurers and loss adjusters to operate on a level footing with domestic companies.
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- June 29 2018
Hong Kong seeks ‘Insurance Connect’ with China
Hong Kong insurance regulators said this week that they are working on the plan with their mainland counterparts.
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- June 28 2018
Hong Kong, China consider insurance link
A special channel for the marketing, sale and processing of insurance products is being considered.
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- June 28 2018
Sun Life seeks to increase stake in Chinese JV
The move to establish a majority position is part of an effort to double profits in Asia during the next five years.
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- June 20 2018
British insurers target Belt-and-Road role
London has historically embraced insuring new risks and sees the Chinese infrastructure plan as a golden opportunity.
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- June 18 2018
Ex-CIRC head Xiang Junbo pleads guilty to bribery
The former chairman of China’s insurance regulatory body expressed remorse in his closing statement.
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- June 14 2018
China orders life insurers to tighten reporting standards
New regulatory rules require better asset-liability management and reporting of cash flows.
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- June 13 2018
China says insurance sector’s risks generally controllable
The CBIRC says risks facing the insurance sector are complicated but solvency ratios remain stable.
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- June 6 2018
Moody’s upgrades outlook for China’s life insurance industry
The agency highlights a shift to a more sustainable product mix and a slowdown in investments in risky assets.
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- June 4 2018
China’s premium income drops almost 8%
From January to April, the country's insurance firms posted total premium income of Rmb1.67tn (US$258.64bn).
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- June 1 2018
Majority foreign ownership in Chinese insurance ventures likely
The change for life insurance JVs is proposed in the latest draft regulatory amendments under consideration.
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- May 31 2018
Ex-Anbang Insurance chairman appeals conviction
Wu Xiaohui has reportedly appealed his conviction of embezzling about US$12 billion in funds.
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- May 30 2018
China imposes US$9.8m fines on insurers
Violations that incurred penalties included irregularities such as misleading sales pitches and fake materials.
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- May 30 2018
Anbang begins search for strategic shareholder
The troubled insurer is seeking private investors as part of its transition from Chinese state control.
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- May 28 2018
Lisa Sun to lead AIG’s business in China
She joins the insurance group from Mercer, where she was CEO of its Hong Kong and South and East Asia zone.
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- May 25 2018
Mitsui Sumitomo returns to China life market
The MS&AD subsidiary has agreed to pay Rmb4.325b (US$668m) for a 37.5% stake in BoCommLife Insurance.
