Country: China Page 55 / 86
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- April 30 2018
China Life’s net profit more than doubles
The improvement was due to updated discount rate assumption of reserves for traditional insurance contracts.
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- April 27 2018
Asia powers growth in global insurance markets – Allianz
China set to become world’s largest insurance market – with premiums growing ~13% in coming years
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- April 27 2018
Taikang invests in Chinese biologics startup
The Chinese insurer has taken part in a US$150 million funding round for Innovent Biologics.
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- April 25 2018
China’s business insurance to boost sharing economy
More than 80% of consumers would be more comfortable using sharing-economy services if insurance were offered.
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- April 24 2018
Chinese regulator steps up fight against financial risk
All potential violations are being aggressively targeted, according to the new banking and insurance regulator.
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- April 20 2018
Fosun and Gonbao reopen bids for Greece’s national insurer
The deal to buy a major stake in Ethniki Hellenic General Insurance is reportedly valued at US$900m.
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- April 19 2018
APAC bancassurers tap blockchain to improve offerings
Banks in the region continue to leverage the technology to improve and expand their insurance offerings.
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- April 18 2018
JD.com to buy one-third of Allianz China General Insurance
The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.
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- April 16 2018
Anbang seeks advice on potential divestments
The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.
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- April 13 2018
China promises market opening
Officials have promised a range of measures, including further liberalisation of its insurance sector.
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- April 13 2018
China to relax foreign ownership in life sector from June
Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.
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- April 12 2018
Prudential to increase investment in China
The company is aiming to boost its product coverage and sales distribution in the country.
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- April 11 2018
PICC eyes Shanghai listing
The parent of China’s biggest non-life insurer is planning a secondary listing to raise over Rmb10bn in fresh capital.
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- April 11 2018
China to speed up insurance industry opening
President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.
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- April 6 2018
Anbang’s rehab
The Chinese government has injected US$9.65bn into the troubled company, while its former chairman admits charges.
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- April 6 2018
US broker Alliant targets Asia expansion
The move is a consequence of its acquisition of Dumortier Risk Management, which has ties to Taiwan and China.
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- April 5 2018
China injects US$9.7bn into Anbang
The capital injection is aimed at ensuring the solvency and stability of the group.
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- April 5 2018
China’s premium income falls 18.5%
The year-on-year decline happened in the January-February period.
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- April 5 2018
China’s new regulator appoints seven vice-chairmen
The Chinese government has added staff to the newly merged banking and insurance watchdog.
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- April 1 2018
Former Anbang chairman no longer contests charges
Wu Xiaohui appeared to change his stance and requested leniency in his closing statement.
