Country: China Page 59 / 84
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- October 4 2017
Assets of China’s foreign-funded insurers growing
Insurance companies funded by foreign capital registered total assets of over Rmb1tn, says CIRC.
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- September 29 2017
DBS and Chubb ink 15-year regional distribution deal
The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.
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- September 29 2017
ZhongAn debuts in Hong Kong
Shares in China’s first online insurer got off to a flying start, but the company faces challenges.
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- September 27 2017
CIRC to focus on regulation, not enterprise work
The regulator says it will clean up its image and treat all market entrants and insurance companies fairly.
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- September 27 2017
Ping An’s technology unit to focus on external customers
The strategy is part of parent company Ping An Insurance’s efforts to remodel itself into a tech-driven financial conglomerate.
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- September 26 2017
China’s former insurance regulator faces charges
Xiang Junbo is set to be charged after the corruption case against him has been handed over to prosecutors.
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- September 22 2017
Debt-to-equity swaps open to Chinese insurers
Insurance funds may soon be granted permission to join in debt-to-equity swaps of distressed firms.
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- September 20 2017
China to heighten insurance scrutiny
Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.
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- September 19 2017
Chinese life firms urged to diversify products
A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.
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- September 15 2017
Ant Financial’s agri insurance JV gets green light
China’s insurance regulator has given the go-signal for a joint venture with China United Insurance to begin operations.
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- September 8 2017
Allianz rebuffs Chinese takeover
It emerged this week that Anbang and HNA both attempted a takeover of the German insurer earlier this year.
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- September 8 2017
Listed Chinese insurers to benefit from risk crackdown
Efforts to contain the sale of risky short-term life insurance policies won't seriously affect the country's major insurers.
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- September 7 2017
Foreign insurers get access to wider market in China
CIRC says the government will open the local health, disaster and pension insurance markets.
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- September 6 2017
Huabang Financial to acquire Israel’s Clal Insurance
The controlling stake in the Israeli insurance and financial firm is valued at approximately US$1.36b.
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- September 5 2017
Anbang returns to more traditional business model
The company is preparing a new array of services and products to launch after its current ban expires.
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- September 4 2017
Chinese premium income growth slows
Total premium income grew at 21.3% through July, compared to more than 35% in the same period last year.
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- September 1 2017
Chinese ministries cooperate to discipline insurers
Insurers found violating rules will be restricted from establishing banking, securities and insurance subsidiaries.
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- August 29 2017
PICC eyes South-East Asia acquisitions
China's biggest non-life insurer may see a couple of deals happening before the end of this year, according to a company executive.
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- August 28 2017
Investment income lifts China Life profits
Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.
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- August 28 2017
China Life, Baidu to raise US$1bn for tech investments
The two companies will partner in a private equity fund targeting middle to later stage companies.
