Country: China Page 59 / 78
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- February 9 2017
Chinese insurers invested in 651 projects in 2016
Investments mostly went specifically to transport, energy, real estate, health care and elderly care.
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- February 9 2017
New insurance platform to launch in China
The collaboration between Fosun and CXA will focus on employee healthcare and wellness.
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- January 30 2017
Zurich, Chinese bank tie up on bancassurance
Indonesian entity of Swiss giant partners with Bank of China to explore bancassurance services.
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- January 27 2017
China introduces new agri insurance subsidies
The new measures will better evaluate performance the subsidies, the Ministry of Finance said.
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- January 26 2017
China limits insurers’ stock investments to 20%
Chinese insurers will be restricted from buying listed firms or partnering with non-insurance parties.
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- January 24 2017
Slump in China’s life premiums expected this year
The regulator's crackdown and a decline in insurers' investment returns could cause a fall.
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- January 23 2017
Hanwha Life opens local HQ in Jiangsu province
The Korean company entered China in 2012, in partnership with Zhejiang International Trade Group.
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- January 20 2017
Allianz and StanChart sign 15-year bancassurance deal
The agreement gives access to the bank's retail clients in Hong Kong, Singapore, Malaysia, Indonesia and China.
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- January 19 2017
China to lower foreign investment restrictions
The State Council said it will cut restrictions on insurance, banking, securities and other sectors.
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- January 16 2017
Premium income up 29% in China
The country's insurers earned US$449.4bn from premiums in 2016, according to CIRC.
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- January 13 2017
China investigates PICC president Wang Yincheng
Wang was reportedly taken away by authorities from the insurer's Beijing headquarters last Monday.
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- January 11 2017
China releases medical reform plan
The government plan puts an emphasis on insurance reforms and improvements for the period 2016-2020.
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- January 9 2017
Lloyd’s plans China expansion
Chairman John Nelson outlines plan to further expand on the mainland as part of its Vision 2025 strategy.
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- January 5 2017
CIRC further tightens rules on insurance industry
The regulator now requires a compliance management system on the holding company of an insurance conglomerate.
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- January 4 2017
Chinese insurers face tighter profit margins this year
Analysts warn that low interest rates and increased regulation will further weaken investment returns.
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- January 4 2017
Aon Hewitt names Peter Zhang as new China CEO
He succeeds Klaus Liu, who will take on the role of chairman of the consulting business in Greater China.
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- December 23 2016
China tightening issuance of insurance licences
The move comes amid efforts to reduce risks resulting from aggressive business and investment practices.
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- December 21 2016
Chinese insurer Zhongan scraps HK IPO plan
Instead, the insurer, which has more than 400 million customers, is considering listing in mainland China.
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- December 20 2016
Hong Kong caps insurance purchases of Chinese residents
Authorities roll out a series of curbs to control insurance-related outflows.
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- December 19 2016
China warns insurers on failed self-inspections
CIRC has warned 10 companies that failed to properly undertake self-inspections on their risk levels.
