Country: China Page 64 / 84
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- February 27 2017
Chinese insurance group official faces probe
The vice-chairman and president of PICC is reported to be facing investigation over alleged serious disciplinary violations.
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- February 24 2017
Chinese regulator continues to warn of risky practices
CIRC has again reiterated its stance against use of insurance capital for market speculations.
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- February 23 2017
China welcomes first shipping captive insurance firm
Cosco Shipping Captive Insurance has officially opened at the Shanghai Free Trade Zone.
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- February 23 2017
CIRC participating in new asset management rules
The insurance regulator has reportedly teamed up with the central bank and the country’s securities and banking regulators.
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- February 15 2017
Chinese premiums up in 2016 but set for slowdown
CIRC expects growth to slow down this year due to stricter regulations for financial deleveraging.
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- February 14 2017
China’s JD.com mulls online insurance business
One of China’s e-commerce giants is set to launch an internet insurance service.
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- February 10 2017
China losing its lustre
Reinsurers are voting with their feet in response to disappointing returns and domestic competition.
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- February 10 2017
Chinese insurers warned on overseas acquisitions
Some companies behave like “a little boy rushing into a candy store”, says CIRC official.
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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.
