Country: China Page 67 / 84
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- October 31 2016
Ping An Insurance’s 3Q profit up 15%
The company recorded a 15% increase in its net profit for the third quarter on the back of strong insurance sales.
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- October 28 2016
China’s greying population
A demographic time bomb is forcing the country to address the rising cost of elderly care.
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- October 28 2016
IAG expansion to China too risky and too expensive
The company said it listened to shareholders, but had ultimately taken its own decision to pull out of China.
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- October 25 2016
China Oceanwide to acquire US insurer Genworth
The US$2.7 billion cash deal will help Genworth manage its debt and boost its insurance operations.
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- October 21 2016
Online platforms drive growth in China
This year has seen some 330 million customers buy insurance through the internet.
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- October 20 2016
China Life warns of 60% profit dip
The decline is largely a result of weak investment income, the company said in a filing to the stock exchange.
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- October 19 2016
KBZ to launch insurance arm on Yangon stock exchange
The company’s market capitalisation could be up to US$750m if it goes ahead with an IPO in 2017.
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- October 19 2016
China’s life insurers warned about low interest rates
Low rates are affecting the industry's pricing and business models, investment channels and risk management.
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- October 18 2016
Intermediaries to broaden insurance market share in China
Growth will be driven by smaller life insurers willing to sell wealth management products online.
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- October 17 2016
AIA Group posts 25% quarterly growth of new business
The insurer has benefited from a rush of mainland Chinese visitors buying insurance in Hong Kong.
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- October 17 2016
China P&C growth seen to moderate
China's property and casualty insurance sector is set to experience only modest premium growth, according to Moody's.
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- October 14 2016
China flood losses huge but uninsured
Only 1.5% of US$38bn economic losses were covered by insurance, according to Aon Benfield.
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- October 12 2016
China fast-tracks health insurance reforms
Chinese authorities called on all provinces to start and release their respective plans by the end of the year.
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- October 7 2016
Zhong An hires three banks for Hong Kong IPO
The Chinese internet insurer has hired Credit Suisse, JP Morgan and UBS to help it go public in Hong Kong.
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- October 6 2016
Qianhai Authority will pay close to US$1b for ACR Capital
State-owned buyers see the deal as a way to develop Shenzhen Qianhai into a reinsurance hub.
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- October 4 2016
China vows to improve health insurance system
The government aims to head off a public health crisis caused by its ageing population.
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- October 3 2016
Typhoon Meranti losses could hit US$650m in China
Intense rains and damaging winds caused widespread power outages, flooding and disrupted water supplies.
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- September 30 2016
Transparency issues hinder Chinese expansion abroad
In the hunt for potential deals in the US, it is easier for Japanese insurers than their Chinese counterparts.
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- September 29 2016
At least 200 firms seek insurance licence in China
Investors ranging from garment makers to liquor firms have expressed their intention to enter the industry.
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- September 23 2016
Chinese life firms see dip in solvency ratios
China’s new risk-based capital rules have led to a declining solvency trend, according to Moody’s.
