Country: China Page 75 / 89
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- June 13 2016
Claims from global disasters in May hit US$7bn
Five separate instances of flooding in China contributed economic losses of more than US$1.5bn.
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- June 9 2016
Baidu sets up new online car insurance firm
The Chinese insurer is venturing into the business through a partnership with China Pacific Property & Casualty.
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- June 8 2016
Shanghai to accelerate insurance sector development
Modernisation and internationalisation aimed at becoming an international insurance centre in the next five years.
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- June 6 2016
Thaihot wins race for Dah Sing’s insurance unit
The Chinese group has reportedly agreed to pay US$1.4bn in what could be Hong Kong's most expensive insurance deal ever.
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- June 3 2016
Reinsurance under C-ROSS
Dozens of reinsurers moved onshore in response to China's introduction of its new solvency regime.
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- June 3 2016
China approves tax-deductible health schemes
Taxpayers in 31 major cities will be able to deduct taxable income paid into qualifying policies.
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- June 3 2016
China to inspect insurance investments
CIRC has informed insurers and related asset managers that it plans to inspect investments in onshore and offshore markets.
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- June 2 2016
China’s draft insurance rules worry foreign trade groups
A new cyber security law may require international insurers to buy substandard or insecure technology from China.
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- May 27 2016
Blockchain technology coming to China?
Ping An has become the first Chinese insurer to join a global consortium exploring ways to use the technology in financial markets.
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- May 26 2016
Ping An joins blockchain consortium
The Chinese insurer has joined a global consortium working on ways that blockchain technology can be used in financial markets.
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- May 25 2016
China Mobile to invest US$306m in insurance market
China's largest wireless carrier plans to buy a 20% stake in two insurers from China Merchants Group.
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- May 23 2016
Solvency ratios of 11 Chinese insurers near regulatory limit
At least 10 life insurance firms and one property insurance firm have solvency ratios that are nearing the regulatory red line.
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- May 23 2016
Chinese operations boost Ageas’s Q1 profit
Ageas has posted a better-than-expected net profit for the first quarter of the year, thanks to new business premiums in China.
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- May 20 2016
Shanghai insurance exchange to launch next month
Ninety-one Chinese companies have agreed to pool their resources to come up with the capital needed for the exchange.
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- May 18 2016
China rolls out catastrophe home insurance plan
At least 45 insurers have joined the programme, which will issue special insurance products providing post-earthquake compensation.
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- May 17 2016
China Life to be a cornerstone in BOC Aviation IPO
China Life has committed to invest US$50 million in the public offering of the biggest aircraft lessor in Asia.
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- May 17 2016
China looks to UK for advice on financial super regulator
Chinese regulators head to London to discuss plans to merge its banking, securities and insurance regulators into one entity.
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- May 13 2016
Perfect storm for Chinese life companies
The weak domestic economy, new solvency rules and increased scrutiny from the regulator are squeezing profits.
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- May 11 2016
CIRC reportedly checking on Anbang’s investments
The regulator is reportedly sending inspectors to scrutinise investments in real estate and unlisted equities.
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- May 6 2016
Anbang’s aggression pays off with triple-digit income rise
Investment income for the Chinese insurer's life business grew by 110.9% last year, according to its latest results.
