China
Ping An denies news of takeover move: Report
The insurer denied taking a controlling stake in the troubled Country Garden.
Ping An denies news of takeover move: Report
The insurer denied taking a controlling stake in the troubled Country Garden.
Ping An’s 9M23 profits register $12b
Retail customers reached almost 230 million, with a contract ratio of 2.99.
China’s commercial endowment insurance services to expand to meet increasing demand
The programme will become a regular business operation.
China’s insurance sector sees steady Q3 growth in assets
It rose 10.8% to an estimated $4.12t.
Ping An Insurance unveils first mangrove conservation trust
It received an initial donation of RMB10m.
China could face $4.6t in economic losses if extreme weather conditions persist in five years
Asia Pacific follows closely at $4.5t.
Ping An makes management shifts, names Xiaotao as co-CEO
The former co-CEO has resigned due to personal reasons.
New business value in China’s insurance sector show strong growth in 1H23: UOB
It expects NBV growth in domestic and regional life insurance to diverge in the second half of 2023.
Chinese regulator takes over insurance company: Report
There is no reason indicated yet for the transfer.
China's insurance sector shows fit solvency ratio
The solvency ratio was 188% as of the second quarter.
Ping An Life, P&C segments saw rise in 1H 2023 performance
The group’s operating profit reached RMB82.0b.
Sunshine Insurance shows bright preliminary H1 2023 performance
It saw its gross written premiums climb 7.7% to RMB67.81b in the first semester.
China’s insurers hold steady assets in Q2
Year-to-date, assets grew 7.6%.
China’s insurers to take a hit from elevated risk in trust sector: Fitch Ratings
Risk could affect more financial entities if China's economic recovery slows down and the property sector's distress persists.
Aon announces new head of Greater China
Lu will oversee the integration of Aon's Risk Capital and Human Capital capabilities.
S&P Global: Strong rains could drag China’s P&C underwriting performance
Beijing’s recent heaviest rainfall in 140 years serves as a stark reminder to P&C insurers in China.
China receives 260,600 flood-related claims
Rains in 16 regions of China have led to widespread flooding and geological disasters.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
