China
Investment risk to concern China BOCOM Insurance – AM Best
The insurer’s operating performance is deemed adequate.
Investment risk to concern China BOCOM Insurance – AM Best
The insurer’s operating performance is deemed adequate.
China’s regulator calls insurers to make haste for recent flood-affected areas
Chinese insurers have received a total of 117,600 claims.
China Life Insurance (Overseas) to stay afloat in the next two years: S&P Global
Its growth-related capital needs and substantial holdings of high-risk assets may surpass earnings.
Aon Greater China appoints new CEO
He has been with Aon for over seven years.
ZhonAn Insurance’s Yaping Ou steps down as chairman
The board has elected Hai Yin as the new chairman.
Ping An reveals impact of transition to IFRS 17
Ping An will continue to disclose several important financial metrics regarding the impact.
New guidelines set out for Chinese cybersecurity insurance
Insurance companies will be incentivized to offer diverse cybersecurity insurance services.
China Life Insurance, bankers in the talks of $2b bond
It plans to issue a 10-year tier-2 bond.
World Bank taps Ping An Insurance executive for investment lab
The lab is aimed at mobilising capital effectively to address climate change and poverty.
Ping An granted top 1% in ESG amongst Chinese firms: S&P
S&P Global debuts its China edition of the Global Sustainability Yearbook.
Fanhua appoints new co-chairman and CSO
Ben Lin has been appointed due to his extensive knowledge of the global insurance industry.
China Life plans to boost services for mainland clients: report
Mainland customers drove new business premiums growth year-to-date.
Tech is key for ESG reporting: Ping An Insurance chief
The company also announced its dedication to expanding green finance and striving for carbon neutrality in its operations by 2030.
ZhongAn Insurance publishes white paper on generative AI application
It recorded notable advancements in adopting AI into the Chinese insurance industry.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
China Non-Life Insurance stable in Q1: Fitch Ratings
Aggregate comprehensive solvency ratio of the Chinese non-life insurance sector remained high at 238%.
Ping An paid out over 200 million cases in 2022
P&C claims had the most paid coverage with RMB194b.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential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.
