China

Prudential names new regional CEO for China 

Angel Ng has more than two decades of experience in the financial services industry.

Prudential names new regional CEO for China 

Angel Ng has more than two decades of experience in the financial services industry.

SunCar Technology lengthens partnership with China Continent 

Higher service sales from the existing partnership drove this move.

Taishan P&C’s efforts to improve underwriting boost

Increased investment in asset management products has slightly reduced liquidity.

China Re to expand role in agri and catastrophe coverage

The group is also likely to continue its international expansion.

MSI China’s capital buffers stay healthy in 2024

The insurer's Japanese-related business will continue to drive its underwriting profit.

Sompo China secures strong solvency amid dividends

In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.

Fitch sees progress in China's insurance regulations

The industry has begun to embrace the IFRS 17 standards.

CHIC's solvency ratio falls below industry average in Q1 2024

CHIC is expected to slow premium growth in 2024.

Ping An’s convertible bond aims for 5% return on proceeds

Proceeds will be used to support initiatives in healthcare and eldercare.

China absorbs $13b loss in natural disasters in H1 2024

The government has allocated $570m for disaster management this year.

Ant Insurance’s partners see $1.93b in claims

On a year-on-year basis, this was up 30%.

Zhonglu Insurance holds strong solvency, faces growth risks

Whilst net earnings improved to $1.7m, sustainability is uncertain amidst non-motor expansion.

China Pacific Insurance subsidiary, AMINA integrate finance with crypto

It aims to integrate investment advisory and banking services.

China Life's capital model benefits from diversification

Thanks to its solid position and earnings, it will remain stable in the next 2 years.

MAPFRE RE gets China’s approval to operate in Bejing

MAPFRE RE will proceed with pre-opening steps in compliance with local regulations. 

Insurers hold 9% to 12% in commercial real estate investments globally

China, whilst strong in absolute terms, is weak relatively.