China
China absorbs $13b loss in natural disasters in H1 2024
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.
Southern China floods trigger 18,400 insurance claims
Estimated losses amounted to $86.66m.
Insurers hold 9% to 12% in commercial real estate investments globally
China, whilst strong in absolute terms, is weak relatively.
Taikang Life to maintain strong market position, profitability
As of end-March, its comprehensive and core solvency ratios improved to 276% and 165%.
Chinese insurers retrieve 18,400 claims for rain damages
Total claimed loss amounted to ~$86.9m.
China's insurance assets surge to $32t
The industry represents only 7% of China's total financial assets.
Japan’s interest rate rise offers lessons for China’s insurers
To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.
Ping An Tops China's insurance firms in Forbes list
Globally, it placed 6th amongst Chinese companies.
China's insurance premiums increase by 5.1% YoY
Year-to-date, the industry’s assets climbed 10.4%.
China’s pension system reels 60 million new individuals
Presently, 762 products are offered in the new pension system.
Tk.cn Insurance to sustain growth with Taikang backing
The insurer reported three consecutive years of positive net operating profits.
ZhongAn’s investment income reliance puts earnings on shaky ground
Its net profit is “volatile” with net profit in 2023 and net loss in 2022.
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