Reih Angeles is Deputy News Editor at (Re)in Asia, steering the desk's breaking coverage of Asia Pacific insurance and reinsurance. Areas of specialty include insurer and life results, reinsurance and catastrophe losses, cyber, and regulatory change across India, Korea, China and Hong Kong.
The bank and the insurer said the offering would focus on wealth and legacy-planning cover for customers, including high-net-worth individuals and visitors.
Asia is expected to drive 54% of the global rise in business insolvencies in 2026–2027, with the company forecasting APAC cases up 7% this year and 3% next year.
China Life’s operating profit jumped 55% to 186.12bn yuan (US$27.31bn) in 2025, while New China Life and Ping An posted gains of 29% and 11%, respectively.
The agency said the changes are unlikely to be meaningful enough in most cases to negatively affect insurers’ credit profiles, even if firms adjust investment, hedging and product design.
