Insurance Authority targets family offices and private bankers as it ramps up efforts to close Asia’s protection gap and deepen the city’s capital market role.
Ratings for nine insurers—including China Life and PICC P&C—affirmed, but negative outlook reflects pressures from market volatility and potential weakening of state support.
Association is calling for urgent resilience investments and structural reforms to prevent home insurance markets collapsing under the weight of climate-driven losses.
