China

AIA China receives regulatory approval for Anhui and Shandong branches

October 28 2024

If final approvals are received, the Anhui branches would mark AIA’s sixth and seventh expansion in Mainland China since 2019.

rare-earth-insurance-launches-independent-wholesale-broker-in-shanghai

Rare Earth launches independent wholesale broker in Shanghai

October 24 2024

Intermediary, led by Wang Wei and Mark Gu, becomes the first independent wholesale insurance broker to operate in mainland China.

China's insurers face pricing challenges as EV insurance demand soars: Moody's

October 24 2024

EV technology offers potential profits for insurers but also brings with it a raft of pricing risks.

MGAs ‘gaining ground’ in China as nascent Asian market emerges

October 23 2024

China’s MGA sector is seeing growth in several cities, while Indian regulators are investigating whether to approve their operation.

China’s regulator proposes new ratings system for P&C insurers

October 22 2024

NFRA puts forward a new comprehensive rating system with 104 indicators across nine categories.

China approves BNP, Prudential Financial insurance units - report

October 21 2024

NFRA is looking to further open up the world's second-largest insurance market to foreign companies

yingda-taihes-combined-ratio-rises-slightly-to-91-in-2023

YDPIC's combined ratio rises to 91% in 2023

October 18 2024

Nat cats increase COR by 5pp, but solid capital buffer expected to support premium growth as Fitch affirms 'A' rating with a stable outlook.

AXA rebrands China reinsurance business under brand banner

October 17 2024

The rebranding follows AXA's acquisition of XL Re earlier in 2024.

asset-risk-higher-for-asia-pac-pampc-insurers-than-us-carriers

Asset risk higher for Asia Pac P&C insurers than US carriers

October 16 2024

P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.

gallagher-re-announces-new-leadership-appointments-in-asia

Gallagher Re announces key life and health appointments for Asia

October 15 2024

Global reinsurance broker has hired Sanjeeb Kumar as Chairman of L&H, India and Addise Li joins as Head of L&H Reinsurance for China and Hong Kong.

nfra-sets-course-to-make-shanghai-a-leading-global-shipping-insurance-hub

NFRA publishes new guidelines in bid to make Shanghai a leading global shipping insurance hub

October 14 2024

Regulator issues set of guiding opinions, highlighting importance of synergy between primary carriers and reinsurers.

china-taiping-sees-strong-life-new-business-growth-in-1h-2024-sampp

China Taiping sees strong life new business growth in 1H 2024: S&P

October 12 2024

Group’s life insurance subsidiary saw an 83.6% year-on-year growth in new business value, driven by product reforms and channel diversification.

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25 September