China

AIA announces record new business in Q1 2024

April 29 2024

AIA Group reports 31% YoY rise in value of new business, reaching US$1.327bn — a record quarter for the group.

April Guangdong floods could see economic losses in the hundreds of millions of USD - Aon

April 29 2024

Damage assessment continues, but financial toll on property, motor, and agriculture expected to be significant.

Hong Kong and Shanghai pledge to strengthen insurance co-operation

April 27 2024

Representatives from both cities look to strengthen financial market ties, with Belt and Road risk management, captive insurance, and ILS identified as key areas within insurance.

china-sets-2030-goals-for-green-insurance-development

China sets new 2030 goals for green insurance development

April 26 2024

New guiding opinions outlines roadmap for the insurance industry to support China's environmental and carbon neutrality goals.

2024 global elections stir concern among Singaporean business leaders: Beazley

April 25 2024

2024 Geopolitical Risk Snapshot reveals 82% of Singaporean business leaders fear global elections will impact their ability to trade internationally.

Allianz Global Investors secures approval for fund unit in China

April 22 2024

AllianzGI secures approval to establish wholly foreign-owned fund management company, following initial regulatory nod in August 2023.

China's NFRA releases new draft measures aiming to tackle insurance fraud

April 13 2024

New measures aim to tackle rise in fraud cases, outlining insurer responsibilities and encouraging sector-wide collaboration.

axa-completes-acquisition-of-xl-re-china

AXA acquires XL Re China

April 4 2024

AXA Group strengthens its foothold in China by acquiring all shares of XL Re China.

Fitch affirms Zhongyuan Agricultural Insurance's ratings amid expense ratio improvement

April 3 2024

'A-' rating reflects profitable underwriting, strong backing from government ownership, and robust portfolio of treaty reinsurance.

fitch-holds-allianz-jingdongs-rating-steady-amid-growth-and-operational-challenges

Allianz Jingdong's ratings affirmed with Allianz SE expansion support expected from 2025

April 1 2024

Despite thin capital buffer and rising operational costs, Fitch underscores insurer's pivotal role in Allianz SE's China market expansion strategy.

China expands government-supported nat cat coverage

March 29 2024

China widens its nat cat coverage, expanding scope, to include disasters like typhoons and floods, while doubling coverage.

Fitch: Pressure on Chinese insurers' investment returns amid market volatility

March 26 2024

Despite market challenges, potential move towards riskier assets remains limited, thanks to stringent C-ROSS capital framework.

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