China

SCOR targets significant China growth - report

May 7 2024

Thierry Leger, CEO, predicts reinsurer's China premiums will double or triple over the next 10-20 years.

byds-insurance-arm-receives-green-light-to-offer-statutory-auto-liability-insurance

BYD Property Insurance receives green light to offer statutory auto liability insurance in China

May 7 2024

Latest development comes following EV manufacturer's acquisition of insolvent Yi'an Property Insurance in May 2023.

NFRA calls for swift insurance response to Guangdong highway collapse

May 3 2024

Another disaster hit rain-stricken Guangdong on Wednesday, with insurers fast-tracking 10.62m yuan (US$1.47m) in claim payments so far.

Guangdong flood insurance claims near US$100m

May 1 2024

Floods result in 34,700 claims worth 699m yuan (US$96.5m) so far, with 206m yuan disbursed in response to calls for swift claims handling.

chinese-life-insurers-revised-economic-assumptions-support-policyholder-expectations-but-lowers-nbv

Chinese life insurers' new economic assumptions strengthen long-term risk management, despite lower NBV: Fitch

April 30 2024

Recalibration to align with low interest rate environment will help align policyholders expectation and boost investor confidence.

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.

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