China

Gallagher Re puts 2023 global industry nat cat losses at US$123bn

January 18 2024

Gallagher Re pegs losses above industry estimates from Swiss Re and Munich Re.

cyber-a-key-concern-but-top-business-risk-varied-across-apac-allianz-report

Allianz identifies cyber as key concern, but top business risks diverge across APAC

January 17 2024

Allianz Risk Barometer sees cyber as top risk in three of nine APAC countries, but BI and Nat Cat rank high, with China focused on regulatory changes.

china-to-boost-financial-and-insurance-backing-for-tech-firms

China looking to boost insurance backing for tech firms

January 16 2024

Insurers in China urged by NFRA to support technology startups with specialised coverage and investments.

China’s US$140bn infrastructure spending plan a boost for P&C insurers says Swiss Re

January 12 2024

Infrastructure investments totaling CNY 800bn (US$140bn) are anticipated to strengthen China's P&C sector amidst a stabilising property market, says the reinsurer.

Generali to acquire full ownership of Chinese JV for US$108m

January 11 2024

Generali set to acquire 51% stake in Generali China Insurance from JV partner CNPC Capital, subject to regulatory approval.

chinas-nafr-orders-insurers-to-fortify-cyber-defenses-after-icbc-ransomware-attack-report

China’s NFRA orders insurers to fortify cyber defences after ICBC ransomware attack - report

January 10 2024

China's financial institutions have been directed to conduct comprehensive security overhauls to prevent future breaches.

munich-re-flags-asias-insurance-gap-as-doksuri-ranks-second-in-2023-nat-cat-losses

Doksuri second costliest nat cat in 2023 as Munich Re stresses importance of closing Asia's protection gap

January 9 2024

"Storms like Doksuri are likely to become more frequent" says Munich Re's Achim Kassow as reinsurer publishes 2023 NatCat report.

2023: The year in review

December 31 2023

Rates, climate risks, and technology highlight a transformative year as Asian markets, notably China and India, draw global attention for (re)insurance growth.

China’s industry ministry announces cybersecurity insurance pilot

December 22 2023

China launches pilot scheme to enhance corporate cybersecurity risk responses and standardise insurance standards.

globaldata-chinas-gi-industry-on-track-for-us361bn-of-gwp-by-2028

Motor will continue to drive China's GI industry to US$361bn GWP in 2028

December 21 2023

GlobalData predicts 7.4% CAGR over five years for China's general insurance market, driven by economic recovery and regulatory reforms.

loss-in-chinas-gansu-earthquake-estimated-at-1-7m-nafr

China’s Gansu earthquake losses estimated at $1.7m so far: NFRA

December 20 2023

131 dead, 155 thousand homes damaged or destroyed in China's deadliest earthquake in nine years.

IAIC releases China's first ESG disclosure guidelines for insurers

December 20 2023

Insurance Association of China introduces guidelines to improve transparency in line with country's broader ESG goals.

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