China

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.

China encourages foreign maritime insurers to enter domestic market

December 15 2023

China sets its sights on enhancing its marine insurance sector by 2035, aiming to rival established centres like London and Singapore, while bolstering shipping finance and legal services.

China Aircraft Leasing receives US$24m insurance settlement for stranded Russian aircraft

December 14 2023

Settlement from Russian state-owned insurer NSK follows similar agreements with other aircraft leasing firms.

17-asian-carriers-in-sps-inaugural-top-50-global-life-insurers

17 Asian carriers in S&P's inaugural top 50 life insurer ranking

December 13 2023

Asia takes second to fifth positions and finishes second behind only Europe in regional rankings.

S&P releases inaugural global ranking of P&C (re)insurers

December 13 2023

China's PICC second, with 11 Asia Pac insurers in the top 50.

Sovereign outlook downgrade triggers negative outlook for nine Chinese insurers

December 8 2023

Following issue of negative outlook for China's government credit ratings, Moody's downgrades outlook for nine Chinese insurers, inclusive of two captives, plus one overseas subsidiary.

Mapfre Re pushes into China casualty and life to diversify nat cat risk

December 7 2023

Regional Chief Exec Javier Sánchez Cea hopes to get onshore branch licence within “months”.

zhongan-online-pc-insurance-announces-management-changes

ZhongAn Online P&C Insurance announces series of management changes

December 6 2023

ZhongAn P&C confirms Hai Yin as Chairman, Gang Ji resigns, with shuffle in key committee roles.

chinas-non-life-market-sees-premium-growth-offset-by-net-profit-decline

China's non-life market seeing premium growth, offset by net profit decline

November 29 2023

Growth in health, agriculture, and resurgence in motor underpin AM Best's 'stable' outlook for China's non-life sector, but market faces drop in underwriting profit and slowing economy.

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