China

Agri key to anticipated 12.1% CAGR growth for China's property insurance segment

February 9 2024

GlobalData forecasts gross written premiums to grow to CNY428.3bn (US$67.7bn) in 2028.

AM Best affirms and then withdraws ratings for Shanghai Electric's captive insurer

February 8 2024

AM Best affirms and subsequently withdraws Shanghai Electric Insurance's 'Good' ratings upon company's request.

chinese-ships-secure-lower-insurance-rates-in-red-sea-amid-houthi-attacks-report

Chinese vessels gain access to reduced Red Sea rates amid Houthi strikes - report

February 8 2024

Chinese ships are benefiting from lower rates amid targeted Houthi attacks on Western vessels.

Fitch maintains 'A' Rating for China Taiping Group

February 6 2024

Taiping Life sees 9.4% growth, but TPRe faces underwriting loss in 2023 following severe nat cat events.

vc-technology-and-adaption-key-to-continued-insurance-expansion-in-gba-experts-say

VC, technology, and adaption key to continued expansion in GBA, experts say

February 2 2024

At the InsureTech Connect Asia Roadshow in Hong Kong, industry leaders discussed the potential and challenges of further tapping into the Greater Bay Area's insurance market.

Sunshine Insurance Group maintains credit ratings amid strong Life and P&C performance

February 2 2024

Chinese insurer's 1H 2023 sees 37% NBV increase and 97% COR, but Fitch warns of significant holdings of high-risk assets.

total-premium-income-for-chinese-market-reaches-5-trillion-yuan-in-2023-nafr

Total premium income for Chinese market reaches 5 trillion yuan in 2023: NFRA

January 31 2024

Data from China's regulator shows P&C premiums grew 6.73% YoY, led by 17.31% rise in Agri; Life & Health grows 10.25%, including 12.75% increase in Life segment.