China's rapidly ageing population could create opportunities life insurers, despite associated risks and increased competition, says a new Moody's report.
Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
Beijing experienced its worst rainfall for 140 years and S&P Global Ratings warned P&C insurers to anticipate increased demand amidst an underwriting hit.
SiriusPoint Life Reinsurance has partnered with China Pacific Health Insurance, Further Group, and WaterDrop to launch the affordable medical insurance product.
Fitch predicted combined ratio to increase throughout the year, but downgraded the insurer's outlook due to uncertainty around capital infusion, the potential impact of high premium growth. and rising...
