Fitch acknowledge the Qingdao-based insurer's strong risk-based capitalisation, but highlighted its short profit record and need for better reinsurance arrangements.
The Lab focuses on attracting capital to mitigate climate change risks and addressing poverty and is supported by prominent CEOs and Chairs from renowned institutions.
In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
Evergrande Group is reportedly in talks to sell a stake in its insurance arm to a Chinese state-backed firm, as the Shenzhen-based real estate conglomerate seeks to alleviate financial pressures and restructure...
The insurer is 80% owned by Chinese sovereign fund Central Huijin Investment and has been established to established with the intent of assume the policies, assets, and branches of Tianan Life Co.
The life market is set to benefit from the country's low penetration, but P&C insurers face challenges such as competitive pricing and rising reinsurance costs.
