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...
Fitch acknowledge the Qingdao-based insurer's strong risk-based capitalisation, but highlighted its short profit record and need for better reinsurance arrangements.
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