AM Best's latest global reinsurance rankings saw China Re slip two places when measured by life and non-life GWP, while the Asia region's combined ratio continues to hover above 100%.
Chinese insurers have spent over US$10bn building retirement communities, but new draft rules could see some excluded from the insurance-plus-service sector.
There is a 70% chance El Niño develops in 2023; its cooler average sea temperatures are expected to fuel severe weather, including droughts and wildfires.
The Insurance Regulatory and Development Authority of India has chosen 15 foreign-linked firms to lead the way in India's adoption of IFRS 17, as part of efforts to attract foreign investment.