Fitch Ratings affirms 'A+' rating for PICC Life Insurance, attributing it to the company's growth, solvency, and strong ownership ties with China's Ministry of Finance.
Despite the increasing frequency of extreme weather events, insurance coverage for Nat Cats remains low at around 10% of economic losses, posing challenges for insurers and highlighting the need for proactive...
Bin was sentenced to death for taking bribes and concealing overseas deposits; a two-year reprieve commuted his sentence to life imprisonment without parole or sentence reduction.
Record-breaking rainfall caused by tropical storm Yun-yeung triggers catastrophic floods, casualties, and extensive damage in Japan's central and eastern regions.
Despite operating losses and a challenging investment landscape in 2022, Ping An Health Insurance remains robust with AM Best affirming its A- ratings due to strong balance sheet and shareholder suppo...
China's National Administration of Financial Regulation (NAFR) reduces risk weightings for insurance companies' holdings in a bid to stimulate the nation's underperforming stock market.
