NAFR

NFRA grants approval to seven insurers for Shanghai reinsurance operation centers

August 15 2023

The seven will set up operations in the Lingang special area, marking a pivotal step in China's ambition to create a major global reinsurance hub.

China floods: insurance claims reach 260,000

August 15 2023

Damages from typhoon Doksuri and significant flooding are estimated to be around US$1.3bn, according to China's regulator.

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Regulator urges quick settlement of 189k insurance claims, after heavy rains cause $868m in damage in China

August 8 2023

Following heavy rain and typhoon damage, China's NFRA calls on insurers to fast-track settlements across the 16 disaster-effected regions.

Much work remains as China revives plans to make Shanghai a reinsurance hub

July 27 2023

Experts shed light on what China needs to do to achieve its reinsurance ambitions.

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China's new regulator releases guidelines for cybersecurity insurance

July 18 2023

The NFRA and MIIT have introduced the country's first comprehensive policy for cybersecurity insurance.

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China’s new insurance regulator sets path to complete two main tasks this year

June 30 2023

The National Financial Regulatory Administration aims to complete central level reforms and identify risks at financial institutions, with local level reforms to follow in 2024.

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Claims expected to exceed 14m yuan (US$1.95m) as Chinese regulator urges swift claims processing for Yinchuan gas explosion

June 23 2023

At least 13 insurers are working swiftly to settle claims for families and victims of the tragedy.

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China establishes board for Shanghai reinsurance trading hub, unveils new rules and says new trading system is on the way

June 9 2023

The newly established NFRA is working swiftly to transform Shanghai into a prominent international reinsurance center.

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China makes next move in goal to make Shanghai a go-to global reinsurance hub

June 2 2023

Deputy Director Zhang Zhongning revealed the NAFR are already finalising rules for a Shanghai reinsurance trading market.

NFRA: China's insurance industry performed well in Q1, but tighter supervision required

May 23 2023

At its first conference, China's new insurance regulator reiterated the importance of solvency ratio to protect against systemic risk.

CBIRC bids farewell as National Financial Regulatory Administration inaugurated

May 18 2023

The newly established NFRA will oversee China's insurance and banking sectors, excluding securities.

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