China: Authorities nab another New China Insurance ex-chairman for corruption

...China. He served as the president of New China Asset Management Co, a subsidiary of New China, starting in 2010. In August 2019, he was promoted to be the CEO and president of New China. In September...

Cheche links arms with China unit of Tokio Marine

...China is underscored as well."...

Regional reinsurance brokers reinventing game plan

...China, hence business is growing,” he said.    M&A on the rise in the region M&A...

People on the move

...China: Prudential appoints new regional CEO Prudential has appointed Ms Angel Ng as regional CEO, Greater China, customer and wealth. She will also join...

AI empowering actuaries to drive change

...China, where AI is used to gather enough information about someone’s health in just a few minutes. This could significantly streamline what is currently a lengthy, time-consuming, expensive, an...

Hong Kong: Insurance regulatory action enhances GBA connectivity

...China visitors by combating the unlicensed cross-boundary selling of insurance products is one of the ways in which Hong Kong’s Insurance Authority (IA) is ensuring smooth connectivity and busi...

Listed online insurance platform company sets sights on 2 new Asean markets

...China) market for Huize which completed the acquisition of a...

Asia Pacific: Opportunity knocks for insurers in family office boom

...China, Singapore, and international high net worth, at Sun Life, says that “there is a need...

China: Life insurance practitioners gather in Shanghai

...China Day," co-hosted by the Million Dollar Roundtable and the Chamber of International Commerce Shanghai, brought together experts and industry veterans to discuss topics such as financial and...

Listed InsurTech wins tender to provide TPA services to PICC Group

...Nasdaq-listed Zhibao Technology, engaged primarily in providing digital insurance brokerage services through its operating entities in China, has won a tender to provide high-end medical third party administration (TPA) services to the People's Insurance Company of China (PICC Group), one of the largest insurance groups in the country....

Allianz Asia-Pacific reports 5% rise in operating profit in 1H2024

...China, India, Indonesia, Laos, Malaysia, Philippines, Singapore, Sri Lanka, Taiwan, and Thailand....

Cyber attacks on Hong Kong regulator, insurers and agencies

...China CEO Patrick Zeng said. According to the Allianz Risk Barometer: Identifying the major business risks for 2024, cyber incidents in Hong Kong rose two spots year-on-year to rank second among top...

China gets a new reinsurer

...China’s National Financial Regulatory Administration to open a branch in Beijing. This makes it the 15th reinsurer to be operating in China.   The reinsurer sta...

Life insurance: Promising and positive performance

...China have played a major role in this story. HSBC Life Hong Kong’s Ms Daisy Tsang t...

IT outage may impact APAC insurers hard

...China either saw no impact or only minimal impact in installations, especially in the local offices of foreign enterprises or their mainland joint ventures.   China r...

Hong Kong's RBC regime signals a new era

...China to buy long-term insurance policies with savings and investment elements”.   In June 2024, the regulator issued a new guideline on the establishment and m...

Asia: Prudential reports 1H new business profit of nearly US1.5bn

Cheche Group forms strategic partnership with Dongfeng Motor Group's insurance unit

...China, Dongfeng Motor Group develops and brings brands to market like Fengdu, Aeolus, Forthing, VOYAH, M Hero, and NAMMI, while also marketing foreign-branded vehicles, such as Dongfeng Honda, Dongfe...

Regional InsurTech enters the Philippines

...China and India....

Going Global: Huize's Strategic Revenue Diversification

...Dive into Huize Holding's global expansion strategy to diversify revenue streams, with insights from Ron Tam, co-CFO and head of international business at Huize. As the leading digital insurance platform catering especially to China's new generation, the Nasdaq-listed firm is making bold moves into new markets. Uncover the motivations behind their expansion, the strategies they're employing to enter these regions, and see how local partnerships and AI are pivotal to their mission....

Asia Pacific: Zurich shows strong financial performance in 1H in the region

...China, Hong Kong, India, Indonesia, Japan, Malaysia and Singapore....

Regulator gives nod to Anbang Group and Anbang P&C to start bankruptcy proceedings

...China. The Chinese authorities took over control of Anbang in February 2018, to reduce risks in the financial sector. Anbang had been selling...

Greater China: Prudential appoints new regional CEO

...Prudential has appointed Ms Angel Ng as regional CEO, Greater China, customer and wealth. She will join the Group executive committee effective 1 October 2024....

Vietnam: FWD Group partners Junior Achievement to expand financial literacy programme

...China, The Hon Mr John KC Lee, GBM, SBS, PDSM, PMSM and organised by the Hong Kong Trade Development Council. FWD Group Chairman of the Board of Directors, Professor Frederick Ma, GBS, JP, joined the...

People on the move

...China.   Mr Ko has 28 years of experience in insurance and broking. He has worked with WTW China, and most recently served AJG China as CEO....

Insuring new energy vehicles in China can be sustainable

...China but several factors are pushing up NEV insurers’ combined ratio beyond 100%. Cheche group’s M...

Hong Kong: FTLife renamed to CTF Life

...China’s membership programme), thereby extending its reach to benefit an even broader membership base in Hong Kong and mainland China....

Intermediary role in insuring NEVs in China

...The rapid development of new energy vehicle (NEV) insurance in China brings in new requirements for the country's motor insurance brokers. The traditional motor insurance brokerage model, which relies solely on providing basic intermediary services, has become insufficient to meet market demands. Facing this challenge, motor insurance brokers need to undergo self-innovation and actively involve in digital transformation....

China Pacific Insurance group forms partnership bridging gap between insurance and cryptocurrency

...China Pacific Insurance Group launched the two Pacific Waterdrip Digital Asset Funds in partnership with Waterdrip Capital, an investment institution focusing on the blockchain industry....

Dajia Group places pension insurance unit on the block

...China. It was the insurer’s first solvency report to be released since it last filed one in April 2017. Daji...

MAPFRE RE becomes 15th reinsurer in China

...China’s insurance market back in the early 80’s. During the last 40 years, MAPFRE RE has been steadily increasing its commitment to the market and has established a solid business foundat...

Hong Kong: Sun Life debuts elite service ecosystem for HNW clients

...China through the eSunPro healthcare platform.  It aligns with the Hong Kong SAR government’s introduction of...

People on the move

How insurance can contribute to sustainability

...China, Laos, the Philippines and Vietnam have developed, or are developing, hydropower initiatives.   However, Mr O’Neill said, such initiatives also cause &ldq...

Singlife looks to reach beyond Singapore

...China, offer avenues for knowledge exchange and best practice sharing.   Ms Phau said that potential areas of collaboration could include in digitalisation - explorin...

Motor InsurTech collaborates with automakers' insurance broking units

...China, producing and selling vehicles through its own brands as well as foreign-branded joint ventures. These brands include ARCFOX, Beijing Automotive, Beijing Hyundai, Beijing Benz and Beijing Off-...

Hong Kong: Oneglobal Broking appoints new executive director

...China, and most recently served AJG China as CEO....

Fanhua forms strategic partnership with Baidu AI Cloud to create digital assistants for insurance agents

...China, Fanhua brings a wealth of insurance expertise and extensive experiences to both insurance business operations and digitalisation and intelligence development, providing a solid foundation for...

Thailand: General insurers form group to study EV insurance

...China-manufactured EVs. He adds that the insurance industry can see that the EV trend will rise more and more. In addition, EV manufacturers are beginning to set up production bases in Thailand. &ldq...

9th Asia Trusted Life Agents & Advisers Awards finalists revealed

...China (Beijing Branch)...

People on the move

...China, MENA, Africa, cyber. He has been chief executive of Australasia, Japan, Korea and South-East Asia since 2023. Mr Eckl was responsible for establishing Munich Re’s regional centre for P&a...

China's motor insurance woes

...China’s insurers have seen growth in motor premiums slow significantly, and EV risks are becoming untenable. We take a look at the developments in China’s motor insurance market over the...

Dajia subsidiaries still bear scars of the insolvency of Anbang Group

...China. The Chinese authorities took over control of Anbang in February 2018, after its former founder and CEO Wu Xiaohui was detained in June 2017 for fraud and embezzlement. He was sentenced in May...

China predicted to contribute 17% of additional life insurance premiums globally over next 10 years

...China alone will generate around 17% of the overall global additional premiums, adding $256bn between 2025 and 2034, according to Swiss Re Institute (SRI)....

Ageas to acquire an initial 10% stake in Taiping Pension

...China. It also helps Ageas to strengthen its presence in the largest growth market in Asia, diversify its business offerings, and consolidate its long-standing strategic partnership with China Taipin...

Global: Swiss Re announces new appointments

...China and China country president. Prior to that, he led the corporate solutions business unit in the Americas, managing North America and Latin America, and also worked in asset management and group...

Asia: RGA aims for more growth in the region

...China, plus the huge opportunity presented to its Hong Kong office through growing demand for life cover in mainland China also represented big potential for RGA in the region....

China: Ping An sells 5.65m HSBC shares for US$50m

...Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share....

French global reinsurer confident of bigger contribution from China

...China Daily, said that the Chinese market offers "incredible growth potential" and is also expected to become Paris-headquartered SCOR's second-largest market....

Asia-Pacific: Hannover Re derives nearly 20% of gross reinsurance revenue from the region in 2023

...China...