The P&C insurance sector in China chalked up total premiums of CNY496.2bn ($74.4bn) from January to May, according to the latest data from the CBIRC.
The Chinese may not have as much money to spend as the headline numbers would indicate, according to Mr Christopher Balding is an associate professor of business and economics at the HSBC Business School in Shenzhen.
A third of life insurers in China saw a decline in their gross premiums for the January to May period, with 31 of the 87 life insurance companies in operation during the period posting negative premium growth, according to the latest data from the CBIRC.
China Insurance Security Fund (CISF) has warned that risk in some key insurance areas and major companies is...
The CBIRC has amended a regulation, "Measures for the management of independent directors of insurance...
Political risk is increasing in China's highly publicised Belt and Road Initiative (BRI), which is facing more resistance.
Rongsheng P&C Insurance has received the regulatory nod to start its operations, joining 88 other insurers in the non-life sector.
Sales are seen as slow for China's earthquake catastrophe insurance scheme for urban and rural residents since its launch in July 2016.
China Re has received the CBIRC's approval for it to establish a catastrophe InsurTech company with an investment of CNY70m ($10.5m).
The Chinese government should include high-price inelastic demand drugs, like anti-cancer drugs, in medical insurance, to resolve the problem of high...