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China tag returned 1083 results

  • 10 new insurers start ops since April 2017

    Of the 42 applications outstanding at 30 April 2017 to establish insurance companies last year, 10 have opened their doors, four have their licences approved for over a year but have yet to start operations while 28 are still awaiting the approval of an insurance licence, according to data from the Insurance Association of China.

    China | 20 Apr 2018
  • New rules for financial guarantors to bolster capital adequacy

    Additional rules introduced for China's financial guarantors (including credit insurers) will ensure their qualifications, prevent unregulated financial guarantee activities, improve guarantors' capital adequacy and bolster the credit quality and liquidity of their assets.

    China | 20 Apr 2018
  • Tax-deferred retirement insurance scheme to promote product diversification

    The introduction of the tax-deferred retirement insurance is credit positive because it will improve life insurers' product diversification, and, to a lesser extent, provide a new source of revenue and profit, says Ms Qian Zhu, Vice President - Senior Credit Officer, Financial Institutions Group, Moody's Investors Service.

    China | 20 Apr 2018
  • PICC Group's A-share listing to boost growth of major subsidiaries

    The proceeds from the proposed IPO of the PICC Group will strengthen the Group's capitalisation, and support business growth of its major insurance subsidiaries, including PICC Property & Casualty Insurance (PICC P&C), PICC Life Insurance, PICC Reinsurance and PICC Health Insurance.

    China | 20 Apr 2018
  • IMF urges China to centralise pension schemes as part of fiscal reforms

    The IMF has recommended that the Chinese government centralise pension and unemployment insurance, with some local autonomy to ensure equal benefits across regions.

    China | 20 Apr 2018
  • Enhanced supervision needed to cut risk in insurers' investments - IMF

    The increase in investments by insurers in China in "other assets" suggests further work is needed to enhance the insurance supervisory regime, indicates the IMF in its April 2018 Global Financial Stability Report (GFSR).

    China | 20 Apr 2018
  • P&C insurance market is more highly concentrated than life sector

    Despite the large number of insurance companies in China, the market is highly concentrated. The aggregate market share of 130 insurance companies in 2017 in terms of premium stood at 9.13%. In all, there were at least 170 life and non-life insurers operating in the Chinese market at the end of 2017.

    China | 20 Apr 2018
  • China Life reports dip in 1Q2018 premiums

    China Life is the only one among the four listed insurance groups to report negative growth in life insurance premiums for 1Q2018.

    China | 20 Apr 2018
  • Financial account security insurance has market potential

    New payment methods have provided convenience and brought new risks. For example, account information has been leaked, bank cards stolen and hacked, data sold without authorisation, etc.

    China | 20 Apr 2018
  • Mutual insurer differentiates itself with kidney disease-related cover

    Shenzhen listed Jafron Biomedical has signed a strategic cooperation agreement with newly established Public Mutual Insurance Corporation to develop and promote insurance covering kidney-related diseases.

    China | 20 Apr 2018

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