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China tag returned 1291 results

  • Lloyd's report highlights compelling opportunities for insurers in sharing economy

    China is the stand-out market in the global sharing economy with hundreds of millions of participants. Almost three quarters of the online population (73%) in China are consumers in the sharing economy; more than half (55%) supply goods and services to it, according to the report "Squaring risk in the sharing age -- How the collaborative economy is reshaping insurance products".

    China | 20 Jul 2018
  • 11 insurers get go-ahead to increase capital by US$2.7bn in 1H

    A total of 22 insurance companies announced that they have either applied for or received approval for capital increases reaching a combined CNY31.5bn ($4.7 bn) in the first half of the year, statistics show.

    China | 20 Jul 2018
  • Regulator issues interim rules for management of tax deferred pension funds

    The CBIRC has released a set of guidelines titled "Interim Measures for the Administration of the Use of Personal Tax Deferred Commercial Endowment Insurance Funds" to regulate the use of tax-deferred pension funds, and to promote the healthy development of a pilot scheme for tax-deferred pension funds.

    China | 20 Jul 2018
  • Lack of medical data affects health insurers' profitability

    A lack of transparent, digital and integrated medical data in China makes it challenging for health insurers to underwrite and manage risks profitably and handle the claims process knowledgeably. The lack of a standardised and comprehensive data environment is an ongoing challenge that the government and insurers are set on addressing.

    China | 20 Jul 2018
  • Regulator drafts amended rules for insurance agencies

    The China Banking and Insurance Regulatory Commission has drafted new regulations for insurance agencies and agents that would affect eight million people in the trade.

    China | 20 Jul 2018
  • Four locally listed giants post slower premium growth in 1H

    The combined premium income of China's four locally listed insurers reached CNY1.027tn ($151 bn) for the first half of this year. This represented a year-on-year growth rate of 12.7%.

    China | 20 Jul 2018
  • Insurers directed to conduct self audit of credit insurance business

    With panic hitting peer to peer lending platforms, and concerned about contagion effects, the CBIRC has issued a notice to local insurance regulatory bureaux and property insurance companies to carry out special self audits of their credit guarantee insurance business.

    China | 20 Jul 2018
  • Fujian, Guangxi leads in premium growth rate from Jan-May

    Fujian and Guangxi provinces posted the fastest growth rate, both 7%, in the life market in the first five months of the year, according to data from the CBIRC.

    China | 20 Jul 2018
  • Anbang looks at selling overseas assets totalling US$10bn

    China's Anbang Insurance Group is looking to sell overseas properties worth about $10bn to shore up its balance sheet as part of a government-backed rescue, reports Reuters citing three people with knowledge of the matter said.

    China | 20 Jul 2018
  • China's economic growth stands at 6.7% in 2Q2018 as tariff war begins

    Chinese economic growth slowed slightly in the second quarter, expanding by 6.7% in April-June, down from 6.8% in the first quarter and in line with a 6.7% rate tipped in an AFP survey of economists.

    China | 20 Jul 2018

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