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Alipay uses noseprint recognition for pet insurance
Chinese mobile payment giant Alipay's insurance platform has open-sourced noseprint recognition technology to use it on the company's newly launched pet insurance, according to Alipay.
China Life Insurance reports premium income growth in H1
China Life Insurance Co., one of the country's biggest insurers, posted premium income growth in the first half of 2020.
China issues guidelines to promote online development of property insurance
China Banking and Insurance Regulatory Commission (CBIRC) issued on Thursday guidelines to promote the online development of property insurance, reported the Xinhua-run cnstock.com.
China's insurance sector maintains adequate solvency in Q1 despite pressure
China's insurance sector has reported adequate solvency in the first quarter (Q1) of this year despite increased operation pressure, the country's banking and insurance regulator said.
China's new insurance policies in Q1 mount up to 10.9 bln
Chinese insurers saw their new insurance policies surge 72.1 percent year on year to 10.9 billion in the first quarter of 2019, reported Xinhua Finance, a financial information platform run by Xinhua News Agency Thursday.
New China Life Insurance reports Q1 growth in revenue, net profit
New China Life Insurance Company Ltd. registered growth in its revenue and net profit in the first quarter this year.
China mulls real-name registration for individual insurance
China's top insurance regulator has started to solicit public opinion on real-name registration in individual insurance to avert risk and better protect property safety for consumers.
China to bolster financial, insurance support to agriculture, rural areas
China will ramp up financial and insurance assistance to sectors related to agriculture, rural areas and farmers, according to a circular issued by the China Banking and Insurance Regulatory Commission.
Beijing to reimburse medium, small, micro firms with no or fewer layoffs unemployment insurance premiums
Beijing will reimburse medium, small and micro-sized enterprises with no or fewer layoffs all the unemployment insurance premiums they paid last year, said He Rui, deputy director of the Beijing Municipal Human Resources and Social Security Bureau on Monday.
China Life Insurance reports double-digit growth in premium revenue
China Life Insurance Co., one of the country's biggest insurers, said its premium income rose 20.51 percent in the first two months of 2020.
China's banking, insurance sectors to beef up support for poverty alleviation
China's top banking and insurance regulator issued a circular Thursday, urging the country's banking and insurance institutions to step up support for areas hit by deep poverty.
Beijing cuts companies' insurance costs worth 50 bln yuan
Beijing municipal authorities have announced they will exempt or reduce the insurance premiums paid by employers amid the outbreak of the novel coronavirus, recuding companies' burden by more than 50 billion yuan (7.2 billion U.S. dollars) this year.
China's export firms hit by epidemic given priority for claim settlement
Priority has been given to the settlement of insurance claims for export enterprises affected by the coronavirus outbreak, according to China Export and Credit Insurance Corporation.
China regulator pushes online verification of insurance products
The China Banking and Insurance Regulatory Commission has detailed policies to encourage insurers to digitalize verification of life insurance products to make the process more efficient.
China's big insurers post profit leap in 2019
China's listed insurers posted a big leap in profits last year due to tax cuts and higher investment returns, the Shanghai Securities Journal reported Wednesday.
First wholly foreign-funded insurance holding company to debut in China
China will see the debut of the first wholly foreign-owned insurance holding company in January 2020, thanks to the country's efforts to open up the insurance market.
China insurers report 5.56pct of annualized financial investment return in H1
Chinese insurers reaped 471.5 billion yuan of investment returns in the first half of 2019, with their annualized financial investment yield at 5.56 percent, 0.8 percentage point higher than the comparable data in the same period of last year.
China to enhance management of insurance assets, liabilities
China will see strengthened management and supervision of insurance assets and liabilities, according to interim measures issued by the banking and insurance regulator Thursday.
Chinese insurers expand equity inv. plans upon policy boosts
Chinese insurance firms rushed to register equity investment plans upon multiple policy boosts, with their debt and equity investment plans registered in June up 62.18 percent year on year, reported Economic Information Daily.
Foreign investments flock to China’s insurance industry with favorable policies
With the continuous dividends from policies, China's insurance market has ushered in a new wave of foreign investment, with the mid-to-high-end health insurance sector expected to be a focal point.
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