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Foreign insurers continue to benefit from China's financial opening-up
Foreign-funded insurers continued to benefit from China's financial opening-up, with their premium income in 2020 exceeding 352.44 billion yuan (about 54.58 billion U.S. dollars), up 12.43 percent year on year, 6.8 percentage points higher than that of their Chinese counterparts, reported Shanghai Securities News on Wednesday.
China's insurance sector reports premium growth in 2020
China's insurers' premium income increased 6.12 percent year on year to 4.53 trillion yuan (about 700 billion U.S. dollars) in 2020, official data showed.
China's banking, insurance sectors to strengthen support for real economy
China's banking and insurance sectors will ramp up support for the real economy and unveil measures to prevent financial risks in 2021, the country's top banking and insurance regulator said on Wednesday.
China to expand insurance-covered medical service
China has unveiled new regulations, encouraging more medical institutions and retail pharmacies to link up with the country's medical insurance system for reimbursements.
China insurance sector hails stable solvency adequacy ratio in Q3
China's insurance industry ran through the third quarter with generally stable solvency adequacy ratio, reported Xinhua Finance, a Xinhua-run financial information platform on November 27.
China scrapes limits on industries of insurers' minority equity investment
Chinese insurance regulator canceled restrictions over the industries permitting insurers to conduct the alleged "financial equity investment" which is more like minority equity investment on November 12, reported Xinhua Finance, a financial news platform run by Xinhua News Agency on last Friday.
Hainan launches insurance covering 49 anti-cancer drugs
South China's Hainan Province on Wednesday launched a medical insurance plan that covers foreign medicines yet to be approved domestically for the treatment of cancers.
Interview: Reinsurer Swiss Re optimistic about market growth in China
Swiss reinsurer Swiss Re has said China will underpin the insurance market's comeback from the COVID-19 pandemic and vows to help introduce "innovated by China" to the global stage.
E. China's Anhui promotes integration of banking, insurance industries into integrated dev. of Yangtze River Delta
East China's Anhui Province issued a guideline recently to promote the integration of banking and insurance industries into the integrated regional development of the Yangtze River Delta.
China Enterprise Confederation, Insurance Association of China ink MOU to better serve real economy
The Insurance Association of China (IAC) and China Enterprise Confederation signed a memorandum of understanding (MOU) last Saturday, in a bid to provide better services for the real economy.
China AMCs register products worth over 350 billion yuan
China's insurance assets management companies (AMCs) registered 192 debt and equity investment plans valued at more than 357.15 billion yuan (about 51.68 billion U.S. dollars) in the first seven months of this year, official data showed.
China's online personal insurance premiums up 12.2 pct in H1
China's online personal insurance market posted steady expansion in the first half of the year, with premiums rising 12.2 percent year on year, according to data from the Insurance Association of China.
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.
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