Chinese P&C insurers are increasing government bond allocations and reducing capital requirements for credit risks, says Mr Frank Yuen, VP senior credit officer at Moody's Ratings.
Insurance giant Ping An has established a CNY10bn ($1.4bn) fund with Shenzhen Guidance Fund, a venture capital fund controlled by the Shenzhen government.
Private health insurance is the top choice of 86% of mainland Chinese seniors who were polled in a survey on the needs of ageing consumers in Asia.
Mainland China's retirement income system has been ranked in 31st place among the 48 markets worldwide covered this year by the Mercer CFA Institute Global Pension Index.
Demography scientist Yi Fuxian says that the pension crisis in China is occurring now.
The Property and Casualty Insurance Department of the National Financial Regulatory Administration (NFRA) has issued an exposure draft on rating indicators and scoring rules for P&C insurers. The proposed evaluation system is compliance- and risk-oriented.
Four of the five largest "A"-share listed insurance companies in China have issued profit estimates for the first nine months of this year, with year-on-year increases of at least 60%.
China's five largest listed insurance companies in the 'A'-share market posted a combined total premium income of CNY2.38tn ($334.2m) in the first three quarters of this year, rising by 5.79% compared to the corresponding period of 2023.
The Guangdong Financial Regulatory Bureau has issued a circular stating that it was carrying out a probe on the illegal sales of insurance products from overseas and illegal cross-border insurance transactions in the province (excluding Shenzhen).
China's population aged 60 and above reached nearly 297m in 2023, accounting for 21.1% of the total, according to an official report released jointly by the Ministry of Civil Affairs and China National Committee on Ageing.