The Central Commission for Discipline Inspection and the National Supervisory Commission have issued an official statement confirming that they have launched an investigation into PICC P&C President Yu Ze.
Once regarded as the "No. 1 developer" in China, Vanke has rattled both the real estate and insurance sectors by proposing to extend repayment of principal and interest on a CNY2bn ($283m) medium-term onshore note due this year-end by one year.
The 26 November residential building fire disaster in Hong Kong has increased public attention on urban housing safety in mainland China, thrusting home insurance into the spotlight.
The Chinese insurance industry is rolling out locally customised inclusive insurance initiatives across the country, to increase home insurance penetration.
High net worth individuals (HNWIs) in China are eyeing insurance (47% of HNWIs surveyed), gold (42%), and equities (34%) as the top three asset classes to which they plan to increase allocation of their money in the next year, according to the paper, "Mapping the Investment Landscape for China HNWI 2025".
Health insurance in China has seen deep transformation and accelerated innovation, driven by policy support, upgrading consumer demand, and technology adoption, since 2024, according to the "China Insurance Industry Competitiveness Research Report (2025)".
Party Secretary and Chairman of China Re Asset Management, Mr Li Wei, has said that insurance asset managers have to become "friends of Time", adopting long-term perspectives, patiently cultivating value and adapting to change with keen insight and strong learning capabilities.
Beijing Shengtang Insurance Brokerage Co (Shengtang) recently announced that its name has been officially changed to "Toyota Insurance Brokerage (Beijing) Co., Ltd" (TIB).
As humanoid robots increasingly appear in real-world commercial settings, the need for dedicated risk management solutions is becoming urgent.
Insurance claims from the deadly Wang Fuk Court fire in Hong Kong are unlikely to affect the rating of China Taiping Insurance Group (TPG), according to credit ratings agency Fitch Ratings.