Regular-premium life insurance business through the bancassurance channel slowed month by month during the first half of this year, but still maintained a double-digit growth rate year on year.
China's insurance industry entered a new regulatory phase on 1 July as three significant policy measures took effect, introducing stricter product suitability rules, greater transparency in bancassurance fees and lower projected returns for participating insurance products.
ITC Asia 2026 opened in Singapore yesterday, 30 June, Tuesday, with a flurry of workshops, that remained true to the themes it would be exploring in this year's edition of the event.
The 1Q2026 solvency reports of 63 life insurance companies show that they raked in premiums of CNY462.35bn ($68.14bn) through the bancassurance channel, accounting for 47.78% of their total premiums of CNY967.79bn.
Vietnamese commercial banks are continuing the trend of shifting to direct ownership of insurance companies, instead of merely distributing insurance products in partnership with insurers.
Lockton has announced the appointments of Mr Jaideep "Jay" Sharma as CEO of Lockton India, subject to regulatory approval, and Mr Nicholas "Nick" Lee as CEO Designate of Malaysia, of Lockton Sime.
Cash Assurances and the National Savings and Provident Fund-Bank (CNEP-Banque) are strengthening their strategic partnership by expanding the marketing of their Nat CAT and multi-risk home insurance products nationwide, following a pilot scheme.
The bancassurance channel emerged in 2025 as the driver of revenue growth for life insurance companies, particularly listed insurers, according to an analysis of the annual financial statements released by several companies.
The regulatory authorities have issued a notice to the insurance industry that tightens rules on bancassurance fees and improve expense management in life insurance companies.
The total number of individual insurance agents across the life operations of five major listed insurers reached 1.33m at the end of December 2025, representing a decrease of 52,000 or 3.7% compared to the end of 2024.