China Life Asset Management, Taikang Asset Management, and PICC Asset Management, three of the leading insurance asset management institutions in China, attained a combined net profit of CNY1.394bn ($192m) for the first quarter of 2024. Their combined operating income was CNY3.11bn for the quarter.
The new head of Taiwan's Financial Supervisory Commission (FSC) has said that the regulator hoped to guide the insurance industry to invest more domestically.
The earnings of Qatar General Insurance & Reinsurance Company (QGIRC) have been supported by a track record of adequate underwriting profitability, with the company generally reporting positive technical results, says AM Best.
Chinese insurance giant China Life has made direct investments exceeding CNY1tn ($138bn) in the integrated development of Beijing, Tianjin and Hebei.
The State Council, which is China's cabinet, has spelt out several measures to promote the high-quality development of venture capital, including encouraging long-term funds, such as insurance funds, to invest in the venture capital sector to boost innovation.
China Life Insurance, the country's biggest insurer, is purchasing half of a Beijing property project for CNY3.1bn ($436m).
In today's fast-changing environment, Japanese insurers must continue to transform in order to maintain competitiveness and grow globally, says the international professional services firm PwC.
Insurance companies in South Korea reported investments totalling KRW31.3tn ($22.7bn) in real estate overseas at the end of December 2023, holding the largest share of 54.4% among all categories of financial institutions in the country, according to data released by the Financial Supervisory Service (FSS).
Chinese insurance giant Ping An will maintain a balanced "double barbell" asset allocation to ensure stable returns, according to Mr Benjamin Deng, chief investment officer of Ping An Insurance (Group) Company of China.
2024 marks the fifth year of the establishment of the Dajia Insurance Group in June 2019 by the Chinese authorities to take over the operations of the now-defunct Anbang Insurance Group.