At the 2025 Sustainable Global Leaders Conference held in Shanghai recently, the Insurance Asset Management Association of China(IAMAC) former executive vice president and secretary general Cao Deyun said that China's economy is currently in its fourth low interest rate cycle since the reform and opening-up.
Insurance is expected to continue playing a crucial role in legacy planning across Asia, as new research from Sun Life Asia reveals that financial protection remains the cornerstone of how families plan to preserve wealth for future generations, with most respondents fearing their wealth will not last beyond their children's generation.
Insurers are preparing for another year of economic uncertainty, with inflation once again emerging as a leading macroeconomic concern, according to BlackRock's 14th annual "Global Insurance Report".
Southwestern University of Finance and Economics(SWUFE) has released China's first comprehensive report on the insurance trust sector, defining it for the first time as an independent industry. The report shows that China's insurance trust assets have exceeded CNY300bn($42.25bn), marking a new stage of orderly innovation and intensified competition.
These are the highlights for events and updates across the insurance industry this week.
Huaxia CapitaLand Commercial REIT was successfully listed recently, with its underlying assets comprising two mature shopping centres in the core business districts of Guangzhou and Changsha. Among its key strategic investors was Chasing Jixiang Life Insurance - one of several insurers increasing exposure to rental real estate.
China's insurance asset managers are expanding rapidly toward CNY40tn ($5.4tn) in assets, with third-party business rising as the next growth frontier, said the Insurance Asset Management Association of China (IAMAC) former executive vice president Cao Deyun.
The Insurance and Pensions Commission (IPEC) says that the sector has invested millions of dollars in agriculture, energy and infrastructure development in line with prescribed asset regulatory requirements.
Backed by a regulatory environment that encourages companies to practise environmental, social and governance (ESG), insurers will play an increasingly important role in Singapore's green transition, MSIG Singapore CEO Mack Eng said.