Losses from weather-related catastrophes may destabilise the earnings of mainland Chinese non-life insurers, especially in 2H2025, according to Fitch Ratings.
The premium income of life insurance companies in China declined in the single month of October, which was the first monthly negative growth in 2024 to date, according to data from the National Financial Regulatory Administration (NFRA).
The synergy and integration between Allianz Jingdong General Insurance Company and its parent company, Allianz SE, is expected to grow in the longer term, says Fitch Ratings.
French insurance giant AXA and the People's Insurance Company (Group) of China, the country's biggest non-life insurer, have signed a Memorandum of Understanding to boost global cooperation.
The National Financial Regulatory Administration (NFRA) has approved a licence for a new insurer to be registered in the city of Suzhou in the eastern province of Jiangsu. The proposed name of the insurer is Suzhou Dongwu Property Insurance Co.
While proposed reforms by IRDAI would allow for full foreign ownership of insurance companies in India, many international investors may still prefer to enter the market through joint ventures with Indian partners, particularly in the initial stages, says the global law firm Freshfields.
Allianz Australia Insurance's proposed acquisition of RAA Insurance will consolidate its Top Four market position in Australia's property/casualty insurance sector, says S&P Global Ratings (S&P).
The National Financial Regulatory Administration (NFRA) has approved the transfer of 100% of shares in a Hong Kong subsidiary held by Shanghai-headquartered China Pacific Insurance (Group) Co (CPIC Group) to another subsidiary, China Pacific Property Insurance Co (CPIC P&C).
Global credit rating agency AM Best has assigned a Financial Strength Rating of 'A-' (Excellent) and a Long-Term Issuer Credit Rating of 'a-' (Excellent) to Santam Limited, South Africa's biggest general insurer. The outlook assigned to these credit ratings is 'Stable'.
The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).