More than half of Hong Kong employees (52%) are struggling with their finances, according to the new survey by WTW, a leading global advisory, broking and solutions company.
AIA has announced a new agreement with BlackRock and BNY, as it looks to transforms its investment platform, to support the group's long-term investment programme.
Pan-Asia insurer AIA Group has announced a new agreement with BlackRock and BNY, as AIA transforms its investment platform, to support the Group's long-term investment programme.
Three in four (74%) investment plans of insurance asset management companies showed positive returns in the first half of the year, among which fixed-income plans performed the best, according to data from Shanghai-headquartered Wind Information Co, which provides financial and economic data.
CPIC Investment Management (HK) Company Limited (CPICIMHK), the Hong Kong incorporated investment management subsidiary of China Pacific Insurance Group (CPIC), and Swiss-headquartered AMINA Group that provides provide crypto services, have formed a strategic partnership.
The Financial Supervisory Commission (FSC) has reservations about a proposed amendment to the insurance law, submitted by a lawmaker, to slash the overseas investment ceiling of the insurance industry from the current 45% to 25%. The draft amendment does not provide for a transitional period in which the change would be effected.
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.