China remained the second largest insurance market in the world in 2023, with total premiums of $724bn. This represents a 10% global market share, says Swiss Re Institute (SRI). The market share was stable compared to 2022 when it stood at 10.3%.
Five major A-share insurance companies in China have posted a combined premium income of CNY1.76tn ($242.92bn) for the first half of this year, a year-on-year increase of 3.03%, according to statements filed with the stock exchange.
The combined premium income of China's three biggest P&C insurers grew steadily in the first half of 2024, expanding by 4.54% year on year to CNY585.42bn ($80.69bn).
In the first half of the year, China's five major 'A'-share listed life insurance companies achieved a total...
Ping An Insurance (Group) Company of China has announced that it had raised $3.5bn through a convertible bond...
A total of 13 insurance companies, including pension insurers, received approval from the National Financial Regulatory Administration in the first...
Aviva-COFCO Life Insurance posted an operating income of CNY14.46bn ($2bn), a year-on-year increase of 51.35%, of which insurance business income was...
The average commission level of the bancassurance channel in China has fallen by 30% since August 2023 when the National Financial Regulatory...
The risk-based capital metrics of China Huanong Property & Casualty Insurance Company (CHIC) are expected to remain under pressure in the near to...
The number of millionaires in mainland China in US-dollar terms was 6.01m in 2023, making it the market with the second most number of millionaires...
Dive into our discussion with Fanhua Inc's Director & Chief Strategy Officer, Mr. Ben Lin, as he unveils how AI is transforming insurance sales....
Explore China's insurance brokers' landscape with Fanhua Inc's co-chairman and chief strategy officer, Mr. Ben Lin, as he offers insights into the...
Dive into the heart of China's digital revolution in the insurance sector. This video features a detailed discussion with a top expert in the field,...
Amid the global digital transformation in insurance, where does China stand? We engage in an insightful conversation with the senior expert in the...
Navigating China's insurance market can be complex for foreign life insurers due to evolving consumer demands and cultural barriers. We explore these...
The life insurance industry in China is evolving. How are agents adjusting? What strategies are companies using in the volatile market? We delve into...
The life insurance sector in China has experienced a significant drop in the number of agents in recent years. What has contributed to the decline?...
InsurTech has seen significant growth and development over recent years. InsurTechs have introduced various new technologies which have streamlined...
Established for over two decades, eBaoTech has witnessed the flourishing growth of the Chinese insurance industry. Enquiring about the factors...
Cheche Technology is a Chinese InsurTech company focusing on online motor insurance. At present, the company serves over 50m customers from over 30...
Cheche Technology is one of the top InsurTech companies in China focusing on online motor insurance. At present, the company serves over 50m...
How does Sumitomo Mitsui China stay ahead of its parent company in terms of digitalisation and what can it learn from its parent company's success in...
China's fiercely competitive environment determines that property and casualty insurance companies must pursue a different approach to achieve...
In Part Two of an exclusive interview, Mr Gao talks to Asia Insurance Review of the different impact of COVID-19 on different economic sectors and on...
In an exclusive interview, Mr Gao talks to Asia Insurance Review of how the brokerage has been managing business amidst COVID-19 challenges. He...
Mr Guo comments on how technology is deployed in distribution channels; motor insurance services; Ping An's IT achievements that have won global...
In the second part of an exclusive interview with Asia Insurance Review, Dr Jin Qi, CEO of SAIC insurance operations, speaks about how INSAIC built...
In an exclusive interview with Asia Insurance Review, Dr Jin Qi, CEO of SAIC insurance operations, comments on wide-ranging issues, including...
Part 2: Mr Xu Jianguo, CIO of CPIC Group, elaborates on the group's 3-year IT detail plan that encompasses mid-office platforms, joint insurance...
In an exclusive interview, Mr Xu Jianguo, CIO of CPIC Group, outlines the digitalisation of the group, including cloudification and the group's...
Mr Shen Peng, CEO of Waterdrop, an InsurTech company which was listed in New York in May, talks about why the company was founded and the factors...
An insightful interview with Mr Chen Wei, CTO of TK.cn, which is part of the giant Taikang insurance group, in which Mr Chen highlights how the...
A far-reaching interview with ZhongAn Online P&C Insurance CEO Jiang Xing provides fascinating insights into remarkable growth in the sector - and...
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