Shanghai-headquartered multinational conglomerate Fosun International has reached an agreement with BNP Paribas Group to sell a stake in leading Belgian insurer Ageas to the latter's insurance subsidiary BNP Paribas Cardif.
The National Financial Regulatory Administration (NFRA) has released an exposure draft proposing measures to combat insurance fraud.
The total number of agents of six mainland Chinese-run listed insurance companies was 1.66m in 2023, a year-on-year fall of 19% or a reduction of 380,000 from 2022, according to data released in the 2023 financial statements of the insurers.
The National Administration of Financial Regulation (NAFR) has issued the 2024 edition of its negative list for life insurance products, with 94 taboo practices on the new list.
The trust subsidiary of Ping An Insurance (Group) Co has failed to repay a trust product on time because of the overall property downturn in China.
Ping An Pension is the only insurer out of 117 companies assessed to command all five stipulated investment management capabilities, according to a new report released by the Insurance Association of China (IAC). There are 16 insurance companies with four types of investment management capabilities.
Two mainland Chinese-controlled technology-driven insurance intermediaries made the headlines in the past few weeks with the successful launch of their initial public offerings (IPOs) on Nasdaq.
Hong Kong's Insurance Authority (IA) and the Independent Commission Against Corruption (ICAC) have conducted their first joint operation targeting corrupt conduct in the unlicensed sale of insurance policies to mainland Chinese visitors (MCVs).
Fitch Ratings has revised the outlook on China's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'Negative' from 'Stable', and affirmed the IDR at 'A+'.
China's National Financial Regulatory Administration (NFRA) completed on 8 April the formation of a four-tier supervisory framework with the establishment of county-level offices which will help broaden the regulator's supervision of financial practices at the grassroots level.