Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
Although the capital market in China in 2023 was in the doldrums, insurance asset management companies' overall performance last year was basically stable, with a slight growth. This was after experiencing a significant decline in revenue and profits in 2022.
In investing for retirement, instruments that offer a regular income after retirement are the most popular among Indians who are investing for retirement, according to the findings of an ICICI Prudential Life Insurance study.
Major listed Chinese insurance groups' recalibration of their economic assumptions in the computation of embedded value (EV) and new business value (NBV) in 2023 will enable them to adeptly manage long-term investment risks, says Fitch Ratings. Major listed insurers lowered their assumptions of investment return and risk discount rates in response to the continued low interest rates in the country.
High inflation is a primary macroeconomic driver of cargo crime patterns and the rise in food and beverages as a stolen commodity is one such indicator according to annual Cargo Theft Report 2023.
Nearly three quarter of insurers are investing in private markets or plan to do so as firms put excess cash to work according to a global survey.
Fitch Ratings believes that its portfolio of Korean insurers can withstand reduced valuations on their overseas commercial real estate (CRE) and other real-estate exposures without major adverse ratings consequences in the short term.
Insurers and banks should step up medium- and long-term financial support to the manufacturing industry to make the industry more efficient, innovative and sustainable, according to a joint statement released by several government agencies.
Japan's life insurers are likely to buy more domestic sovereign bonds this year after the end of negative interest rates in the country, reported Bloomberg.
Southeast Asian markets now have a window of opportunity to accelerate decarbonisation with actionable ideas and accelerators to unlock these ideas by 2030, according to a report by Bain & Company, GenZero, Standard Chartered and Temasek.