Insurers in China posted an aggregate premium income of CNY1.176trn ($166bn) for the first two months of this year, according to data from the CBIRC.
Hubei, of which Wuhan - the epicentre of the COVID-19 pandemic - is the capital, showed a small increase in total insurance premiums in the January-February period, despite the economic and business pressures brought on by the coronavirus.
The Insurance Association of China (IAC) has issued a draft exposure setting out revised definitions of critical illnesses, for feedback from the industry. For the first time, the definition of mild disease is introduced.
The CBIRC has released rules for insurers revising long-term medical insurance premium rates.
Data released by the CBIRC show that sales of investment-type life insurance plans fell by nearly half (48%)...
P&C insurers in China saw their aggregate gross premiums creep up by 0.6% in the first two months of this year, compared to the corresponding period...
Five insurance markets out of 36 in China generated double-digit growth in premiums in the first two months of this year, despite the coronavirus...
British life insurance giant Prudential and China's state-backed conglomerate CITIC Group have set up a joint venture asset management firm in...
Rongsheng P&C Insurance has received the approval of the CBIRC to raise its registered capital by CNY195m ($27.5m) from CNY1bn to CNY1.195bn.
The average yield of China's enterprise annuity funds stood at 8.3% last year, with the aggregate investment return reaching CNY125.8bn ($17.7bn).