China's financial regulator, the National Administration of Financial Regulation (NAFR), plans to limit commission fees in bancassurance operations, in a move that could lead bancassurance fees to plunge by 50% or more.
The Insurance Working Group (IWG) of the European Chamber in China has suggested that Chinese regulators adjust the 'related party transaction' indicators in insurers' risk ratings to reflect the risk profile of bankassurers more accurately.
China's removal of COVID-19 pandemic-containment measures has supported new business generation at life insurers in 2023, with PICC Life Insurance Company reporting strong growth in new business value (NBV) in 1H2023. NBV increased by 67% yoy to CNY2.5bn ($342m) in 1H2023, while the value of...
Almost four-fifths of Chinese personal pension funds are unprofitable after the first group of private...
Shanghai International Group and seven other companies have received approval from the National...
Increasingly, insurers are competing for customer attention not against other insurers, but against super apps and apps from tech giants, retailers...
The post-90s generation has become the mainstay customers of pet insurance, accounting for more than 60% of total pet insurance policyholders. Among...
The National Administration of Financial Regulation (NAFR) has approved the takeover of Evergrande Life Insurance, a unit of debt-ridden real estate...
Listed China Coal Energy Group is seeking to exit its investments in China Coal Insurance.
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...