Insurers in China have begun to consider converting the coverage of existing life insurance policies to pension annuities, notes the mainland Chinese law firm Anjie Law.
Brussels-headquartered Ageas, Belgium's biggest insurer, has announced that it had reached an agreement with China Taiping Insurance Holdings (CTIH) to subscribe to the capital increase of the latter's wholly-controlled subsidiary Taiping Pension Co (TPP) for a total consideration of CNY1,075m ($151.3m).
China's five major 'A'-share listed insurance groups posted a cumulative insurance premium income of CNY1.25tn ($176bn) in the first four months of 2024, 1.47% higher than in the corresponding period in 2023.
The Financial Services Council's (FSC) latest Financial Resilience Index tracker indicates that the outcomes of some economic decisions made since the start of the COVID-19 pandemic are really biting across New Zealand.
The National Financial Regulatory Administration (NFRA) has issued guidelines on high-quality development in the financial sector, focusing on five areas: FinTech, green finance, inclusive finance, pension finance, and digital finance.
China Life Insurance Group has launched a CNY10bn ($1.39bn) fund to target investments in the silver economy, a move which is in line with national government policy.
Nippon Life Insurance Company (Nippon Life), the biggest life insurance company in Japan, has announced that it has reached an agreement with Corebridge Financial and its parent company American International Group (AIG) to acquire a 20% equity interest in Corebridge.
The Actuaries Institute says that it welcomes the cost-of-living relief and equity measures announced in the Federal Budget which was announced on 14 May.
Super Consumers Australia, an independent superannuation consumer advocacy organisation, urges financial advisers and superannuation funds to urgently lift their game to protect Australians' retirement savings from dodgy advice.
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.