The 26 November residential building fire disaster in Hong Kong has increased public attention on urban housing safety in mainland China, thrusting home insurance into the spotlight.
The Chinese insurance industry is rolling out locally customised inclusive insurance initiatives across the country, to increase home insurance penetration.
As humanoid robots increasingly appear in real-world commercial settings, the need for dedicated risk management solutions is becoming urgent.
Insurance claims from the deadly Wang Fuk Court fire in Hong Kong are unlikely to affect the rating of China Taiping Insurance Group (TPG), according to credit ratings agency Fitch Ratings.
The risk-adjusted capitalisation of China Taiping Insurance (HK) Company [CTPI(HK)] was at the strongest level as of year-end 2024, as measured by Best's Capital Adequacy Ratio (BCAR), and is expected to remain robust over the short to intermediate term, according to AM Best.
Over HK$327m ($42m) has been donated by various Hong Kong-related insurance companies through their charitable arms, group and parent companies to victims of the 26 November high-rise fire disaster in the city.
Allianz SE Reinsurance has appointed Ms Anna Kohls as the new Regional CEO and Head of P&C Client Management of its reinsurance branch in Singapore, Allianz SE Reinsurance Branch Asia Pacific (Allianz Re APAC), effective 1 January 2026.
The Insurance Regulatory and Development Authority of India (IRDAI) has held a discussion centred on strengthening policyholder protection, improving grievance redressal standards and addressing operational challenges faced by the insurance sector.
Listed Chinese property insurance company PICC Property and Casualty has hit the headlines, with its President reported to be missing and suspected to be under investigation by authorities.
A material portion of the gross incurred loss in the deadly Hong Kong apartment fire is to be transferred to reinsurers, which may halt downward pressure on Hong Kong property reinsurance rates amid a global reinsurance softening backdrop, AM Best expects.