The National Financial Regulatory Administration (NFRA) issued the "Regulations on the Development and Management of Insurance Products by Property and Casualty Insurance Companies" on 9 October to regulate non-life insurance products.
The National Financial Regulatory Administration (NFRA) has issued rules for the development and management of P&C insurance products that, among various provisions, spell out the primary responsibilities and organisational structure for this function.
Several insurers have introduced innovative insurance products for companies across the artificial intelligence (AI) and computing power supply chains, bringing computing-related risks within the scope of insurance coverage.
PICC Property & Casualty Insurance Co, China's biggest non-life insurer, has issued an insurance-linked securities (ILS) sidecar in Hong Kong, the first such issuance in the territory. This is also the first time a mainland Chinese insurance institution has issued an ILS sidecar.
JD Allianz Property Insurance Co has announced that its board of directors have appointed Mr John Chen as the company's interim head, acting as General Manager, with effect from 16 October.
Zurich Insurance Group has announced the appointment of Mr Scott Yin as CEO, Zurich China, pending regulatory approval.
The Financial Regulatory Authority (FRA) has issued a circular allowing insurance companies to use the property and liability insurance policy templates approved by the Authority and provided by the Insurers Federation of Egypt, without the need to obtain separate approval for each company.
Australia's Federal Court has ordered Hollard Insurance Partners (Hollard) to pay a A$2m ($1.4m) penalty after the insurer admitted to serious claim-handling failures that left a Victorian family living in appalling conditions, with their home ultimately deemed a total loss.
HDI Global has appointed Mr Kimura Kei as General Manager, Distribution and Marketing of its Japan branch.
Africa's non-life insurance market is less concentrated than life, with six markets posting gross written premiums of over $1bn, against three in life, according to the African Insurance Organisation in its Annual Report 2026.