The IRDAI has issued a Master Circular on Actuarial, Finance and Investment Functions of Insurers.
The first two asset-backed securities (ABS), with a total issuance amount of more than CNY2bn ($277m) and managed by insurance asset management companies, have made their debut on the Shanghai Stock Exchange.
ZhongAn Online P&C Insurance has entered into a Sale and Purchase Agreement to purchase two pieces of property on the Bund in the prime district of Huangpu in Shanghai for CNY1,436.6m ($199.1m).
Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
Although the capital market in China in 2023 was in the doldrums, insurance asset management companies' overall performance last year was basically stable, with a slight growth. This was after experiencing a significant decline in revenue and profits in 2022.
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.
Major listed Chinese insurance groups' recalibration of their economic assumptions in the computation of embedded value (EV) and new business value (NBV) in 2023 will enable them to adeptly manage long-term investment risks, says Fitch Ratings. Major listed insurers lowered their assumptions of investment return and risk discount rates in response to the continued low interest rates in the country.
High inflation is a primary macroeconomic driver of cargo crime patterns and the rise in food and beverages as a stolen commodity is one such indicator according to annual Cargo Theft Report 2023.
Nearly three quarter of insurers are investing in private markets or plan to do so as firms put excess cash to work according to a global survey.
Fitch Ratings believes that its portfolio of Korean insurers can withstand reduced valuations on their overseas commercial real estate (CRE) and other real-estate exposures without major adverse ratings consequences in the short term.