Browsing: China

AIA Group reports strong new business value and announces share buyback plan amid global economic uncertainty.

Ping An Insurance, China’s largest insurer, has dissolved its joint venture (JV) in Shanghai with Japanese pharmaceutical company Shionogi due to differing strategic goals.

A snapshot of the most discussed financial and business topics over the past couple of hours, offering insights into market trends and developments in the region.

A recent report indicates that a significant number of Property & Casualty (P&C) insurers in China are still operating with combined ratios exceeding 100%, although improvements are noted.

In 2024, a significant portion of Property & Casualty (P&C) insurers in China reported combined ratios exceeding 100%, indicating underwriting losses. However, the overall deficit showed signs of improvement compared to the previous year.

New China Life Insurance Co., Ltd. Class H (HK:1336) announced a significant increase in accumulated gross premium income for the first two months of 2025, driven by improvements in distribution and agent performance.

Ant Insurance witnessed a significant boost in health claim processing, driven by its AI-powered solutions and increasing demand for health insurance services in China.

In 2024, Ant Insurance processed 7.25 million health claims, with payouts reaching RMB 9.2 billion, driven by innovations and increasing demand.

New government directives could lead to a substantial influx of capital into China’s stock market from major insurance companies.

The Justice Department has charged ten Chinese hackers and two law enforcement officers in a global hacking campaign targeting U.S. agencies, dissidents, and news organizations.