Browsing: China

AIA Life Insurance, the wholly-owned subsidiary of AIA Group Limited in mainland China, saw significant gains in 2024, with new business value up 20% and annualized new premiums increasing by 10%.

Insurance companies in China have been hit with a significant number of fines this year, reflecting increased regulatory scrutiny.

Data from the National Financial Supervision Administration (NFSA) reveals a continuing downward trend in the number of professional insurance intermediaries in China.

Ping An, a leading insurance company in China, has released its 2024 financial report, revealing insights into agent recovery and life insurance trends.

Key developments and updates from the Chinese insurance market.

AIA Life Insurance, the wholly-owned subsidiary of AIA Group Limited in mainland China, experienced significant growth in 2024, with a 20% increase in new business value and a 10% rise in annualized new premiums.

Ping An Group’s Co-CEO, Michael Guo, discusses the company’s robust financial results and future growth strategies, emphasizing the potential of health and senior care sectors.

Ping An Insurance’s 2024 net profit surged, driven by strong performance in its core financial and health businesses.

Ping An Insurance Group’s net profit rose 47.8% in 2024, fueled by the growth of its life and health insurance business.

China’s insurance industry reported significant property insurance payouts in 2024, reflecting the scale of the market.