News

Real estate giant sells its insurance holdings for US$392m

Real estate giant sells its insurance holdings for US$392m

Chinese conglomerate Wanda Group has signed an agreement to sell all its holdings in Aeon Life Insurance for CNY2.7bn ($392m).

Chinese life insurers take top 2 places in competitiveness rankings in Asia

Chinese life insurers take top 2 places in competitiveness rankings in Asia

Chinese insurance giants, China Life and Ping An Life, have been named as the top two insurers in the 2018 “Asia Insurance Competitiveness Ranking Research Report”, commissioned by the newspaper, the 21st Century Business Herald, with a study carried out by the Insurance Research Center of the University of California, […]

50% of consumers keen on online mutual assistance plans, 42% are wary

50% of consumers keen on online mutual assistance plans, 42% are wary

More than half (50.5%) of respondents to a recent poll think that online mutual assistance schemes, which provide coverage of up to hundreds of thousands of yuan a year, in exchange for contributions of a few yuan, is the answer to the poor.

Insurance asset management body to work out self regulatory measures

Insurance asset management body to work out self regulatory measures

The Insurance Asset Management Association of China (IAMAC) will cooperate with the regulatory authorities to adopt a series of self disciplinary measures related to investments in stocks by the insurance industry, according to Mr Cao Deyun, the association‘s executive vice president and secretary general.

76% of consumers believe private insurance is important — poll

76% of consumers believe private insurance is important — poll

More than three quarters (76.4%) of Chinese consumers polled in a recent survey believe that commercial insurance is important and needs to be purchased. Among them, 34.06% of the population believes that “commercial insurance is very important and must be bought”; while 42.32% of the population believe that “commercial insurance […]