asiainsurancereview21h
Insurance Association of China sets 2.34% assumed rate, leading insurers maintain 2.5% cap
On 10 January, the Insurance Association of China (IAC) convened a meeting of the Life Insurance Liability Reserve Assessment ...
asiainsurancereview21h
China Life reports $94.04bn original premium income for 2024, up 4.7% YoY
China Life announced that its cumulative original premium income for 2024 reached approximately CNY671.7bn ($94.04bn), ...
asiainsurancereview21h
Nearly 2,000 insurance branches closed in 2024; over 10,000 exited in five years
As 2025 begins, regulatory announcements continue to highlight the closure of insurance branches, reflecting the ongoing ...
asiainsurancereview21h
NFRA approves Taiping Re and BOC Insurance to launch operations in Shanghai Reinsurance Centre
On 8 January, the National Financial Regulatory Administration (NFRA) approved Taiping Reinsurance (China) and Bank of China ...
asiainsurancereview21h
Tibet earthquake:$4.9m in insurance payouts
On 10 January, the China Financial Regulatory Administration (CFRA) reported that after a 6.8-magnitude earthquake struck ...
asiainsurancereview22h
People on the move
Mr Noel MacCarthy, executive vice president, Asia Pacific for Liberty International Underwriters (LIU), will relocate to Singapore as LIU continues its focus on building the brand across the larger ...