Post Tagged with: "Life & Health"

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, […]

Regulator studies life market to determine supervisory approach for 2019

Regulator studies life market to determine supervisory approach for 2019

In order to fully understand developments in the life insurance market, the CBIRC has recently studied risks and issues in the sector and conducted on-site inspections.note

India: Wef 1 Jan, insurers have to notify policyholders about receipt of premiums

India: Wef 1 Jan, insurers have to notify policyholders about receipt of premiums

The insurance sector regulator has directed all insurers to inform policyholders through mobile messages on the receipt of premiums from the customers. The IRDAI said the order, which takes effect on 1 January 2019, is issued to enhance policyholder protection and information disclosure. Several customers have complained that they are often […]

Hong Kong: Territory presents Beijing its New Year insurance wishlist

Hong Kong: Territory presents Beijing its New Year insurance wishlist

Concerned over Hong Kong losing out to other international insurance centres, Hong Kong‘s Financial Services Development Council (FSDC) has called for a “Life Insurance Connect” with mainland China to widen insurance distribution within the mainland and capture the opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Belt […]

Life sector forecast to enjoy around 15 golden growth years

Life sector forecast to enjoy around 15 golden growth years

China‘s life insurance industry is forecast to enjoy a golden growth period of around 15 years, Shanghai-listed stockbroking company Tianfeng Securities says in a research report.

World Bank suggests universal public long-term care financing system for China

World Bank suggests universal public long-term care financing system for China

Although there is emerging interest in private long-term care insurance in China, mostly in the commercial insurance sector, as a way to enable people to pay for services, it most likely will not work, says the World Bank in a report released yesterday.

Life sector‘s premium growth moderating but margins improving

Life sector‘s premium growth moderating but margins improving

Life insurers in China see premium growth moderating even as margins are improving, according to Moody‘s Investors Service in its just-released report, “Insurance — Asia-Pacific: 2019 Outlook”.

Industry honcho says risk management will drive new round of life insurance growth

Industry honcho says risk management will drive new round of life insurance growth

Risk management has become an important driving force in the new round of development in the Chinese life insurance industry, Mr Wan Feng, chairman and CEO of one of China‘s biggest life insurers, New China Life.

Multibillion $ deal for stake in insurer stuck in funding limbo

Multibillion $ deal for stake in insurer stuck in funding limbo

A proposed multibillion-dollar acquisition of a stake in one of China‘s biggest life insurers has been bogged down for over a year by uncertainty over funding.

Less than 2% of insurance salespersons earn more than US$52,000 a year

Less than 2% of insurance salespersons earn more than US$52,000 a year

A study by the Insurance Association of China indicates that low education levels, low retention rates and low incomes are restricting the healthy development of the insurance sales force in the country.