Insurance news from China shows expansion of health coverage

China Health Insurance agents

Chinese medical protection will be broadened to make sure that the sick can afford care. The latest insurance news from China is that the country has now announced that the national health coverage will be experiencing a notable expansion by bringing private insurers into the fold so that more major diseases will be covered. The goal is to shrink the mortality gap between urban and rural residents. It is also hoped that this will help to keep costs to a minimum. According to the Chinese health minister, Chen Zhu’s statement…

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Insurance news shows that China is a more challenging marketplace than anticipated

China Auto Insurance

The compulsory auto coverage has both advantages and drawbacks for insurers. The Chinese marketplace is a captive one, and though this would seem like it is positive insurance news, particularly for the insurers, themselves, it is coming with its struggles. Fitch Ratings has reported that this environment is leading to some surprising losses. Although the law in China requires all motorists to have a car policy, which should – in theory – dilute the risk that is associated with underwriting that coverage, the most recent insurance news numbers are showing…

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Accident insurance offered for free to disabled people in Beijing

Disabled Group Accident Insurance

Over four hundred thousand to benefit from this new group coverage. The Beijing Disabled Persons Federation has announced that the 410,000 people in the capital city of China who have a disability will be receiving free group accident insurance to help them to improve their quality of life. This program is a part of a greater improvement effort to the social security network in China. By offering accident insurance to the disabled individuals in the city, it is hoped that they will be better able to integrate with the rest…

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International insurance news from China shows new form of risk

China Auto Insurance

Drivers buying cars specifically for speed are increasing costs in the industry. Though international insurance news sources have estimated that the industry is worth about $50 billion for insurers in China, new rules are allowing foreign insurers to take their place in the country, as well, as they discover all new forms of risk that aren’t seen in other nations. Some consumers buy cars for speed and consider them disposable, even if they’re Ferraris. This risk is one of the major challenges faced by insurers from around the world –…

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