Live Insurance News

US group makes insurance news in China with new disaster recommendations

September 1, 2015August 30, 2015 H. Cutner

An American business group has started to urge China to boost its coverage and service industry access. At the end of last week, an American business group made insurance news as it started urging China to boost its access to insurers as well as businesses from other service industries, as they claim that the boost of foreign skills could help the country to enhance its shaky stock markets and to be able to better cope with catastrophes such as the recent Tianjin chemical explosions. The group feels it would be…

Insurance news in China reveals intentions to invest in foreign real estate

September 5, 2013September 3, 2013 G. Turner

Experts have predicted that these Chinese investors will be making their main focus in large cities. The latest insurance news from China is that their insurance funds are now looking to make investments into properties into the biggest Asian cities outside of its own borders. The prediction is that there will be approximately $14 billion (USD) focused on real estate. This insurance news has indicated that the primary real estate markets could be the largest cities in Hong Kong, Malaysia, Thailand and Singapore. The insurance funds will be focusing on…

Insurance industry in China broke $1.18 trillion last year

January 25, 2013January 25, 2013 H. Cutner

Largest insurers in China have legal problems

The total assets within that country for that sector rose by 22.3 percent last year. According to data from the China Insurance Regulatory Commission, the total assets of the insurance industry in the country rose last year by 22.3 percent. The assets in 2012 increased to the point that they reached $1.18 trillion. This is the equivalent to 7.36 trillian yuan worth of assets in the Chinese insurance industry. The achievement that has just been announced represents the first time that the sector in the country broke the CNY 7…

Insurance industry news made with Ping An sale to CP Group

December 8, 2012April 30, 2013

The acquisition is reported to have been for a total $9.4 billion for a 15.57 percent stake in the insurer. The news has now been released that the Charoen Pokphand Group is taking its first steps into the insurance industry, with the acquisition of 15.57 percent of Ping An Insurance (Group) Company of China. The purchase of the stake in the Chinese insurer was from HSBC Holdings. The announcement from HSBC that it was involved in a negotiation for the sale of its share of Ping An was first made…

Insurance news from China shows it easing access for foreign investment

September 24, 2012April 30, 2013

The country is making it easier for companies from around the world to join the industry. According to an American business group, China has announced its latest insurance news by saying that its restrictions on foreign companies within that industry as well as in delivery and travel will be eased as a part of an effort to turn around the current plummet in foreign investors. Some of these efforts were revealed in talks between the United States and China last May. However, additional details are now being added at this…