Chinese insurance industry welcomes insurers from other countries

china insurance industry

A recent keynote speech from President Xi Jinping pointed out that its economy would be opening up into the future. Chinese President Xi Jinping gave a keynote speech at the APEC CEO summit, in which it was revealed that the insurance industry – and other parts of the country’s economy – would soon be welcoming a greater amount of foreign investment moving ahead. The country will be opening up its doors to the rest of the world to a larger degree and limits will be reduced. According to Xi, when…

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Insurance news reported by Allstate with Q4 earnings reveal

Allstate insurance company

The massive insurer has announced the date on which it will be discussing its figures with investors. The Allstate Corporation is already making insurance news merely with the announcement of the date and time in which it will be discussing its fourth quarter 2013 earnings with its investors over conference call and webcast. The announcements and data release will be occurring at 9 a.m. (ET) on February 6, 2014. On the day before, February 5, an insurance news release will be issued at 4:05 p.m. (ET) in order to announce…

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Despite disasters, global insurance industry sees only modest rate hikes in 2011

This year, the global insurance industry saw more than $100 billion in insured losses due to natural disasters. Normally, losses are accompanied by rate increases, but many insurers have not been raising premiums as much as analysts and consumers had expected. The fact that insurers have issued only modest rate hikes throughout the world has had a profound impact on the investment business. Investors are now having trouble figuring out which companies are good targets for the 2012 fiscal year, as many have emerged from 2011 catastrophes will healthy capital…

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