Accelerating the development of the insurance industry will help improve China's financial market structure, optimise the allocation of financial resources, and enhance the stability of the financial system, a top Chinese regulatory official has said.
Five major A-share insurance companies in China have posted a combined premium income of CNY1.46tn ($200.75bn) for the first five months of this year, a year-on-year increase of 2.19%, according to statements filed with the stock exchange.
The life insurance industry in China has entered a "Three low's" stage of low interest rates, low returns, and low solvency, with small and medium-sized companies in particular under heavy pressure.
Chinese insurance giant China Life has made direct investments exceeding CNY1tn ($138bn) in the integrated development of Beijing, Tianjin and Hebei.
A senior member of China's highest political advisory body has called for long-term care insurance to be made compulsory.
FWD Hong Kong has launched the Easy WealthPlus Endowment Plan, which guarantees an 8-year maturity return of up to 4.0% per annum, along with life protection.
New NRMA Insurance research has highlighted the mental health impacts of Australia's changing climate, with 80% of Australians surveyed stating they feel anxious about the impact of extreme weather.
The Central Administrative Court has dismissed a THB40bn ($1.09bn) lawsuit against the Office of the Insurance Commission (OIC) by Syn Mun Kong Insurance Public Company, according to an OIC statement.
Cancer has remained the No. 1 cause of death in Taiwan in 2023 for the 42nd consecutive year in 2023 with lung, liver and colon cancer the most common types, according to the Ministry of Health and Welfare (MOHW) said.
HelpAge India, a charitable organisation catering to the elderly, has issued a report highlighting the lack of age preparedness, especially among the 'missing middle', who do not fall under most government schemes and have meagre savings for their later years.