Several insurance industry players attended the "Insurance for All" Vision Meet held last week to craft a foundational framework that would guide the vision of achieving "Insurance for All" by 2047.
Steeper home insurance premiums have caused the number of Australian households experiencing home insurance affordability stress to rise by 30% to 1.6m in the past year, a new report published by the Actuaries Institute shows.
Ping An Insurance (Group) Company of China (Ping An or the Group) yesterday announced that it posted net profits attributable to shareholders of the parent company of CNY74,619m ($10,443m) in the first half of this year, 6.8% higher than in the corresponding half in 2023.
China's five major 'A'-share listed insurance companies have posted a combined premium income of CNY1.95tn ($2.74bn) in the first seven months, a year-on-year increase of 3.49%.
China's Big Three non-life insurers posted a combined premium income of CNY655.78bn ($91.87bn) in the first seven months of this year, an increase of 4.8% compared to the corresponding period in 2023.
China Pacific Property Insurance [CPPIC] will continue to report underwriting profits over the next two years, with a combined ratio of 96%-99% (on an IFRS 17 basis), estimates S&P Global Ratings [S&P].
One of China's biggest insurance groups, China Pacific Insurance (Group) [CPIC Group], could see its elevated large holding of high-risk assets heighten the Group's vulnerability to credit and market risk, in the view of S&P Global Ratings [S&P].
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the winners of the 20th Australian Insurance Industry Awards.
Shin Kong Financial Holding has agreed to merge with a smaller rival in a deal that sets up a takeover battle for Shin Kong with another suitor, CTBC Financial Holding Co, reports Bloomberg.
Mumbai-headquartered Central Bank of India (CBI), a state-owned bank, is the successful bidder for the acquisition of a stake in the life and general insurance units of debt-ridden Future Enterprises Ltd (FEL).