Chinese insurance intermediary Shouhui Group has cleared its listing hearing with the Hong Kong Stock Exchange (HKEX), moving a step closer to its mainboard initial public offering. The company, backed by Huatai International and CICC as joint sponsors, is best known for operating under the brand Xiaoyusan (literally 'Little Umbrella').
Recently, a severe hailstorm struck multiple areas in Beijing, with reports of hailstones exceeding 3cm in diameter and causing significant property damage. Ping An P&C, a subsidiary of Ping An Insurance, launched its emergency response plan, coordinating resources across risk control, claims, and product teams. The company mobilized over 2,000 personnel from 38 branch offices for remote support and dispatched 43 claims experts from provinces including Hebei, Shandong, Henan, and Liaoning to assist with disaster response.
These are the highlights for all events and updates across the industry this week.
The GAIP Insurance Innovation Competition 2025?is now global. In its third year, the competition is bringing together students from top universities worldwide to present their ideas in insurance innovation.
Mobile services, data and technology company FingerMotion, has announced that it will deploy and scale its proprietary AI-powered insurance risk rating platform in the Indonesian market.
GenAI could unlock around $2.1-3.2bn in economic value for African insurers, with opportunities across the value chain, according to an estimate by the global management consultancy McKinsey & Company.
The Executive Yuan of Taiwan has approved a draft bill that would give individuals the option to opt out from having their National Health Insurance (NHI) records used for nonmedical purposes according to a report in The Taipei Times.
Indian health insurance customers' expectations, driven by rapidly evolving digital mindset are rapidly changing according to a new survey by consumer insights firm Hansa Research.
Modern technological tools must be integrated into the insurance business in Arab markets, and operators have to exert greater efforts to deal with the challenges that emerge with the use of technology, said the General Arab Insurance Federation (GAIF) secretary-general Chakib Abouzaid.
A new integrated air, space and ground monitoring system to better detect and prevent major geological disasters has been rolled out by China.