The incidence and spread of diabetes has been described as a worldwide epidemic. Nearly 350 million people have the disease, and deaths as a result of diabetes are projected to rise by up to half in the next 10 years. By 2030, diabetes may be the seventh leading cause of global death, according to disease experts.
New data released this week by the China Insurance Regulatory Commission (CIRC) confirms what many industry analysts have already noted; that the Chinese market is fast becoming one of the most lucrative in the world and will continue to present distinct business opportunities. According to the latest CIRC figures, the total premium income reported by Chinese insurance companies' surpassed CNY 805.66…
Starr International, a Bermuda-based private insurance holding company, has acquired a 20 percent stake in the Chinese property insurer Dazhong Insurance Co Ltd.
In a recent announcement, Chubb Corporation shared the news that the China Insurance Regulatory Commission (CIRC) has approved Chubb Insurance (China) Company Limited, its wholly owned subsidiary, to establish a branch in Nanjing, Jiangsu Province, which will be opened by December this year once approvals from the other government authorities is received.
The China Insurance Regulatory Commission (CIRC) appears to be on the latest stages of discussions to ease the restrictions on some types of investments made by insurance companies in China. The proportion of the capital from insurance companies invested in the stock market will be increased to a 25 percent from the current 20 percent limit.