Call Us +852 3113 1331
Dec
20

Chinese Insurers See Premium Income Growth Amid Mixed Markets

Despite mixed stock movements in China recently, Chinese insurance companies have seen premium income grow over last year's results, including China Life which recently begun trading in Hong Kong and Shanghai. China Life Insurance, China Pacific Insurance Group and Ping An Insurance Group, which includes Ping An Life Insurance, Ping An Health Insurance, Ping An Annuity and Ping An Casualty Insurance,…

Read more

Mar
29

China Pacific Delivers Good Results For 2010

China Pacific Insurance Group (CPIC Group), mainland China's third-largest life insurer, has posted a 16.3 percent increase in net profit for last year, up to 8.557 billion yuan (US$1.3 billion) from 7.356 billion yuan (US$1.1 billion) in 2009, as premiums expanded. CPIC Group's Announcement of Audited Annual Results reported income from the insurance business in 2010 at 139.56 billion yuan (US$21.27…

Read more

Sep
16

Merger of Ping An and Shenzhen Development Banks Cleared

Ping An Insurance (Group) Co. Ltd., listed on the Hong Kong Stock Exchange, has recently announced that its board of directors has approved the plan to merge Ping An Bank Co. with the Shenzhen Development Bank Co.

Read more

Sep
10

CIRC Allows Chinese Insurers to invest in Property & PE

China's insurance regulator, the China Insurance Regulatory Commission (CIRC), has laid out new rules allowing Chinese insurance companies to diversify their investment channels to include Private Equity and Real Estate. The new rules afford Chinese insurers the chance to invest up to 10 percent of assets in real estate, as well as investing a further 5 percent of assets into private equity investments…

Read more

Sep
06

Taiping Life Insurance Approved for New Provincial Branch

Chinese Insurer, Taiping Life Insurance Co., has been given approval by the China Insurance Regulatory Commission (CIRC) to set up its newest provincial branch in Hainan Province. With approval from the CIRC to open the new branch office, Taiping Life Insurance will now have 35 provincial branches throughout China. Hainan Province's insurance market brought in RMB 2.94 billion (USD 433 million) in…

Read more

Sep
01

China Life Aims to Expand Bancassurance Channel

China Life Insurance Company Limited (China Life), the largest life insurance company in China by premium, has started to shift its sales strategy towards the bancassurance distribution channels. As a first for the company, the bancassurance channel has contributed more than 70% of the company's insurance premiums for the first half of 2010, becoming a vital premium generator for the company.

Read more

Jul
09

Generali China Life Leading Foreign-Funded Life Insurers

Generali China Life Insurance Co. Ltd. is leading the pack of foreign-funded life insurance companies in China, after ranking no.1 for five consecutive months from the end of 2009 to April 2010. Generali China Life Insurance Co. Ltd. is a joint-venture company; 50 percent owned by Assicurazioni Generali S.p.A. (Generali) and the other 50 percent owned by China National Petroleum Corporation…

Read more

Jun
18

Chinese Insurance Companies continue growth in 2010

Three of China's largest insurance companies continue their strong growth in the first five months of 2010. China Life Insurance (CLI), Ping An Insurance Group of China (PAIGC), and China Pacific Insurance Corporation (CPIC) maintain…

Read more

Apr
29

Top Insurers in China Maintain Growth Impetus in Q1

Analysts predict that the top 3 Insurance giants in China, China Life Insurance (CLI), Ping An Insurance Group of China (PAIGC), and China Pacific Insurance Corporation (CPIC), will continue the growth momentum in Q1 of this year. The financial results will be released on the 30th of April.

Read more

Apr
13

Q1 Premiums of US$7.5 billion reported by Ping An Life Insurance Unit

Ping An Life Insurance Company of China Ltd (PALICC) reported accumulated written premiums of US$7.47 billion (EUR 5.5 billion) for the first of this year. PALICC is the life insurance unit of Ping An Insurance, which is second only to China Life Insurance (CLI), the Number 1 insurer worldwide by market value.

Read more