Globalsurance continues to see differing indications of the state of the health insurance industry in China. Most analysts concur that the country’s high-income earning population are not likely to buy comprehensive health insurance in the short term. Many of the health insurance companies that have invested in developing on-shore solutions for health…

November 8th marked the official re-branding of the AXA Minmetals Ultracare International Medical Insurance Plan in China with a new, updated name, ICBC AXA Ultracare. The move comes after the shift in the majority shareholding from Minmetals to ICBC. This change is only one of a few to have occurred in regard to the ICBC medical plan in China.…

American International Assurance Co. Ltd. (AIA) is set to form a long-term and strategic bancassurance partnership with the Industrial and Commercial Bank of China (ICBC) with the aim of becoming a more prominent player in the Chinese insurance market.

By selling about one third of its remaining stake in Industrial & Commercial Bank of China (ICBC) Ltd., Allianz SE the biggest insurer in Europe, has made a profit of US$545 million (EUR 400 million).