China
Chinese insurers shift to floating-return products amidst risks
Chinese insurers shift to floating-return products amidst risks
Its P&C sector is under strain due to market volatility.
China VC funding deals dips 12.6% YoY to $23.3b
It only recorded 1,761 VC funding deals.
Chinese travelers' search for int'l stay doubles for upcoming Golden Week
The second Golden Week of the year will commence from 1 to 7 October.
McDonald’s China propels digital transformation with strong API ecosystem management
McDonald’s China propels digital transformation with strong API ecosystem management
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
China leads global industrial robot market for 11th straight year
In the last three years, 430,000 industrial robots were produced in China.
Walmart sells $3.7b stake in JD.com to focus on China ops
Walmart said it is shifting its focus to its own operations in China.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
China’s robotic surgical systems market to reach $250m by 2033
The country accounted for approximately 30% of APAC’s market share in 2023.
Yum China CFO resigns
He will serve as an advisor to the CEO until February 2025.
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
Southern China floods trigger 18,400 insurance claims
Estimated losses amounted to $86.66m.
Chinese insurers retrieve 18,400 claims for rain damages
Total claimed loss amounted to ~$86.9m.
China's insurance assets surge to $32t
The industry represents only 7% of China's total financial assets.
Japan’s interest rate rise offers lessons for China’s insurers
To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.
China's insurance premiums increase by 5.1% YoY
Year-to-date, the industry’s assets climbed 10.4%.
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Awards
Feb
20
Event News
The food and grocery delivery company was honoured for its benefit programmes and working policies that support a diverse, equitable, and inclusive (DE&I) culture and work environment.
