Insurance

Cathay Lujiazui Life Gets Capital Injection From Main Shareholders Following Rapid Business Expansion

Cathay Lujiazui Life Gets Capital Injection From Main Shareholders Following Rapid Business Expansion

Cathay Lujiazui Life Insurance Co., the first Chinese mainland-Taiwan joint venture life insurance firm, achieved rapid business growth following the…

Dec 7, 2017
Yang Qianwen
Insurance Original Premium Income Climbs 21% in the First Nine Months, CIRC Reports

Insurance Original Premium Income Climbs 21% in the First Nine Months, CIRC Reports

China’s insurance industry registered original premium income of USD450 billion (CNY3 trillion) in the first nine months, increasing by 21…

Nov 21, 2017
Liao Shumin
China's Insurance Funds Used in First Three Quarters Hit USD2.22 Trillion

China's Insurance Funds Used in First Three Quarters Hit USD2.22 Trillion

China's insurance funds used in the first nine months of this year amounted to CNY14.6 trillion (USD2.2 trillion), up nearly…

Nov 21, 2017
Xu Wei
China’s Insurance Watchdog Reprimands Three Firms for Selling Non-Compliant Products

China’s Insurance Watchdog Reprimands Three Firms for Selling Non-Compliant Products

The China Insurance Regulatory Commission (CIRC) has punished Great Wall Life Insurance Co., BoComm Life Insurance Co. and ABC Life…

Nov 21, 2017
Xu Wei
China Invests USD27 Billion of Its Endowment Insurance Fund

China Invests USD27 Billion of Its Endowment Insurance Fund

Beijing, Anhui and seven other Chinese regions have signed contracts with the China’s National Council for Social Security Fund…

Nov 1, 2017
Xu Wei
China’s Insurance Regulator Dismisses Speculation It Will Reinstate Industry Qualification Exams

China’s Insurance Regulator Dismisses Speculation It Will Reinstate Industry Qualification Exams

Online speculation that the China Insurance Regulatory Commission will resume its qualification test for insurance agents is just a rumor, the regulator said yesterday.

Oct 24, 2017
Dou Shicong
Baidu Finance Unit Takes Over Insurance Broker in Heilongjiang

Baidu Finance Unit Takes Over Insurance Broker in Heilongjiang

A financial platform run by Chinese Internet giant Baidu Inc. [NASDAQ:BIDU] has bought out an insurance broker based in Northern…

Oct 20, 2017
Dou Shicong
Chinese Couriers Unite to Found Specialist Logistics Insurer Zhongbang

Chinese Couriers Unite to Found Specialist Logistics Insurer Zhongbang

A group of Chinese logistics firms and a finance company are partnering up to form Zhongbang Logistics Insurance Co. with…

Oct 16, 2017
Liao Shumin
China’s Insurance Regulator Okays Tencent’s Insurance Intermediary

China’s Insurance Regulator Okays Tencent’s Insurance Intermediary

Shenzhen-based Weimin Insurance Agency, founded by Chinese internet giant Tencent Holdings Ltd. [HKG:0700] and Taiwan’s Fubon Financial Holding Co., has…

Oct 12, 2017
Dou Shicong
CIRC Restricts Five Firms’ Related-Party Transactions for Six Months

CIRC Restricts Five Firms’ Related-Party Transactions for Six Months

The China Insurance Regulatory Commission (CIRC) has halted several key deals between five insurance companies -- Pearl River Life Insurance Co.,…

Oct 12, 2017
Xu Wei
The USD1.5 Billion Fund CIRC Invested in Beijing-Shanghai Express Railway Is Profitable, It Says

The USD1.5 Billion Fund CIRC Invested in Beijing-Shanghai Express Railway Is Profitable, It Says

The CNY10-billion (USD1.5-billion) insurance fund that China Insurance Regulatory Commission invested in construction of the Beijing-Shanghai Express is profitable, state-owned…

Sep 28, 2017
Xu Wei
Attorneys General of US States Urge Insurers to Add Acupuncture for Pain Treatment

Attorneys General of US States Urge Insurers to Add Acupuncture for Pain Treatment

Attorneys general of 35 US states, Washington DC and the US territory of Puerto Rico recently wrote a joint letter…

Sep 28, 2017
Xu Wei