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FACTBOX-How many people might die, and why, if China loosens COVID restrictions

by AIP Online Bureau | Dec 3, 2022 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

China could see 1.3 million to 2.1 million people die if it lifts its zero-COVID policy due to low vaccination and booster rates as well as a lack of hybrid immunity, British scientific information and analytics company Airfinity said on Monday. The company said it...
Yellen says appropriate for U.S. firms to assess China geopolitical risks

Yellen says appropriate for U.S. firms to assess China geopolitical risks

by AIP Online Bureau | Dec 1, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“ But we are seeing a range of geopolitical risks rise to prominence, and it’s appropriate for American businesses to be thinking about what those risks are.” said U.S. Treasury Secretary Janet Yellen Yellen also said China’s persistent...
China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, Non-Life, Regulation, Technology

The regulators also pushed Ant, whose businesses span payment processing, consumer lending and insurance products distribution, to revamp its business structure and bring it under tighter regulatory supervision Chinese authorities are poised to impose a fine of more...
Violent protests erupt at Apple’s biggest iPhone-making plant in China

Violent protests erupt at Apple’s biggest iPhone-making plant in China

by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Workplace/Employee Benefits

The Foxconn situation serves up another reminder of the dangers for Apple of relying on a vast production machine centered on China at a time of unpredictable policy and uncertain trade relations Hundreds of workers at Apple Inc.’s main iPhone-making plant in China...

Chubb receives regulatory approval to increase its Huatai stake to 83.2%

by AIP Online Bureau | Nov 19, 2022 | Eco/Invest/Demography, Intermediaries, Life, Non-Life

“China is currently the second largest insurance market after the United States. With an aging and more affluent society comes the growing demands for insurance and asset management products and services. We take a long-term view, and I am confident Huatai will...
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