by AIP Online Bureau | Dec 9, 2021 | International News, Non-Life, Reinsurance
Motor insurance, which accounted for 63% of non-life direct premiums in 2019, decreased significantly to 54% as of September 2021. With the combined impact of the economic fallout from the COVID-19 pandemic during the first half of 2020, and the implementation of the...
by AIP Online Bureau | Dec 2, 2021 | International News, Life, Non-Life, Policy, Regulation
The move is aimed at curbing risk in the sector and pushing insurance groups “to focus on the core business, strengthen their equity investment management … and to curb disorderly expansion of capital,” the China Banking and Insurance Regulatory Commission...
by AIP Online Bureau | Nov 30, 2021 | Eco/Invest/Demography, Facts, Policy, Technology, Workplace/Employee Benefits
In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms. It also said anti-monopoly measures will be stepped up against such companies and a “disorderly expansion of capital” will be prevented in the sector.The...
by AIP Online Bureau | Nov 21, 2021 | International News, Life, Policy
Many foreign financial institutions are looking to expand their onshore presence in China, taking advantage of a relaxation of ownership restrictions for foreign players in the asset management, insurance and securities broking sectors. Allianz said on Wednesday that...
by AIP Online Bureau | Nov 20, 2021 | International News, Regulation, Risk Management, Technology
In December last year, it fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan each for not reporting past deals properly for antitrust reviews, the first time it had ever done so. BEIJING: China’s market regulator on Saturday said...
