New capital measures for insurers to release estimated funds of at least US$27.5bn into stock markets

Published on September 15, 2023
The National Financial Regulatory Administration's (NAFR) new measures to encourage the insurance sector to invest in the domestic stock markets are expected to free up around CNY200bn ($27.5bn) from
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China's revised capital rules reduce burden on insurers

September 15, 2023
China's reduced capital charges for specific investments and amended solvency calculation will relieve insurers' capital burden and enhance stability in the reported solvency ratios, as the sector

USAA appoints Tom Troy as Chief Transformation Officer

September 15, 2023
USAA, a provider of insurance, banking, and investment and retirement solutions to members of the U.S. military, has appointed Tom Troy as its Chief Transformation Officer, effective September 25th 2023.In the newly created role, Troy will lead USAA’s transformation initiatives and corporate development team. He will be reporting to Chief Executive Officer (CEO), Wayne Peacock.Prior to this, Troy