European business chamber calls for risk rating method tailored for bankassurers

Published on September 22, 2023
The Insurance Working Group (IWG) of the European Chamber in China has suggested that Chinese regulators adjust the 'related party transaction' indicators in insurers' risk ratings to reflect the
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Regulator to act further to reduce bancassurance fees

September 22, 2023
China's financial regulator, the National Administration of Financial Regulation (NAFR), plans to limit commission fees in bancassurance operations, in a move that could lead bancassurance fees to

PICC Life's new business value surges in 1H following removal of COVID-19 restrictions

September 22, 2023
China's removal of COVID-19 pandemic-containment measures has supported new business generation at life insurers in 2023, with PICC Life Insurance Company reporting strong growth in new business