Regulator applies brakes on "unreasonable" terms in insuring new-energy vehicles

Published on January 26, 2024
The Property Insurance Supervision Department of the National Administration of Financial Regulation (NAFR) has issued a notice on the underwriting of new-energy vehicle (NEV) insurance.
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NAFR to look into easing barriers to foreign financial institutions' investments in mainland insurers

January 26, 2024
The National Administration of Financial Regulation (NAFR) will consider lowering the bar for foreign financial institutions to become shareholders of mainland insurers based on the principle of

AM Best revises Ocean Re’s outlooks to Positive and affirms Credit Ratings

January 26, 2024
AM Best has revised the outlooks to positive from stable of Ocean Re, a Barbados-based reinsurer, a move that recognizes its disciplined underwriting.The rating agency also affirmed the reinsurer’s Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long Term ICR) of “a-” (Excellent).“The Credit Ratings (ratings) reflect Ocean Re’s balance sheet strength, whic