Archive

Insurers still backing fossil fuels despite climate crisis, Insure our Future warns

Fossil fuel underwriting earned the industry around $21.3bn in 2022, according to consultancy Insuramore

CBIRC warns insurers on risk management

China regulator criticises four firms' C-Ross Phase II reports

CBIRC says it will enforce accuracy of solvency data

Chinese life solvency falls in Q1 despite use of transitional rules

Sales to weaken in 2022 as pandemic lockdowns persist

C-Ross Phase II: risk-based capital with social characteristics

The overhaul of China's prudential rules has introduced adjustments that allow regulatory influence over how insurers underwrite and invest - with the objective of producing a social good, as David Walker reports

China's insurers covered $50bn of "ice and snow" risks in lead-up to Olympics

CBIRC approved 30 policy clauses specifically for the Games in February

Lloyd's predicts stable solvency in China as C-Ross Phase II begins

Practitioners expect volatile solvency levels elsewhere in China

MS&AD tightens coal policy

It follows similar announcements by four Korean insurers

China consults on foreign insurer rules

CBIRC also names underwriters for various regulatory breaches

PICC P&C slashes credit insurance as Covid-19 bites Chinese economy

Other lines of non-life work help Chinese insurer record overall underwriting profits