China
China motor insurance market to rise 5.2% this year
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
China leads global industrial robot market for 11th straight year
In the last three years, 430,000 industrial robots were produced in China.
Walmart sells $3.7b stake in JD.com to focus on China ops
Walmart said it is shifting its focus to its own operations in China.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
China’s robotic surgical systems market to reach $250m by 2033
The country accounted for approximately 30% of APAC’s market share in 2023.
Yum China CFO resigns
He will serve as an advisor to the CEO until February 2025.
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
Southern China floods trigger 18,400 insurance claims
Estimated losses amounted to $86.66m.
Chinese insurers retrieve 18,400 claims for rain damages
Total claimed loss amounted to ~$86.9m.
China's insurance assets surge to $32t
The industry represents only 7% of China's total financial assets.
Japan’s interest rate rise offers lessons for China’s insurers
To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.
China's insurance premiums increase by 5.1% YoY
Year-to-date, the industry’s assets climbed 10.4%.
China’s LNG regasification segment dominates midstream projects
The 341 billion cubic feet Zhoushan III project will start operations in 2026.
China’s pension system reels 60 million new individuals
Presently, 762 products are offered in the new pension system.
Chinese insurers deem it wise to move to alternative investments
Analysts see new regulations driving a conservative shift as insurers seek stability amidst volatile markets.
China's long-term care insurance sees regulation overhaul
Since its launch, the scheme has covered 180 million people.
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Asian Experience Awards 2025 Winner: Eric Wong of Expereo International B.V. (Expereo Singapore)
Eric Wong, President APAC at Expereo Singapore, shares how Expereo Heroes initiative fosters teamwork and enhances customer service.
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Fluid licence on affiliated companies: An explorative strategy to consolidate Indonesia’s telecom industry