Posted by: Sijia Xie on Sep 10 2010

In the first half of 2010, Chinese insurers had available capital of RMB 800 billion, up 33.6% compared with the same period of last year, China Securities Journal reported September 10 quoting China Insurance Regulatory Commission Vice Chairman Wei Yingning...

Posted by: Kiki.yang on Sep 06 2010

China Insurance Regulatory Commission (CIRC) will allow insurance companies to invest up to 10% of their total assets in commercial-use property development projects under temporary rules published on the regulator's website on September 5...

Posted by: Tom Telford on Sep 02 2010

Ping An Insurance (Group) (2318.HK, 601318.SH) will acquire 1.64 billion shares in Shenzhen Development Bank (SDB) (000001.SZ), raising its interest in the lender to 52.39% from 29.99%, according to a Ping An announcement on September 2...

Posted by: Emily Alitto on Aug 30 2010

China Pacific Insurance (Group) (CPIC) (2601.HK, 601601.SH) made net income of RMB 4.02 billion in the first half of the year, representing an increase of 66.8% compared to the same period last year, the company reported August 29...

Posted by: Sijia Xie on Aug 27 2010

China's insurers recorded total premium revenue of RMB 903.91 billion in the first seven months this year, up 33.2% annually, ce.cn reported citing data from the China Insurance Regulatory Commission.

China's insurance companies recorded total premium revenues of RMB 799.86 billion in the first six months of 2010, representing a 33.6% annual increase.

Posted by: Tom Telford on Aug 26 2010

China Life Insurance (NYSE:LFC, 2628.HK, 601628.SH) reported net income of RMB 18.03 billion in the first six months of 2010, up 7.4% year-on-year, in its first half financial statements released August 25...

Posted by: Tom Telford on Aug 25 2010

Ping An Insurance (Group) (2318.HK, 601318.SH) recorded net income of RMB 9.87 billion in the first six months of 2010, up 27.9% year-on-year, according to the insurer's interim report released August 24...

Posted by: Sijia Xie on Aug 23 2010

Standard auto insurance companies recorded losses of RMB 2.9 billion in 2009, the China Insurance Regulatory Commission (CIRC) reported August 23. The insurers generated premiums of RMB 60.5 billion in 2009 and claims incurred of RMB 47.2 billion, according to the report...

Posted by: Sijia Xie on Aug 18 2010

PICC Property and Casualty (2328.HK) recorded net income of RMB 2.65 billion in the first six months of this year, up from RMB 80 million the same period last year, PICC announced August 17. During the period, the insurer's net premiums grew 32.8% year-on-year to RMB 57.68 billion, while net claims increased at an annual rate of 29.3% to RMB 38.11 billion in the period, giving the company an underwriting profit of RMB 1.9 billion in the first half of 2010, compared with a loss of RMB 1.53 billion in the same period last year.

PICC recorded revenues of RMB 81.63 billion in the first half of 2010, representing an increase of 21.7% annually, which the company attributed mainly to the 27% year-on-year growth recorded by its motor vehicle insurance segment in the period...

Posted by: Sijia Xie on Aug 17 2010

Taiping Insurance (0966.HK) recorded net income of $603 million in the first six months of this year, up 9.7% year-on-year, the company reported August 17. The company's life insurance segment contributed net income of $356.68 million, up 5.6% year-on-year, while its reinsurance business profits shrank 36.6% year-on-year to $173.58 million, the report said...

Posted by: Sijia Xie on Aug 16 2010

China Pacific Insurance (Group) (CPIC) (2601.HK, 601601.SH) property insurance subsidiary took premiums of RMB 31.1 billion in the period, up 45.33% year-on-year, p5w.net reported August 16. China Pacific Life Insurance's premium income for the first seven months of 2010 reached RMB 54.8 billion, representing growth of 47.85% year-on-year when adjusted for changes in accounting standards last year, the report said.

CPIC's life and property insurance subsidiaries had recorded respective premium incomes of RMB 49 billion and RMB 27 billion by the end of June this year.

Posted by: Emily Alitto on Aug 13 2010

China Life Insurance (NYSE:LFC, 2628.HK, 601628.SH) recorded RMB 204.6 billion in aggregate premium income for the seven month period ending July 31, 2010, according to a company statement issued August 12.

The company previously reported aggregate premium income of RMB 183.6 billion for the six month period ending June 30, 2010.

Posted by: Emily Alitto on Aug 13 2010

Taiping Insurance (0966.HK) subsidiary Taiping Life Insurance recorded total premiums of RMB 21.35 billion in the seven month period ending July 31, 2010, according to a company statement issued August 12...

Posted by: Sijia Xie on Aug 12 2010

Ping An Insurance (Group) (2318.HK, 601318.SH) recorded total premium income of RMB 138.82 billion in the first seven months of 2010, up 31.79% year-on-year, reported cnfol.com August 12. For the month of July, the group recorded premium income of RMB 15.72 billion, up 22.7% year-on-year, according to the report...

Posted by: Tom Telford on Aug 12 2010

China Insurance Regulatory Commission (CIRC) has set the upper limit that insurers may invest in stocks and mutual funds to 25% of total assets, including a cap on mutual fund investments of 15% of total assets, according to an announcement by the regulator on August 11...