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The National Financial Regulatory Administration: In the first quarter, the insurance industry premium income increased by 0.9% year-on-year.
The National Financial Supervisory and Administration Bureau released data on the operating situation of the Insurance Industry for March 2025, indicating that in the first quarter, the direct premium income of the mainland Insurance Industry was 2.17 trillion yuan, a year-on-year increase of 0.93%. Among this, property Insurance premium income amounted to 386.7 billion yuan, and life Insurance premium income was 1.79 trillion yuan. During this period, in terms of claim payouts, the total claim payout for direct Insurance was 827.4 billion yuan, with property Insurance payouts at 212.5 billion yuan and life Insurance payouts at 614.9 billion yuan. By the end of the first quarter, the total Assets of Insurance companies were approximately 37.84 trillion yuan, representing a year-on-year increase of 15.17%, with net assets.
It is reported that the mainland will reduce the prescribed interest rate for personal insurance products as early as September.
The expert consultation committee for the evaluation interest rate of life insurance liability reserves has announced that the current research value for the expected interest rate of ordinary life insurance products is 2.13%, which is 37 basis points lower than the current expected rate, marking the first time the difference has exceeded 25 basis points. According to insiders quoted by the Daily Economic News, if the research value remains below 2.25% in July, the products with an expected interest rate of 2.5% may be adjusted downwards as soon as September. Mainland insurance expert Long Ge stated that the reduction in the expected interest rate aims to decrease the risk of interest margin losses and promote high-quality development in the industry, while reminding to be wary of "炒停售" behaviors.
Express News | Li Zhuyong has officially taken office as the Vice Chairman and President of China Life Insurance Group.
This week's Hong Kong stocks bull | Biotechnology stocks are strong, Recent IPOs company Yingen Biotechnology surged over 111% this week; gold prices continue to hit new highs! Chifeng Jilong Gold Mining skyrocketed nearly 37% during the week.
This week, the Hong Kong stock market showed a mixed trend, with technology stocks appearing somewhat sluggish. As of Thursday's market close, the Hang Seng Index increased by 2.3% for the week, closing at 21,395.14 points; the Hang Seng TECH Index fell by 0.27%, closing at 4,887.37 points.
April 16 Insurance Daily | Four departments issued the overall Statistics system for the financial "Five Major Articles," with Insurance capital accelerating its layout for long-term Stocks investment pilots.
On April 15, the People's Bank of China announced that recently, the People's Bank of China, in conjunction with the Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange, jointly issued the provisional overall statistical system for the "Five Major Articles of Finance".
[Brokerage Focus] China Securities Co.,Ltd.: The logic of dividend asset allocation is expected to continue and may enhance the long-term investment performance of insurance companies.
Jinwu Financial News | China Securities Co.,Ltd. Research Reports indicate that on April 8, the Financial Supervisory Commission issued a notice regarding adjustments to the regulatory ratio of Insurance funds' equity assets. The notice raises the upper limit for equity asset investment ratios by 5 percentage points for insurance companies with comprehensive solvency ratios of 150%-200%, 250%-300%, and above 350%, thereby broadening their equity investment space. In the context of declining long-term interest rates and insufficient high-quality non-standard supply, it is reasonable for insurance funds to increase their allocation to equity assets to enhance long-term returns, with high dividend strategies potentially becoming an important allocation direction. In the long run, insurance companies need to promote liabilities.