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The National Financial Supervisory Authority requires Insurance groups to maintain sufficient capital and liquidity buffers.
The General Office of the National Financial Supervision and Administration released the "Insurance Group Concentration Risk Regulatory Guidelines" last Saturday (8th), requiring insurance group companies to establish disclosure mechanisms for concentration risk information and emergency and mitigation management mechanisms. Insurance groups should Hold sufficient capital and liquidity buffers for concentration risks, and member companies should avoid excessive reliance on specific Assets, counterparties, clients, regions, or markets. The guidelines state that when significant risks from various types of concentration risks have already occurred or are expected to occur, potentially having a major impact on the group's liquidity, solvency, reputation, etc., the insurance group companies must develop emergency management and risk mitigation plans and strictly manage them.
China Pacific Insurance quickly responded to the landslide in Junlian, SiChuan.
On February 8th at around 11:50, a landslide occurred in Jinping Village, Mu'ai Town, Junlian County, Yibin City, Sichuan Province, burying several houses and trapping people. In response to this sudden natural disaster, China Pacific Insurance attached great importance, coordinating between life and property insurance, and launching a major disaster emergency response mechanism at the first opportunity. The local branch in Sichuan quickly established a disaster response leadership group and special work group, actively verifying information from various business channels, introducing nine emergency service measures, opening an emergency service hotline, and establishing a green claims process hotline, along with personnel injury claims, advances, and guarantee specialists and hotlines. Meanwhile, China Pacific Insurance Sichuan Yibin Central Branch.
China announces significant news about Gold! The National Financial Regulatory Administration: to launch a pilot program for Insurance funds to invest in Gold Business.
The China National Financial Supervision Administration announced on Friday (February 7) that in order to expand the channels for Insurance fund utilization, optimize the structure of Insurance Assets allocation, and promote insurance companies to enhance their asset-liability management capabilities, a pilot program for investing Insurance funds in Gold will be initiated.
China To Allow Insurance Companies To Invest In Gold
Express News | Zhao Yonggang was appointed as the Chairman of The Pacific Life Insurance Company.
CMB International: Maintains "Outperform the Market" rating for the domestic Insurance Industry, suggests paying attention to China Life Insurance (02628) during the equity upswing cycle.
Zhao Yin International expects that by 2025, the NBV growth rate of listed insurance companies will return to a mid-to-high single-digit to low double-digit level.