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Changes in Hong Kong stocks | Domestic insurance stocks generally rose in early trading, and the growth rate of total life insurance premiums continues to improve, and banking insurance is expected to deepen cooperation
Domestic insurance stocks generally rose in early trading. As of press release, China Taibao (02601) rose 3.64% to HK$21.35; China Taiping (00966) rose 3.18% to HK$8.77; Xinhua Insurance (01336) rose 3.08% to HK$16.72; and Ping An of China (02318) rose 2.86% to HK$41.4.
Allianz: China's insurance market will maintain an average annual growth rate of 7.7% over the next 10 years to consolidate its position as the world's second-largest insurance market
① In 2023, Asian life insurance premium revenue increased by 16.2%, making it the largest regional market in the world; ② In the past 10 years, the global market share of the US insurance market increased from 41% to 44% in 2023; ③ The Chinese insurance market will maintain an average annual growth rate of 7.7% over the next 10 years, thus consolidating its position as the second largest insurance market in the world.
China Taibao gave away “Shanghai Home Insurance” to the first batch of 642 large country craftsmen and Shanghai craftsmen
Recently, the China Taibao Association, together with the Shanghai Federation of Trade Unions and the Shanghai Regulatory Bureau of the State Financial Supervisory Administration, held a ceremony to present “Shanghai Home Insurance” to Shanghai craftsmen. At the ceremony, the first batch of 642 craftsmen from major countries and craftsmen from Shanghai received the “Shanghai Home Insurance” insurance policy from the Shanghai branch of China Taibao Insurance, a subsidiary of China Taibao. “Shanghai Home Insurance” is the first comprehensive urban comprehensive family insurance specially customized for Shanghai residents. It is an innovative exploration of “insurance+service”, with a total insured amount of 2.3 million yuan per policy. Moreover, “Shanghai Home Insurance” also provides citizens with value-added lifestyle services such as emergency unlocking, toilet dredging, legal advice, and home appliance cleaning. mid
Changes in Hong Kong stocks | Domestic insurance stocks are collectively declining, and the allocation value is still high following market adjustments due to dips
The Zhitong Finance App learned that domestic insurance stocks fell collectively. As of press release, China Taibao (02601) fell 3.93% to HK$20.8; China Life (02628) fell 2.72% to HK$11.44; and Xinhua Insurance (01336) fell 2.83% to HK$16.46. Donghai Securities believes that there has been a certain correction in the insurance sector recently, mainly related to market adjustments, but looking forward to the future, assets and liabilities will usher in multi-dimensional improvements. On the debt side, the continued decline in deposit interest rates is expected to further stimulate residents' demand for savings. The increase in production capacity by agents over the years of reform and transformation has achieved remarkable results, and at the same time, there are multiple channels
Express News | CITIC Construction Investment: It is recommended to focus on life insurance companies that continue to push forward channel reforms in the early stages and have high asset-side flexibility
China Pacific Insurance Elects New Supervisors
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