China Life P&C Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/china-life-pc/ Tue, 02 Jul 2024 12:11:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 China Life P&C H1 cumulative claim payment rose 12% to US$4.6bn https://insuranceasianews.com/china-life-pc-h1-cumulative-claim-payment-rose-12-to-us4-6-billion/ Tue, 02 Jul 2024 09:27:32 +0000 https://insuranceasianews.com/?p=157152 The P&C arm of the world's second-largest life insurer said the bulk of 2024 H1 cumulative claim payment came from motor insurance, as it settled US$88m in nat cat related claims.

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China Life Property & Casualty Insurance said cumulative claim payment for the first half of 2024 rose 11.7% from a year ago to CNY33.5 billion (US$4.6 billion), with claims from motor insurance a...

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]]> China’s ‘real estate development model 2.0′ keeps non-life insurers’ growth buoyant https://insuranceasianews.com/chinas-real-estate-development-model-2-0-keeps-non-life-insurers-growth-buoyant/ Mon, 15 Jan 2024 23:40:14 +0000 https://insuranceasianews.com/?p=144054 Government spending on affordable housing and public facilities will cushion insurers from the sector's downturn, sustaining the country's P&C premium growth of at least 7% for 2023 and 2024.

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Chinese government’s plan to bolster spending on affordable housing and public facilities, touted as the country’s “new model of real estate development”, should cushion the non-life insurance market ...

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