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  • August 1, 2014
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  1. China's insurers see chance in trade shunned by West

    Posted Apr 19th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Mainland insurers could take a bigger role in covering supertankers carrying crude oil from Iran to China when the European Union introduces tougher ... prices, experts said. The sanctions, which are being introduced to pressure Iran to curb its nuclear programme, will prevent Western marine mutual organisations insuring vessels chartered to carry ...

  2. News - China - SOCIAL WELFARE

    Teacher garners public sympathy after writing 'seditious' essays

    Posted Sep 17th 2012, 12:00am by Verna Yu

    ... more. Having no medical insurance from the state or his college, the 55-year-old fell into debt paying for his operation. Then he lost his job when his state factory-affiliated college closed ...

  3. [Life insurers go head to head]

    Posted Oct 08th 2005, 12:00am by Staff Reporter

    ... Life insurance, like almost everything else in the world of business, is a matter of calculating risks and rewards, and these must be assessed on a daily basis. Firms doing business in China can face completely unexpected obstacles and need to learn the intricacies of a different business environment. So, foreign insurance companies view any investment in China in terms of its ...

  4. Back down to earth with a bump

    Posted Feb 15th 2006, 12:00am by Greg Barns

    ... insurance companies, IAG. Last week, the company signed a memorandum of understanding to eventually acquire a 40 per cent stake in China Pacific Property Insurance, one of China's biggest insurers. IAG is expected to cough up A$350 million to A$450 million ($2 billion to $2.57 billion) to acquire an initial 25 per cent stake in China Pacific. It reflects IAG's eagerness ...

  5. Giant insurer taps into growth of IT outsourcing on mainland

    Posted Sep 12th 2005, 12:00am by Staff Reporter

    ... BIEN PEREZ The world's largest insurance firm, American International Group (AIG), is on the prowl for more business as information technology outsourcing expands in China. It is looking to sell for more professional liability insurance to IT service providers and software developers. But AIG only expects demand to grow if more small to medium-sized IT outsourcing ...

  6. PICC, partners to lift asset unit's capital to 800m yuan

    Posted Jul 27th 2006, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing PICC Property and Casualty Insurance, China's largest non-life insurer, and its partners plan to lift capital at their asset management firm to 800 million yuan from the current 100 million yuan. Mainland insurance firms have been establishing their own asset management companies to improve investment returns. At the end of last month, there were ...

  7. Insurer sails with the tide

    Posted Aug 20th 2005, 12:00am by Vicki Williams

    ... said Citic Prudential Life Insurance chief executive Captain Chia. The company recently opened two mainland offices, bringing its total to 10, and recruits are being taken on in Hong Kong, ... he said. The company sees tremendous opportunities for expansion in China because less than 3 per cent of the population have insurance, and the potential of a largely untapped market ...

  8. Business - Money - LISTINGS

    PICC builds listing base on 17 cornerstone investors

    Posted Nov 22nd 2012, 12:00am by George Chen, Ray Chan

    ... Ray Chan and George Chen Biggest mainland non-life insurer lines up 17 cornerstone investors in initial public offering to raise up to HK$27.8 billion PICC assembles broad base for Hong Kong IPO People's Insurance Co (Group) of China (PICC) has taken out some insurance on its planned initial public offering of shares in Hong Kong. The state-owned insurer has lined up ...

  9. Filling the gap

    Posted Nov 21st 2011, 12:00am

    ... of the country's 2010 decadal census report and since its release earlier this year economists, stock market analysts and insurance experts have been pondering how they will influence spending in the next ... projects that by 2050, there will be more than three people aged over 60 for every child in China. So far, though, only a quarter of the workforce has signed up for old-age insurance, according ...

  10. Business - China Business - INSURANCE

    PICC first-half net profit jumps 24pc on higher income from premiums

    Posted Aug 21st 2012, 12:00am by Angela Che, Bloomberg

    ... Property & Casualty, China's biggest non-life insurer, said first-half profit rose 24 per cent as premiums income increased and underwriting profitability improved. Net income climbed to 6.53 billion yuan (HK$7.98 billion) from 5.3 billion yuan a year earlier, the Beijing-based insurer said. Premiums growth and controls on claims and expenses helped offset the impact ...




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