New China Life Insurance Reports Higher Premium Income

TipRanksNov 15 04:10 ET

Express News | New China Life Insurance Says Jan-Oct Accumulated Gross Premium Income up 1.8% Y/Y

ReutersNov 15 03:40 ET

New China Life Insurance: The premium income for the first 10 months was 155.632 billion yuan, a year-on-year increase of 1.8%.

On November 15, Glonghui reported that new china life insurance (601336.SH) announced that from January 1, 2024, to October 31, 2024, the cumulative original insurance premium income was 155.632 billion yuan, a year-on-year increase of 1.8%. At the same time, the company's product structure, business structure, and business quality continue to optimize, and the company's sustainable development capacity continues to enhance.

Gelonghui FinanceNov 15 03:35 ET

guolian: How has the investment strategy of insurance companies evolved?

The current insurance industry has established an investment strategy that primarily focuses on fixed income assets, supplemented by equities and other assets. In the first half of 2024, the insurance industry has allocated 9.3% to bank deposits, 47.5% to bonds, and 12.7% to stocks and securities investments.

Zhitong FinanceNov 15 03:29 ET

November 15 Insurance Daily | The Financial Regulatory Authority further enhances the level of financial services for the elderly! The trend of insurance funds picking up stakes resurfaces, with changes in the "bulk buying" logic!

The China Banking and Insurance Regulatory Commission has introduced 22 measures to further improve the level of financial services for retirees. The China Banking and Insurance Regulatory Commission recently issued the "Guiding Opinions on Further Improving the Level of Financial Services for the Elderly", putting forward comprehensive and systematic requirements for the financial industry to enhance the level of services for retirees, promote the development of the pensions industry, and effectively enhance the financial service level for the elderly. Experts believe that improving the level of financial services for retirees is an inevitable requirement to practice financial inclusiveness and actively integrate into the construction of an elderly-friendly society. The "Guiding Opinions" provide policy support and institutional guarantees for improving the level of financial services for retirees, optimizing traditional services.

Market newsNov 15 01:58 ET

Support insurance companies to increase the maximum insurable age and enhance the mobile app's aging-friendly upgrade. The new financial aging-friendly regulations have arrived.

1. The current supply of the third pillar financial products for retirement in China is still limited, with issues such as some retirement savings unable to be locked for retirement purposes, limited supply of retirement financial products, and the need to strengthen the diversity and accessibility of retirement insurance. 2. The guidelines propose increasing the research and development efforts of elderly financial products, supporting insurance companies to raise the upper age limit for insurance, and emphasizing the insurance protection needs of individuals aged 70 and above.

cls.cnNov 14 10:50 ET