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picc group (01339.HK): Cui Li resigned as an independent non-executive director.
Gelonghui announced on November 18 that picc group (01339.HK) reported that due to personal work changes, Cui Li resigned from the positions of independent non-executive director of the company, chairman of the board of directors' nomination and compensation committee, member of the board of directors' strategy and investment committee, and member of the board of directors' related party transaction control committee.
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.
PICC Group Logs Higher Insurance Premiums for January-October Period
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.
picc group (01339) original insurance premium income for the first 10 months was 460.927 billion yuan, an increase of 4.8% year-on-year.
picc group (01339) announced that from January 1, 2024 to October 3, 2024...
The people's insurance (601319.SH): From January to October, the subsidiary China People's Property Insurance had original insurance premium income of 460.927 billion yuan.
On November 14, Ge Longhui reported that the People's Insurance (601319.SH) announced that the original insurance premium income obtained through its subsidiaries, the People's Property Insurance Company of China, the People's Life Insurance Company of China, and the People's Health Insurance Company of China, from January 1, 2024 to October 31, 2024, were RMB 460.927 billion, RMB 99.778 billion, and RMB 45.805 billion, respectively.
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