China Continent P&C Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/china-continent-pc/ Mon, 31 Mar 2025 05:42:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 China Re’s P&C net profit up 69% to US$716m, COR deteriorates to 99.86% https://insuranceasianews.com/china-res-pc-net-profit-up-69-to-us716m-cor-deteriorates-to-99-86/ Mon, 31 Mar 2025 05:41:10 +0000 https://insuranceasianews.com/?p=180044 Net profit from domestic primary P&C insurance business quadruples to US$206m.

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Net profit for China Re's P&C reinsurance business rose by 69% to CNY5.2 billion (US$716.5 million) from CNY3.1 billion in FY23, according to the reinsurer's annual results.
Its COR rose by 0.33 p...

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]]> Tibet earthquake payments top US$60,000 from Chinese insurers https://insuranceasianews.com/tibet-earthquake-payments-top-us60000-from-chinese-insurers/ Thu, 09 Jan 2025 09:39:42 +0000 https://insuranceasianews.com/?p=173114 88 reports, with a total of 20 claims, have been made to insurers, including PICC, China Continent, China Taiping and Sunshine.

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Chinese insurers have paid compensation claims worth CNY453,000 (US$61,788) after a deadly earthquake struck in a remote part of western China on January 7, according to the regional financial supervi...

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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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]]> Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor https://insuranceasianews.com/chinese-pc-carriers-focus-on-agri-liability-offerings-in-acceleration-away-from-motor/ Wed, 06 Sep 2023 23:45:12 +0000 https://insuranceasianews.com/?p=133775 Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.

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Agriculture and liability insurance portfolios were the key growth drivers for Chinese property and casualty carriers in the first half of 2023, an analysis of the earnings reports of five leading Chi...

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]]> Chaucer’s COR turnaround propels China Re H1 results https://insuranceasianews.com/chaucers-cor-helps-propel-china-res-h1-profits/ Wed, 30 Aug 2023 23:45:36 +0000 https://insuranceasianews.com/?p=133110 The global specialty player benefited from rising rates and lower losses from catastrophes.

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China Re’s specialist (re)insurer Chaucer's combined operating ratio (COR) improved to 82.7% (UK GAAP: 86.5%) in the first six months of 2023 (H1 2023), a year-on-year decrease of 13.7 percentage poin...

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