Ping An Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/ping-an/ Mon, 15 Sep 2025 10:03:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Swedish Club expands in China with Ping An P&C strategic partnership https://insuranceasianews.com/the-swedish-club-expands-in-china-with-ping-an-pc-strategic-partnership/ Mon, 15 Sep 2025 08:41:48 +0000 https://insuranceasianews.com/?p=199997 Agreement enhances service delivery and broadens the ways members can access the club’s marine insurance and loss prevention services.

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The Swedish Club has signed a strategic partnership with Ping An Property & Casualty Insurance Company to strengthen its presence and service capabilities in China, the P&I Club said in a stat...

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]]> Chinese insurers turn to convertibles as Hong Kong shares surge https://insuranceasianews.com/chinese-insurers-turn-to-convertibles-as-hong-kong-shares-surge/ Sun, 14 Sep 2025 23:00:11 +0000 https://insuranceasianews.com/?p=199835 China Pacific Insurance has followed its peer Ping An into Hong Kong's booming convertible market.

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China’s large-cap insurers are becoming unlikely customers of Hong Kong’s booming convertible bond market amid a dramatic rally of Hong Kong-listed shares and sustained higher interest rates, accordin...

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]]> Chinese insurers surge ahead in global renewable premium race https://insuranceasianews.com/chinese-insurers-surge-ahead-in-global-renewable-premium-race/ Wed, 03 Sep 2025 10:23:09 +0000 https://insuranceasianews.com/?p=199119 People’s Insurance Company of China, Ping An Insurance, and Yingda Taihe Property Insurance added over US$200m in new renewable energy premiums between 2023 and 2024, according to Insure Our Future.

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Three Chinese insurers have captured more than US$200 million in new premiums from the global renewable energy insurance market between 2023 and 2024, according to a report by Insure Our Future.
It pu...

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]]> Ping An P&C H1 topline up 7%, COR down to 95.2% https://insuranceasianews.com/ping-an-pc-h1-topline-up-7-cor-down-to-95-2/ Tue, 26 Aug 2025 15:52:08 +0000 https://insuranceasianews.com/?p=198394 Chinese carrier’s premium income increased US$23.6bn.

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Ping An Property & Casualty Insurance reported higher premium income and stronger underwriting profitability in the first half of 2025, supported by improvements in its motor insurance business an...

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]]> Ping An P&C’s underwriting profitability better than domestic peer average: AM Best https://insuranceasianews.com/ping-an-pcs-underwriting-profitability-better-than-domestic-peer-average-am-best/ Mon, 19 May 2025 08:48:43 +0000 https://insuranceasianews.com/?p=190872 AM Best affirms an insurer rating of A (excellent) with a stable outlook.

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Ping An P&C’s underwriting profitability, taking into account its size and domicile, is better than the domestic peer average, AM Best said.
The firm has consistently delivered a double-digit retu...

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]]> Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1% https://insuranceasianews.com/ping-ans-pc-fy24-net-profit-up-68-to-us2bn-cor-improves-to-98-1/ Wed, 19 Mar 2025 11:25:01 +0000 https://insuranceasianews.com/?p=178916 Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.

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Ping An's P&C insurance revenue rose by 4.7% year on year to CNY328 billion (US$45.4 billion) in 2024, while its net profit grew by 67.7% year-on-year to CNY15 billion.
The Chinese insurer reporte...

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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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]]> Ping An P&C H1 underwriting profit rises 15.7% on improved liability business https://insuranceasianews.com/ping-an-story-to-come-here/ Thu, 22 Aug 2024 22:46:16 +0000 https://insuranceasianews.com/?p=161100 China's second-largest P&C insurer saw underwriting profit rise to US$49.5 million, as strong growth in its liability mitigated declines in its motor business, whose combined ratio was dampened by rainstorms.

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Ping An Property & Casualty reported a 15.7% increase in underwriting profit to CNY3.53 billion (US$49.5 million) for the first-half ended June of 2024, from CNY3.05 billion a year ago, thanks to ...

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]]> Nat cat risk pool, parametrics can improve China’s climate resilience: Ping An Insurance https://insuranceasianews.com/nat-cat-risk-pool-parametrics-can-improve-chinas-climate-resilience-ping-an-insurance/ Thu, 15 Aug 2024 22:18:00 +0000 https://insuranceasianews.com/?p=160558 In a jointly-issued report, China's second P&C insurer has put forward a range of recommendations on how authorities can work with the sector to mitigate disaster risks.

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Ping An Insurance has put forward a range of recommendations on how the government and the insurance sector can collaborate to improve the country’s climate risk resilience, citing a nat cat risk capi...

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]]> Ping An Insurance eyes US$3.5bn fundraise: report https://insuranceasianews.com/ping-an-insurance-eyes-us3-5bn-fundraise-report/ Mon, 15 Jul 2024 10:09:05 +0000 https://insuranceasianews.com/?p=158120 The insurer will raise the funds through a convertible bond offering, according to a Bloomberg report.

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Chinese insurer Ping An Insurance is looking to raise US$3.5 billion through a convertible bond offering, according to a Bloomberg report.
The proceeds of the offering will be used to further develop ...

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