Sunshine Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/sunshine-insurance/ Mon, 25 Aug 2025 06:21:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Sunshine P&C’s H1 COR improves to 98.8%; underwriting profit up 42% https://insuranceasianews.com/sunshine-p-underwriting-profit-up-42/ Mon, 25 Aug 2025 06:21:42 +0000 https://insuranceasianews.com/?p=198229 Beijing-headquartered insurer's GWP was US$3.5bn, up 2.5% year-on-year, as non-motor lines posted strong growth.

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Chinese insurer Sunshine’s P&C units’ underwriting profit for the first half of the year rose by 42.4% year-on-year to CNY289 million (US$40 million).
Its underwriting combined ratio in H1 FY25 wa...

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]]> SPCI to benefit from investments rejig, parent company support: Fitch Ratings https://insuranceasianews.com/spci-to-benefit-from-investments-rejig-parent-company-support-fitch-ratings/ Tue, 14 Jan 2025 05:41:28 +0000 https://insuranceasianews.com/?p=173424 Global rating agency affirms insurer rating at 'A-' (strong) with a stable outlook for the subsidiary of Sunshine Insurance Group.

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China’s Sunshine Property and Casualty Insurance (SPCI) would benefit from an investment portfolio rejig and strong support from its parent company, Sunshine Insurance Group (SIG), Fitch Ratings said....

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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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]]> Sunshine P&C’s FY 2023 COR improves to 98.7%, underwriting profit goes up 142.4% https://insuranceasianews.com/sunshine-pcs-fy-2023-cor-improves-to-98-7-underwriting-profit-goes-up-142-4/ Tue, 26 Mar 2024 07:43:40 +0000 https://insuranceasianews.com/?p=149428 While the group's P&C insurance revenue for the year increased 10.2% to CNY45.5bn (US$6.3bn), primarily due to non-motor business growth, net profit for the 12 month-period went down 36.1% to CNY978m, affected by a 49.5% decrease in investment income due to adoption of new accounting standard and volatile capital market.

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Sunshine Insurance Group’s P&C insurance revenue for the full year 2023 (FY 2023) increased 10.2% year-on-year to CNY45.5 billion (US$6.3 billion) versus CNY41.3 billion reported in FY 2022, accor...

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]]> Sunshine P&C Insurance to sustain underwriting profits, stable outlook: Fitch https://insuranceasianews.com/sunshine-pc-insurance-to-sustain-underwriting-profits-stable-outlook-fitch/ Thu, 01 Feb 2024 10:49:46 +0000 https://insuranceasianews.com/?p=145370 The P&C arm of listed Sunshine Insurance Group should be able to sustain profits in the near-term due to tighter risk selection and reduced guarantee business.

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China’s Sunshine Property and Casualty Insurance will be able to sustain its underwriting profits in the near-term on tighter risk selection and reduced guarantee business, Fitch Ratings said.
Combine...

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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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]]> Sunshine P&C’s H1 COR improves to 98.2%; boosts liability and cargo GWP https://insuranceasianews.com/sunshines-pc-h1-cor-improve-to-98-2/ Mon, 28 Aug 2023 02:34:22 +0000 https://insuranceasianews.com/?p=132757 The HK-listed and Beijing-headquartered insurer reduced guarantee insurance premiums by 45%, while liability premiums increased 41% and cargo by 215%.

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Sunshine Insurance Group’s P&C gross written premiums (GWP) for the first six months of 2023 (H1 2023) were Rmb21.93 billion (US$3 billion), a year-on-year increase of 5.1%, according to a Hong Ko...

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