China Pacific Insurance (Group) Co Ltd (CPIC),China's third largest insurer, has no plans to raise money from the capital market in the foreseeable future, chairman Gao Guofu said on Monday.
China Pacific Property Insurance Co Ltd (CPIC property) has set up its branch office in the Huaqiao International Service Business Park under the approval of the China Insurance Regulatory Commission. This is the first insurance company branch office to be set up in a district of China.
US insurer Liberty Insurance Co is fully prepared for China's opening-up of the compulsory third-party liability automobile insurance market.
China Life Insurance (Group) Company said Tuesday that Yang Mingsheng, former vice chairman of China Insurance Regulatory Commission (CIRC), was appointed as the company's new president.
Administrators at State-owned insurance companies have been brought under higher-level supervision.
Ping An Insurance said its net profits last year rose 12.5 percent year-on-year to 19.48 billion yuan.
A new Taiwan-funded property insurance firm opened in the Chinese mainland's city of Chongqing on Wednesday.
Companies operating overseas have to deal with more than just business matters.
Companies operating overseas have to deal with more than just business matters.
A deposit insurance network will be establish this year as part of the government's efforts to promote market-based interest rates, Ma Jing, governor of the Guangzhou branch of the People's Bank of China, said on Friday.
China will continue to improve medical services in rural areas and annual subsidies provided by governments at all levels will reach 240 yuan ($38) per person in 2012, the Ministry of Health (MOH) said at a press conference Monday.
Chinese insurance companies' premium income topped 189.2 billion yuan ($30.02 billion) in January, up 10.19 percent from a year earlier, the China Insurance Regulatory Commission (CIRC) said Monday.
People covered by the rural medical insurance system can now be reimbursed up to 60,000 yuan ($9,500), a senior official said on Monday. That's a 10,000 yuan ($1,570) increase over last year's maximum.
China will raise government subsidies for health insurance offered to farmers and non-working urbanites to over 360 yuan ($57) per person per year by 2015, an increase of 80 percent.
China will raise government subsidies for health insurance offered to farmers and non-working urbanites to more than 360 yuan ($57) a year by 2015.
China will raise government subsidies for health insurance offered to farmers and non-working urbanites to more than 360 yuan ($57) a year by 2015.
China's decision to allow foreign insurers offer mandatory auto insurance may help local players with "more timely" government adjustments to the base rates for such policies.
The local government is investigating allegations of insurance fraud against a private hospital in Zhengzhou, capital of Central China's Henan province.
Chinese Vice-President Xi Jinping said China would open up the third party liability auto insurance market to foreign companies.
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