Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
China's Insurance Industry Expects To Grow
Last update: 02/02/2018

KUALA LUMPUR, Feb 2 (Bernama) -- China's insurance industry is expected to continue to grow, with new rules on short-term life products and growth in non-motor property insurance.

A.M. Best senior financial analyst, Vivian Cheung†who gave this scenario†in a A.M.BestTV episode, said this would aid the market momentum.

"In 2016, the main factor driving growth in the China insurance sector was growth in the life insurance sector, which grew by a remarkable 36 per cent year over year.

"The growth was mainly driven by relaxation by the Chinese regulator on guaranteed investment returns, so that life insurers could offer more short-term products with investment returns that were more attractive than those offered by the banks," said Cheung.

For the non-life insurance sector, the growth was mainly coming from the non-motor segment, particularly the credit and liability sectors.

A.M. Best is the world's oldest and most authoritative insurance rating and information source.



Bank Islam Launches Sadaqa House
RAM Ratings Withdraws AmBank Islamic's Issue Rating

Ram Ratings Reaffirms Maybank Islamic's AAA/Stable/P1 Ratings

Axa Affin General Insurance Wins 5 Awards At World HRD Congress 2018
Life Insurance Industry Records Strong Growth In 2017

Provident Insurance's Credit Ratings Remain Unchanged - A.M. Best

US 3.9030/9080
S'pore 2.9544/9597
100 Yen 3.6507/6564
Sterling 5.4431/4521
Euro 4.8030/8104
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution