Tag: Insurance

Managing Health Care Costs in the Asia Pacific

The 2016 Global Medical Trends Survey draws on responses from 174 leading medical insurers, of which 45% are from Asia Pacific. The survey results show the cost of health care benefits is projected to increase by 7.9% in 2016. The...

/ May 10, 2017

The Pulse of China’s Healthcare

The Chinese healthcare sector, which accounted for 6 percent of the country’s GDP in 2016, is expected to capture a 10 percent share in the coming years. Racing to establish a modern system of coverage, services, and products to accommodate...

/ April 12, 2017
Tianjin port

Tianjin Explosions May Spur Billions in Insurance Claims

By Lauren Dodillet A series of blasts in Tianjin on August 12th may cue billions of dollars in insurance claims. The explosions rocked the world’s third-largest port last Wednesday and burned into the weekend, the result of currently unknown circumstances...

/ August 20, 2015

Anbang Adds $1 Billion Korean Company to its Conquests

By Ellen Huber China’s state-owned Anbang Insurance Group Co. Ltd. has signed a memorandum of understanding to acquire a 57.5 percent stake in South Korea’s Tong Yang Life Insurance Co. for about 1.1 trillion Korean Won ($1.01 billion), according to...

/ February 6, 2015

China’s Property and Casualty Insurance Market Set to Take Off

China’s insurance market is expanding steadily, and foreign companies must build up their operations to remain competitive. by Eric Zheng At a property insurance policy meeting in Shanghai, an insurance company representative asked a policy holder whether he would renew...

/ April 1, 2011