Five of the country's largest listed insurers saw their investment books impacted by stock losses in the first quarter this year due to strict Covid-19 lockdowns to curb the Omicron wave.
Ping An Insurance (Group) Company of China recently announced the launch of its ChinaBond Ping An Life Insurance ESG Integration Strategy Credit Bond Index.
The CBIRC has given approval to the newly established National Pension Insurance Company to commence operations, making it the 10th standalone pension insurer operating in China.
China's State Council released on 22 February a plan for the development of the country's eldercare services in its 14th Five-Year Plan period (2021-2025), in the latest phase of its national strategy to cater to the needs of an ageing population.
Seventy percent (70%) of respondents to a survey on elderly care and retirement financing in China say that they have yet to draw up their pension plan, due to ignorance or simply the lack of action, according to a bluebook published jointly by AIA and the Centre for International Social Security Studies(CISS) at Chinese Academy of Social Sciences(CASS).
China has released its latest medical security plan, issued by the General Office of the State Council, with the aim of benefiting people across all sectors of society.
The Chinese government has reiterated that it will promote private pension plans as it accelerates its efforts in developing a sustainable multi-tiered social security system that follows fair and uniform standards, according to the country's latest human rights action plan.
China Pacific Insurance (Group) (CPIC) has reported solid business performance in the first half of 2021. During the period, Group operating income amounted to CNY252.51bn, a growth of 7.2% year-on-year.
For helping his unit achieve excellent long-term performance via recruiting and giving lectures on business topics; for sharing his experience managing agencies and sales teams with less experienced sales managers; and for outstanding leadership which has seen many of his subordinates qualify for Million Dollar Round Table (MDRT).
For creating an online platform that facilitated the work and training of its agents; for upgrading its HR infrastructure to cope better with the challenges presented by the pandemic; and for upgrading it employee benefits services to make sure employees were well taken care of during the pandemic.
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