China Insurance Monthly Report – April 2009

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China Insurance Monthly Report – April
2009
China Insurance Monthly Report, a monthly English review
co-operated by Chinadaily.com.cn and
ResearchInChina.com, brings you the latest news, policies,
analysis and statistics on China's insurance market and
much more.
With China Insurance Monthly Report, you can take a close
look at the up-to-date market news, detailed government
policies, in-depth analysis, statistics, information on the
presence and performance of domestic insurance
companies and their overseas counterparts.
Table of content
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OVERSEAS BULLETIN
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AXA-Minmetals launches new brand campaign
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AIA China to increase sales force by 15%
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ERGO studies JV plan in China
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Sanofi sees acquisition opportunities in China
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LATEST EVENTS
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PICC Group reshuffles top management
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Taikang wins major railway annuity manager bids
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Urban pension insurance to cover 223m Chinese by 2010
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China Coal Insurance halts operations for overhaul
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PICC Property says AIG has no intention of selling its shares
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Major Chinese insurers cut high-level investment jobs
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Taikang Life eyes pension business
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Aviation giant signs with several insurers to cut costs/risk
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Sunshine pays out 1m yuan in Shandong bus accident
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Union Life replenishes capital to 1.5b yuan
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Insurance plan encourages investors at midday
Jiangxi to offer 40m yuan in subsidies to expand farm insurance
Insurers speed up payment of HFMD claims
Grieved tourists leave Taiwan after crane crash kills friends
ABC branch banned from selling insurance products
AXA-Minmetals Assurance fined for illegal transaction
Economic census to be monitored
BoCom aims for insurance, brokerage business
Chinese insurers to compensate on swine flu
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FOCUS on PING AN
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Ping An Insurance 2008 net profit down 94.4%
Ping An shares soar on upbeat outlook
Ping An debuts low-rate participating insurance plan
Ping An promotes kidnap and ransom insurance
Ping An pays 2m yuan in helicopter crash
China’s first tort liability insurance product unveiled
Fortis asset sale may not impact Ping An
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NEW PRODUCTS
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Allianz releases two new bancassurance products
Cathay Life launches new endowment plan
PICC Property approved to sell vehicle insurance by phone
Union Life rolls out another new product
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New China Life partners with ABC to promote new product
Taikang Life announces long-term health product
Great Wall Life promotes comprehensive insurance for kids
Travel losses to be reimbursed under new AIU policy
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FOCUS on HEALTH CARE REFORM
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China steps up reforms to improve health care
Health reform to boost economy
Govt capable to guarantee investment for health care reform
Plans follow WHO principles
Businesses ready for health care plan
The right prescription
Docs head to hamlets in health care reform
Rural health care gets cash boost
Licensing health care
Economic planning agency to support rural health care reform
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CHINESE ECONOMY
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China’s economy to bottom out in mid 2009: WB
China exports fall at slower pace in March
China’s foreign reserves hit $1.95 trillion
China to keep relaxed monetary policy
Profit squeeze, tax cuts hit Q1 revenue
Report: Cities grow fastest, but competitiveness still low
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FDI in China declines 20.6% in Q1
China’s economy ‘better than expected’
China now 5th largest gold holder
China moves up competitiveness ranking
China’s energy intensity down 2.9% in Q1
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FROM THE WATCHDOG
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Insurers to fund infrastructure projects
Guangzhou slashes insurance premiums
Insurance groups must screen risks
Executives told to cut their pay
Injury insurance to cover retirement home tenants
Banks get go-ahead for insurance arms
CIRC: Yes to instant payouts, no to misleading
Shanghai tightens bancassurance supervision
Hong Kong mulls wider bank deposit insurance cover
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ANALYSIS
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Insurance industry feels downward pinch
New policies to boost insurers’ profits
Insurers’ investment return up 41%, but still weak
Pension reforms ‘need to gather pace’
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STATISTICS
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China Pacific Insurance net profit down 81% in 2008
China Pacific Insurance posts loss in Q4
Huaxia Life’s Q1 earnings surge
PICC Property 2008 net profit down 98%
China’s top 3 insurers post mixed Q1 premium income
Jiangsu tops nationwide in premiums
China Life premium income grows in Q1
China’s insurance premium income up 10% in Q1
Taikang exceeds China Pacific Life in Q1 premiums
Urban pension insurance covers 220m Chinese
China Life net profit up 55% in first quarter
China Reinsurance makes profit in Q1
China Pacific Insurance Q1 profits shrink 88%
Insurers hike Q1 stock holdings by 19%
January-March insurance industry figures
January-March figures of pension companies
January-March premiums of life insurance companies
January-March premiums of property insurance companies
January-March premium income of all regions
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APPENDIX Human rights: China putting its people first
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Publication date: May 2009
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