Shanghai Insurance Exchange launched to facilitate trade of insurance and its derivatives (Shanghai Municipal Government)

Edit Public Technologies 13 Jun 2016
Shanghai Insurance Exchange launched to facilitate trade of insurance and its derivatives ... With an initial registered capital of 2.24 billion yuan (US$341 million) contributed by 91 companies, the exchange will facilitate trading of insurance and insurance derivatives, with a focus on international reinsurance, shipping insurance, mega insurance deal bidding and special risk insurance....

BRIEF-China Life Insurance to invest more than $500 million in Didi Chuxing- CNBC, citing DJ

Edit Reuters 13 Jun 2016
* China Life Insurance to invest more than $500 mln in Chinese ride hailing service Didi Chuxing as part of funding round- CNBC, citing DJ Source text . (http.//on.wsj.com/1WKFz9u) (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780) ....

China Life Insurance To Invest In Ride-Hailing Firm Didi Chuxing

Edit Wall Street Journal 13 Jun 2016
China’s top life insurer, China Life Insurance Co., is making a big investment in Didi Chuxing Technology, the country’s $25 billion homegrown competitor to Uber Technologies Inc., despite already investing in UberChina ... ....

China Life Insurance invests $600 million into ride-hailing app Didi Chuxing

Edit Reuters 13 Jun 2016
(Reuters) - Chinese car-hailing app Didi Chuxing said it received an investment of approximately $600 million from China Life Insurance Co Ltd . ....

China Life Insurance invests $600 mln into ride-hailing app Didi Chuxing

Edit Reuters 13 Jun 2016
June 13 (Reuters) - Chinese car-hailing app Didi Chuxing said it received an investment of approximately $600 million from China Life Insurance Co Ltd. ....

Hold hearings on insurance rate increases

Edit Pittsburgh Tribune Review 13 Jun 2016
In March, representatives from Put People First PA, an advocacy group for people struggling to meet their basic needs, met with the head of the ... ....

UPDATE 1-China's Uber rival Didi Chuxing raises $600 mln from China Life Insurance

Edit Reuters 13 Jun 2016
* Battle with Uber for control of China ride-failing market (Adds details of deal, industry context) ....

Solvency system insures city's status (Shanghai Municipal Government)

Edit Public Technologies 13 Jun 2016
Shanghai's status as a global insurance center will rise following the Chinese insurance sector's shift to a risk-based solvency system and deeper reforms in the bond market, AIA Group CEO and President Mark Tucker told Shanghai Daily yesterday ... The C-ROSS sets minimum capital requirement based on insurance, market and credit risks augmented by measures to enhance insurers' internal management of capital and liabilities....

Shanghai launches insurance exchange to boost hub ambition (Shanghai Municipal Government)

Edit Public Technologies 13 Jun 2016
With an initial registered capital of 2.24 billion yuan (US$341 million) contributed by 91 companies, the exchange will facilitate trading of insurance products and insurance derivatives. It will focus on international reinsurance, shipping insurance, bidding for mega insurance deals and special risk insurance ... The exchange will help local businesses align with global insurance practices and channel risks outside the insurance market....

AIG ends insurancy policy against head injuries with NFL

Edit New York Post 13 Jun 2016
The New York insurance giant has stopped insuring NFL players against head injuries as the dangers of concussions became apparent even though it continues to play up its ties to the game, The Post has learned. “They exclude coverage for head injuries,” said a source familiar with the insurer’s policies ... K&K Insurance, part of rival insurance giant Aon, replaced AIG as Pop Warner’s insurer a few years ago....

90% of insurers fear they will lose business to a start-up as investment in ‘InsurTech’ increases fivefold (PwC - PricewaterhouseCoopers LLP)

Edit Public Technologies 13 Jun 2016
As customers demand personalised insurance products and companies increasingly look to cut costs, a new PwC report out today [13 June 2016] shows the importance of the rise of FinTech in the insurance industry (InsurTech) ... PwC surveyed management from 79 insurance and start-up companies across the globe to gauge how the industry is responding to this opportunity to transform the market....

Car safety advances have yet to sway insurers to cut rates

Edit Pittsburgh Tribune Review 12 Jun 2016
DETROIT — After hearing good things about the latest in crash-prevention technologies, you decided to add automatic emergency braking to your new car. The feature ... ....
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