China

China pipeline explosion sees ¥4.6m in claims

The China Petroleum & Chemical Corporation has received an estimation of ¥4.6m ($755 000) in claims from an oil pipeline explosion in Qingdao province, according to the China Insurance Regulatory Commission.

AIG opens Hangzhou office

AIG China, the largest foreign property & casualty insurer in China, has opened a branch in Hangzhou, the capital city of Zhejiang province.

The Asian reinsurance story so far

The reinsurance market has great potential for growth in Asia as insurers, brokers and banks try to address a chronic deficit in insurance cover across the continent writes Andrew Tjaardstra.

China's telematics boom could take up to five years

The emergence of telematics in China will take three to five years, as the China Insurance Regulatory Commission begins to liberalize insurance terms and rates, according to technology research firm Celent.

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