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The construction of the catastrophe insurance system is timely, and China Re (1508.HK) leads the industry's development.
Despite the rapid development of technology, natural disasters remain a huge challenge that the world is facing. With the intensification of climate change and the impact of human activities, the losses caused by natural disasters to human society are constantly increasing. How to improve the disaster prevention, reduction and relief capabilities of the whole society has become an urgent problem. From the perspective of the financial industry, catastrophic insurance is a type of insurance product designed to respond to natural disasters or safety accidents with large scale and wide impact. It is an effective means of risk diversification for the huge property losses, casualties and other risks that may be caused by natural or man-made disasters. I. The scale of the catastrophic insurance market.
Earnings Growth of 1.7% Over 5 Years Hasn't Been Enough to Translate Into Positive Returns for China Reinsurance (Group) (HKG:1508) Shareholders
While it may not be enough for some shareholders, we think it is good to see the China Reinsurance (Group) Corporation (HKG:1508) share price up 26% in a single quarter. But over the last half deca
Domestic insurance stocks generally rose, and China Taibao (02601) rose 3.05%. In the first April, the insurance industry's original insurance premium income increased 4.63% year-on-year
Jinwu Financial News | Domestic insurance stocks generally rose. China Taibao (02601) rose 3.05%, China Taiping (00966) rose 2.72%, and China Reinsurance (01508), Prudential (02378), and China Life (02628) rose more than 1%. According to data released by the State Financial Supervisory Administration, in the first four months of this year, the insurance industry's original insurance premium income was 2.54 trillion yuan (same below), an increase of 4.63% on a comparable basis. Among them, the property insurance business was 479.2 billion yuan, an increase of 2.88% year-on-year; the personal insurance business was 2.06 trillion yuan, an increase of 12.0.
China Reinsurance (01508.HK): Dadi Financial Insurance's total original premium income from January to April was about 18.939 billion yuan
Gelonghui, May 22丨China Reinsurance (01508.HK) announced that the total original premium income received from January 1, 2024 to April 30, 2024 through China Dadi Property Insurance Co., Ltd., the company's operating subsidiary, was approximately RMB 18.939 billion.
China Reinsurance (1508.HK): Underwriting increases efficiency and creates a reinsurance ESG model
On April 28, China Reinsurance (hereinafter referred to as “China Reinsurance”) issued an announcement on “Key Solvency Indicators as of the End of the First Quarter of 2024”. In the first quarter of 2024, China Reinsurance's consolidated total premium income was 50,086 billion yuan (the currency is RMB, the same below), down 13.8% year on year, mainly due to the decline in premium income from personal reinsurance savings businesses; consolidated net profit was 1,374 billion yuan, up 11.3% year on year, mainly due to the company's efforts to improve operating efficiency and improve underwriting performance. 1. Underwriting to increase efficiency, pursue high-quality growth in the first quarter and re-production in the first quarter
China Reinsurance (01508.HK): China Financial Supervisory Administration approved the qualifications of Jia Xiangxiang and Zhou Zheng as directors
Gelonghui, May 7, 丨 China Reinsurance (01508.HK) announced that on April 30, 2024, the company received approval from the State Financial Supervisory Administration regarding the qualifications of Ms. Jia Xiangxiang and Mr. Zhou Zheng. According to the approval, the China Financial Supervisory Authority approved the qualifications of Ms. Jia Xiangxiang and Mr. Zhou Zheng as directors of the company. Ms. Jia Xiangxiang serves as a non-executive director of the company, a member of the Audit Committee and Deputy Chairman of the Board of Directors, a member of the Nomination Remuneration Committee and a member of the Risk Management Committee, and Mr. Zhou Zheng as a non-executive director of the company, a member of the Board's Strategy and Sustainable Development Committee, and related transactions
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