To what extent do insurers make use of digital distribution channels? Has the coronavirus pandemic accelerated digitalisation?

The China Banking and Insurance Regulatory Commission's Anhui and Tianjin offices guided banks and insurers in their jurisdictions to increase supply of financial resources to innovation-intensive companies, in keeping up with the increased necessity of technological breakthroughs to continue pushing economic growth.

China Life Insurance Co., one of the country's biggest insurers, pocketed 25.42 billion yuan (about 3.71 billion U.S. dollars) of net profit in the first half of the year, down 38 percent from the same period last year.

It is the job of financial institutions to manage financial risks and provide suitable products and services to customers. Most are good at this and recognise that balancing broad stakeholder interests is important to remain sustainable and for our financial system to function properly.

On 21 June 2022, BaFin held its first digital conference on the supervision of IT at insurance undertakings and pension funds, with over 660 participants and many questions in the chat room. The event offered information on current developments regarding information security in the insurance sector and the area of regulation. It also addressed the amendments to BaFin’s Supervisory Requirements for IT in Insurance Undertakings, findings from BaFin’s IT inspections, DORA, and the new reporting requirement for outsourcing.

China's decision to remove the cap on foreign insurers' ownership of insurance asset managers in the country.

The average comprehensive solvency ratio of the 180 insurers reviewed by a regulatory meeting was 224.2 percent by the end of March

requiring banks and insurers to promote green finance at a strategic level

Many special loans, insurance products in place for smaller firms in difficulties