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Archive by Wenli Yuan

Celent and Asia Insurance Review are proud to announce the Inaugural Asia Insurance Technology Awards. The awards will recognize excellence and innovation in the use of technology within the insurance industry. Nominations are currently being accepted. To nominate an individual or firm, simply fill out the entry form (http://www.celent.com/system/files/asia_insurance_awards_entry_form_2.doc) and e-mail the completed form to […]

Oct 10th, 2011 | Filed under Insurance

Insurance companies in China apply different business model in regard to retirement business. Some insurance companies focus on individual annuity, some are extending retirement business horizontally, selling corporate annuity, group pension, and individual annuity; and some companies are extending retirement business vertically, such as enter into retirement apartment business. In China, reverse mortgages face cultural […]

Mar 23rd, 2011 | Filed under Insurance

Recently there has been some news about Chinese regulators approves some of China banks to invest in insurance companies: Bank of Communications got approval to purchase from China Life 51% of China Life CMG. Bank of China (BOC) got approval to purchase 25% of Heng An Standard Life, through its wholly owned property/casualty insurance subsidiary […]

Sep 10th, 2009 | Filed under Insurance

China Insurance Regulatory Commission (CIRC) issued an insurance distribution report for the first half of 2009 on August 7. One interesting result is that the insurance sold through banks and post offices decreased 3% compared to the same period in 2008, while insurance sold through the sales agent channel increased 39%. This is the first […]

Aug 13th, 2009 | Filed under Insurance

China’s new insurance law will take effect on October 1 2009. The revised law strengthens protection for policyholders, the insured, and beneficiaries. However, it adds operational requirements for insurance companies. For example, the revised law adds a two-year incontestable rule to protect the insured party. It is a very common clause in Western countries, but […]

Jun 22nd, 2009 | Filed under Emerging Markets, Insurance, IT

I recently saw an interesting article that seems quite appropriate for the times we live in. This article was based on a report published recently by Robert Half International, a staffing service. Condensed versions and commentary on this report have been available via a number of search engines in recent weeks. These days we are […]

Mar 11th, 2009 | Filed under Emerging Markets, Insurance, Strategy

I had an opportunity to talk to an independent consultant who has worked for some time now with insurance companies in Japan. He specializes in new technologies involving calculation engines. His experiences give some insight into the reasons why these emerging technologies are being adopted relatively slowly, and may also give some insight as to […]

Feb 11th, 2009 | Filed under Insurance
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I visited the CIO of one of the top five life insurance companies in China recently, and he gave me many insights on IT management. I think his advice could help global vendors understand Chinese insurance companies better, and so I’ve decided to share them here. IT as the Fire Department Most insurance companies in […]

Jan 14th, 2009 | Filed under Insurance
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Being a Celent insurance analyst based in China, I sometimes meet with Celent customers who visit Beijing and share my insights on China insurance market growth and technology development. Many customers are interested in the potential market size, the competitiveness of the market, and the progress of technology. But recently, when I meet Celent customers […]

Dec 10th, 2008 | Filed under Insurance