Pacific Prime Insurance News

Weather brings rise in insurance claims
February 8th, 2010

After the severe weather that dogged China over the last few weeks, insurers in China have been counting the costs. While home insurance is yet to be purchased widely by Chinese home-owners, the bulk of claims have been from those with business insurance. The growing importance of this market is evident in the advance payment of RMB5million to a Jiangxi property and casualty subsidiary before assessors viewed the weather damage - a practice not common in the industry.

Insurers pay claims of nearly US$95m for snow-hit losses by –
INSURERS in China have paid a combined indemnity of 680 million yuan (US$94.6 million) to cover losses caused by the country’s worst snowstorm in five decades, more than double the previously estimated loss, the…

Welcome to Pacific Prime News
February 8th, 2010

Dear Readers

Welcome to Pacific Prime China News. Pacific Prime is the leading insurance advisor in Asia and an expert in the the administration and management of insurance in China. Pacific Prime China News will aim to be at the forefront of news in the insurance sector, providing up-to-date commentary on issues of importance to those in the region.

We are seeking an interactive userface and readers are encouraged to add their own commentary to the article. Any questions will also be answered at the earliest opportunity.

Meanwhile, I wish you all the best in the Year of the tiger and I look forward to an eventful 2011.

Regards

Geoff Tink

Pacific Prime