China Insurance Security Fund to Inject Capital into Anbang Insurance Group

Posted on 04/04/2018


Anbang Insurance Group is getting a 61 billion RMB (US$ 9.7 billion) capital injection from the China Insurance Security Fund on orders from China’s insurance regulator. Formed in 2008, the China Insurance Security Fund is funded by mandatory contributions from insurers. The China Insurance Regulatory Commission is keen on protecting Anbang’s solvency and protecting the […]