China Banking and Insurance Regulatory Commission

Huize Partners with Ruihua Health Assurance to Launch “Guardian Critical Care No.5”

Retrieved on:

Wednesday, June 8, 2022

Internet, Life, GLOBE, Critical care, Insurance, China Banking and Insurance Regulatory Commission, Cancer, NASDAQ, Life insurance, Huize County

SHENZHEN, China, June 08, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (Huize, the Company or we) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Ruihua Health Assurance to launch Guardian Critical Care No.5, a customized multiple-benefit critical illness insurance product.

Key Points:

SHENZHEN, China, June 08, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (Huize, the Company or we) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Ruihua Health Assurance to launch Guardian Critical Care No.5, a customized multiple-benefit critical illness insurance product.
The upgraded Guardian Critical Care No.5 demonstrates our long-term commitment to offering a diverse range of customized and flexible products to meet the evolving protection needs of the younger generation.
It covers both minor and moderate illnesses even after the first critical illness benefit claim has been made.
Established in May 2018, Ruihua Health Assurance is a leading professional health insurance company approved by the China Banking and Insurance Regulatory Commission.

China Life Insurance Company Limited - Change of Chairman of The Board

Retrieved on:

Wednesday, April 27, 2022

View original content:https://www.prnewswire.com/news-releases/china-life-insurance-company-li...

Key Points:

BEIJING, April 27, 2022 /PRNewswire/ -- China Life Insurance Company Limited (the "Company" or "China Life") (NYSE: LFC; SSE: 601628; HKSE: 2628) announces today that at the extraordinary general meeting held on April 27, 2022, Mr. Bai Tao has been elected as an Executive Director of the seventh session of the board of directors of the Company (the "Board").
At the eleventh meeting of the seventh session of the Board held on the same day, Mr. Bai Tao has been elected as the Chairman of the Company.
Mr. Bai Tao, born in 1963, has been the Secretary to the Party Committee of China Life Insurance (Group) Company, the controlling shareholder of the Company, since January 2022.
From May 2014 to August 2016, he served as the Vice President of China Life Insurance (Group) Company.

New Subsidiary, New Advantage

Retrieved on:

Tuesday, March 1, 2022

As a top insurance company, CPIC always regards technology as the core element to drive business development, and regards shaping the future-oriented technology advantage as the inevitable requirement to achieve high-quality development.

Key Points:

As a top insurance company, CPIC always regards technology as the core element to drive business development, and regards shaping the future-oriented technology advantage as the inevitable requirement to achieve high-quality development.
CPIC establishes CPIC Technology to respond to the new requirements of industry development, and open up a new track for the insurance industry.
CPIC Technology will provide new momentum for high-quality development of CPIC, bringing about new advantages for CPIC.
This press release is distributed by Wonderful Sky Financial Group for China Pacific Insurance (Group) Co. Ltd.

Anti-Money Laundering Software Market Size to Reach USD 5.77 Billion in 2030 | Increasingly Stringent Government Regulations to Deploy AML Solutions is One of the Key Factors Driving Industry Demand, says Emergen Research

Retrieved on:

Thursday, February 24, 2022

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.

Key Points:

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.
However, high initial cost associated with deployment of AML solutions is a major factor expected to hamper revenue growth.
Increasingly stringent government regulations to deploy AML solutions is a key factor driving revenue growth of the market.
Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region:

Anti-Money Laundering Software Market Size to Reach USD 5.77 Billion in 2030 | Increasingly Stringent Government Regulations to Deploy AML Solutions is One of the Key Factors Driving Industry Demand, says Emergen Research

Retrieved on:

Thursday, February 24, 2022

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.

Key Points:

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.
However, high initial cost associated with deployment of AML solutions is a major factor expected to hamper revenue growth.
Increasingly stringent government regulations to deploy AML solutions is a key factor driving revenue growth of the market.
Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region:

China Zheshang Bank selects kACE for FX Options Pricing and Distribution

Retrieved on:

Tuesday, February 22, 2022

LONDON, Feb. 22, 2022 /PRNewswire/ -- kACE, a division of Fenics Software Limited, an entity within the BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company") group of companies, announced today that China Zheshang Bank ("CZBank"), a major regional Chinese bank headquartered in Hangzhou, has deployed its FX Options distribution solution kACE Order Management Service, kACE OMS, to facilitate distribution of FX Options pricing across the bank.

Key Points:

LONDON, Feb. 22, 2022 /PRNewswire/ -- kACE, a division of Fenics Software Limited, an entity within the BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company") group of companies, announced today that China Zheshang Bank ("CZBank"), a major regional Chinese bank headquartered in Hangzhou, has deployed its FX Options distribution solution kACE Order Management Service, kACE OMS, to facilitate distribution of FX Options pricing across the bank.
kACE partnered with ERAYT in October 2019 to offer FX Options solutions to the China market1.
In FX Options, because of its proven track record as a comprehensive FX Options technology provider, together with its strong field support and close partnership with a leading local technology provider, we selected kACE to improve the efficiency, standardization and customization of our FX Options pricing system."
China Zheshang Bank ("CZBank") is one of the 12 national joint-stock commercial banks approved by the China Banking and Insurance Regulatory Commission ("CBIRC").

China Zheshang Bank selects kACE for FX Options Pricing and Distribution

Retrieved on:

Tuesday, February 22, 2022

LONDON, Feb. 22, 2022 /PRNewswire/ -- kACE, a division of Fenics Software Limited, an entity within the BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company") group of companies, announced today that China Zheshang Bank ("CZBank"), a major regional Chinese bank headquartered in Hangzhou, has deployed its FX Options distribution solution kACE Order Management Service, kACE OMS, to facilitate distribution of FX Options pricing across the bank.

Key Points:

LONDON, Feb. 22, 2022 /PRNewswire/ -- kACE, a division of Fenics Software Limited, an entity within the BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company") group of companies, announced today that China Zheshang Bank ("CZBank"), a major regional Chinese bank headquartered in Hangzhou, has deployed its FX Options distribution solution kACE Order Management Service, kACE OMS, to facilitate distribution of FX Options pricing across the bank.
kACE partnered with ERAYT in October 2019 to offer FX Options solutions to the China market1.
In FX Options, because of its proven track record as a comprehensive FX Options technology provider, together with its strong field support and close partnership with a leading local technology provider, we selected kACE to improve the efficiency, standardization and customization of our FX Options pricing system."
China Zheshang Bank ("CZBank") is one of the 12 national joint-stock commercial banks approved by the China Banking and Insurance Regulatory Commission ("CBIRC").

Uptime Institute Launches Standardized, Comprehensive Infrastructure Risk Assessment for the Financial Sector

Retrieved on:

Tuesday, February 15, 2022

Uptime Institute today announced the launch of its new Standardized, Comprehensive Infrastructure Risk Assessment for Financial Sector Institutions ( SCIRA-FSI ).

Key Points:

Uptime Institute today announced the launch of its new Standardized, Comprehensive Infrastructure Risk Assessment for Financial Sector Institutions ( SCIRA-FSI ).
However, financial services outages can be extremely costly, and can result in financial penalties and sanctions for noncompliance.
Uptime Institute is headquartered in New York, NY, with offices in Seattle, London, Moscow, Sao Paulo, Dubai, Singapore, and Taipei.
And register for a webinar on the state of digital infrastructure risk in the financial sector and the new SCIRA-FSI assessment on March 8 at 3:00pm GMT here .

WATERDROP DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Waterdrop Inc. and Encourages Investors to Contact the Firm

Retrieved on:

Saturday, November 13, 2021

Industry, News, P.C, District court, Insurance, Growth, Telephone, China Banking and Insurance Regulatory Commission, Acquisition, WDH, IPO, GLOBE, ADS, US, Court, NYSE, Waterdrop, Security (finance)

Investors have until November 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points:

Investors have until November 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On June 17, 2021, Waterdrop issued a press release announcing Waterdrops financial results for the quarter conductedbeforethe IPO.
In doing so, Waterdrop reported that its operating costs and expenses had ballooned over 75%, or RMB579.1 million, to RMB1,343.9 million (US$205.1 million).
This rapid increase in operating expenses was due largely to the cessation of Waterdrops mutual aid business and growing customer acquisition costs.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Waterdrop Inc. (WDH)

Retrieved on:

Friday, November 12, 2021

In May 2021, Waterdrop completed its IPO, selling 30 million ADSs at $12.00 per share.

Key Points:

In May 2021, Waterdrop completed its IPO, selling 30 million ADSs at $12.00 per share.
Bloomberg reported that [r]egulators have since moved to shutter some operations including mutual aid healthcare platforms operated by Waterdrop.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.