Zurich Financial Services (ZFS) has received the go-ahead to conduct non-life insurance business in China.
The group said it is to be granted a license to open a branch in one of China's "open cities" as a result of China's recent admission to the World Trade Organisation (WTO) and prior negotiation between the Swiss and Chinese governments.
The group has been present in China's life insurance market since 1992, with representative offices in Beijing, Guanzhou and Shanghai.
"With a population of around 1.2 billion inhabitants, China offers huge potential for growth in both the non-life and life insurance lines," said a member of ZFS's group management board, Malcolm Jones.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
