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China’s Top Insurers See Profits Slump on Coronavirus Impact

Apr.23 — China’s prime two insurance coverage corporations noticed earnings plunge within the first quarter because the coronavirus hit gross sales and funding returns. China Life, the nation’s greatest life insurer posted a 34% drop in earnings by way of March, whereas Ping An, China’s largest insurer by market worth, mentioned earnings fell 43%. Bloomberg’s Tom Mackenzie reviews on “Bloomberg Dawn: Asia.”