China Re to focus on tech, globalization, profit rises 17%

Posted On: May. 1, 2019 5:49 AM CST

China Reinsurance (Group) Corp. said that it plans to focus on platform operations, technology advancement and globalization this year after its net profit grew 17% year over year to $183 million in the first quarter, Asia Insurance Review reported. China Re said that its operations in mainland China account for 90% of the reinsurer's revenue.