The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
The insurance giant said Assurance IQ will help it target difficult-to-reach markets.
The technology’s transparency and immutability allow competitors to share data and industries to build credibility with consumers.
Unlike traditional insurance, “parametric” coverage pays out after a triggering event, regardless of actual losses.
The $54 billion deal is the latest move by an insurer to cut health care costs by bringing pharmacy benefits and medical claims under one roof.
The deal is a "unique strategic opportunity" for the French insurance giant to diversify away from life and savings products.
The buyout comes after a "rocky year" for the insurer, which was forced to restate its financials due to a series of accounting errors.
China's move against the owner of the Waldorf Astoria "appears to be an unprecedented takeover — a Chinese-style hostile takeover."
The deal will create "a leader in nonstandard auto insurance" for drivers who may have been denied coverage by standard insurers.
The tech giants are offering protection against cyber attacks to businesses that primarily use their equipment.
The company also discloses an SEC investigation of the $6.2 billion charge it took for its long-term care insurance business.
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.
