Motor underwriting gains rose by CNY12.1m ($1.7bn) to CNY15bn for the first half of this year, the biggest increase among the various classes of non-life insurance.
Among the 88 property insurance companies which have filed their interim financial reports, 55 increased their premium income in the first half of this year despite the COVID-19 pandemic. The remaining 33 reported lower premium volumes.
China's insurance sector saw premium income increase by 6.46% in the first half of this year to CNY2.72tn ($388bn) compared to the corresponding period last year.
Three foreign owned insurers -- Evergrande, ICBC-AXA and AIA -- made it to the list of the top 20 life insurance companies in China in the first six months of this year in terms of premium income.
The CBIRC has proposed to limit the high salary levels of directors and supervisors of insurance companies that fail to meet solvency requirements.
The total premiums of new-business life insurance for individuals dropped by 2.88% in the first half of this year, compared to corresponding half last year.
Chinese life insurers have been the most progressive in establishing alternative investments as a viable asset class, compared to their Asian counterparts, says Moody's Investors Service.
Startup InsurTech platform company Waterdrop is preparing for an initial public offering as soon as this year, seeking a valuation of about $4bn, reported Bloomberg quoting people familiar with the matter.
Eleven reinsurance companies and insurers have formed a pool to support insurers covering Belt & Road projects.
The total mortality protection gap in Asia could generate an average of $292bn of additional aggregate life insurance industry premiums every year between 2020 and 2030, More than half of that would come from China, says Swiss Re Institute in a new report released this week.