Data released on 11 August showed that 59 unlisted life insurers reported combined net profits exceeding CNY200bn($27.9bn), more than double the sub-CNY100bn level in the same period last year.
A long-standing practice of monthly premium disclosures by listed insurers is being phased out.
China's insurance sector has seen its first case of one insurer "flagging" another in six years, after Ping An acquired a larger stake in China Pacific Insurance (CPIC).
Hong Kong's Insurance Authority (IA) has authorised the establishment of a captive insurer by Shanghai Automotive Industry Corporation (SAIC Motor), bringing the city's total number of captives to six. The new entity, SAIC Motor Insurance Limited, becomes the second captive approved this year.
Speaking at the Wealth Partnership Forum 2025 in the Greater Bay Area, CPIC Life general manager Li Jinsong said bancassurance is currently facing three structural opportunities.
With listed insurers releasing their second-quarter solvency reports, motor insurance data for the period has also come to light.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
Air pollution significantly increases the likelihood of the Chinese population purchasing commercial insurance according to a new study published in an August 2025 issue of the science and research website www.sciencedirect.com.
AXA China Region Insurance (Bermuda) has entered into a cooperation agreement with Hainan Boao Lecheng administration to jointly explore innovative medical insurance models and leverage the top-tier medical resources.