As China's listed insurers prepare to release their third-quarter reports, a clear uptrend in industry performance is emerging. Since New China Life first issued its earnings forecast on 13 October, PICC P&C and China Life have also released announcements projecting profit growth of over 40% year-on-year for the first three quarters of 2025, with China Life leading with a 50%-70% increase.
China's insurance industry continues to streamline its physical branch network. According to data from the National Financial Regulatory Administration (NFRA), as of 22 October, a total of 2,565 insurance branches have withdrawn from the market this year, representing a 60% increase from the same period in 2024.
These are the updates on insurance regulatory developments in China.
Nearly 14% or one in seven Australian travellers went on their most recent travel without a valid travel insurance cover according to a recent survey by the Insurance Council of Australia (ICA). The survey found that this trend is particularly pronounced among younger travellers, with 23% of under-30s going uninsured.
The first earthquake stress test in Turkiye has estimated that the financial impact of a potential Marmara earthquake would reach $21bn at the current exchange rate, borne by the insurance sector alone, excluding the Turkish Catastrophe Insurance Pool (TCIP).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the final declaration of the Insurance Sector Consultative Meeting, which was held in September.
The combined insurance revenue of the listed insurance companies in Oman jumped by 13%, increasing to OMR541.6m ($1.4bn) in the first three quarters of 2025 (3Q2025) from OMR479.60m in the corresponding period in 2024, according to an analysis by Badri Management Consultancy, an international actuarial and risk consultancy.
Over seven in 10 (72%) of young people in Turkiye see insurance as a vehicle which can make their lives easier. In addition, with the advancements of technology and the digital age, those who prefer to purchase insurance through digital platforms constitute the overwhelming majority, at 78%.
The Insurance Council of New Zealand Te Kahui Inihua o Aotearoa (ICNZ) has welcomed the Government's National Adaptation Framework as an important and necessary first step towards building New Zealand's climate resilience and keeping insurance accessible.
Recent floods in Pakistan have caused an estimated PKR822bn ($2.91bn) economic loss affecting 6.5m people across 70 districts.