China's insurance sector is poised for a systemic regulatory upgrade as the "Insurance Law of the People's Republic of China (Draft Revision for Public Comment)" undergoes public consultation, with one of the focus areas being the utilisation of insurance funds.
The authorities have released a 10-point "negative list" to regulate online insurance operations, covering four main areas, that are sales, product management, payments and channel management.
Government agencies are planning to reform new energy vehicle (NEV) insurance, including optimising benchmark premium rates for commercial auto insurance business.
Participating life insurance has grown rapidly in the last several years to break past the CNY1tn ($149bn) mark, according to industry data released by the Insurance Association of China (IAC).
Insurance titan China Life Insurance Company's strong distribution capabilities and diversified business profile are expected to continue supporting value growth, aided by extensive regulatory measures on expense controls across the agency and bancassurance channels, says Fitch Ratings.
Huatai Life Insurance has received a capital injection to replenish its capital base, after the last fundraising exercise in 2023.
COSCO SHIPPING Captive Insurance Co (COSCO SHIPPING Captive) has consistently delivered positive earnings since 2017 and achieved an average return-on-equity ratio of 5.3% over the past five years (2021-2025), notes AM Best.
Shanghai is aggressively expanding its technology insurance framework, shifting from isolated product offerings to comprehensive, full-lifecycle risk management.
The Finance Ministry has said that agricultural insurance provides risk protection exceeding CNY5tn ($746bn) annually for hundreds of millions of farmers.
Hong Kong has unveiled the Hong Kong Special Administrative Region's first Five-Year Plan for Economic and Social Development for 2026-2030, setting out the city's strategic direction for economic and social development over the medium to long term. This was announced by Hong Kong Chief Executive John Lee on 16 September.