A new study on agriculture insurance in China and its impact on the country's economy has revealed that agricultural insurance has a positive impact on the development of agricultural economy, with every one-unit increase in the contribution level of agricultural insurance leading to an 8.99% enhancement in the level of Chinese agricultural economy.
China's financial regulator is stepping up efforts to rein in disorderly competition in the non-auto insurance market, issuing a draft circular aimed at enforcing stricter adherence to pre-approved policy terms and pricing-known as the 'unified reporting and sales' system.
China has solidified its position as Asia's primary growth engine for insurance, while maintaining its global ranking as the second-largest insurance market, according to the Allianz Global Insurance Report 2025 released by Allianz China Insurance Holding on July 3.
In recent months, insurance subsidiaries of major Chinese banks have stepped up joint initiatives with their parent banks, seeking to capitalise on ecosystem synergies and develop new business models targeting high-net-worth individuals.
China's life insurance sector is approaching a significant inflection point, as product pricing enters the 1.5% guaranteed rate era amid a persistent low interest environment.
Recently ZhongAn Online P&C Insurance has completed a HK$3.92bn ($500m) H-share placement, marking its first equity fundraising since its initial public offering in 2017.
As the insurance industry moves beyond a traditional manpower-heavy model, a new wave of transformation is reshaping the competitive landscape. Driven by professionalisation, integration, and digitalisation, insurers are shifting from scale-focused strategies to service-led models.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
China has expanded its occupational injury insurance programme to cover more workers engaged in new forms of employment according to a news report by news agency Xinhua.