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Apr 2025

Cost cuts and survival pose new reality for China's property insurers

Source: Asia Insurance Review | Apr 2025

China’s property insurance industry is undergoing a profound transformation. While some non-listed insurers report 50%-60% year-on-year profit growth in the past year, the sector continues to grapple with widespread downsizing, mounting losses in new-energy vehicle insurance, and an accelerating shift toward automation.
 

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