China Life, the country's biggest life insurer, saw its net profit attributable to equity holders surge by 44.1% to a record CNY154.08bn ($22.33bn), according to audited financial statements released by the insurance giant.
The State Council, which is China's Cabinet, has issued a set of guidelines to implement fully a nationwide long-term care insurance system, with the aim of addressing the basic care needs of people who have difficulty in taking care of themselves.
Taiping Reinsurance Company (TPRe) posted consolidated net profits after tax of HK$1.28bn ($164m) in 2025, 34.1% higher than in 2024, according to financial statements published by the Hong Kong-incorporated parent company, China Taiping Insurance Holdings Co. The net results were boosted by both underwriting and investment operations.
China Taiping Insurance (HK) Company, the non-life insurance unit of the Taiping China Insurance group in Hong Kong, saw its net profit after tax plunge by 73.6% to HK$19.64m in 2025, compared to HK$74.26m in 2024, according to financial statements released by the ultimate parent China Taiping Insurance Holdings Co (China Taiping).
Three government bodies have jointly issued a notice on strengthening cooperation to promote the high-quality development of hog insurance. The notice addresses issues in hog insurance in China, which is the world's largest producer and consumer of pork, accounting for approximately half of global pork consumption.
China's multinational technology company Xiaomi, which also manufactures electric vehicles, has entered the new energy vehicle insurance market, offering motor premium rates lower than those of most of its competitors.
Several leading insurance companies launched talent programmes to recruit high-quality individuals for their insurance agency force in 2025, with the momentum continuing into this year.
China can do more to increase consumption and domestic demand-especially for services-by boosting household incomes and reducing incentives for precautionary savings, according to the International Monetary Fund's First Deputy Managing Director Dan Katz.
The People's Insurance Company (Group) of China [PICC] reported a consolidated net profit of CNY62.45bn for 2025, a year-on-year increase of 10.0% over 2024.
The Insurance Association of China has stated that it will promote the implementation of model clauses for humanoid robot insurance.