China's booming pet economy is driving rapid growth in pet healthcare, now a rising focus for insurers and consumers alike. According to the 2025 China Pet Industry White Paper, the country is home to more than 120m urban cats and dogs, with the market exceeding CNY300bn($42.3bn). Faced with medical bills that can easily run into the thousands, more pet owners are turning to insurance for financial protection.
Ant Group has announced one of its most significant structural adjustments in recent years, elevating its former Digital Healthcare Department into a standalone Health Division. In an internal letter issued on 7 November, CEO Han Xinyi said the upgrade reflects the growing importance of healthcare in the company's broader portfolio and marks an effort to position medical and health-related services as a long-term strategic pillar.
Morgan Stanley said in a recent research report that insurers under its coverage reported strong third-quarter results, with robust net profits and life insurance sales.
China's ageing population and rising demand for elderly care are deepening the link between insurers and capital markets, with real estate investment trust (REITs) and Asset-backed securities (ABS) emerging as key tools to unlock assets and attract long-term capital.
The National Financial Regulatory Administration (NFRA) has issued new guidelines on strengthening supervision of non-motor insurance business, marking a concrete step in implementing the "unified reporting and sales" policy.
S&P Global Market Intelligence has released its 2025 ranking of the world's top 50 life insurance companies.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
Unlisted life insurers in China reported solid results for the first three quarters of 2025, with both premium income and net profit rising on the back of improving investment returns and lower liability costs.
The 2025 Hong Kong FinTech Week was held recently at the Hong Kong Convention and Exhibition Centre, marking the event's 10th anniversary and its largest edition to date.