The Insurance Association of China (IAC) has disclosed that the insurance industry operated steadily in the first quarter, achieving premium income of CNY2.31tn ($338bn), a year-on-year increase of 6.2%; and claims payouts of CNY0.89tn, a year-on-year increase of 7.5%.
China's five major 'A'-share listed insurance companies saw their combined net profit fall by 16.98% to CNY69.88bn ($10.22bn) in 1Q2026, compared to the corresponding quarter in 2025.
AI agents helped realise CNY30.44bn ($4.46bn) in sales in the first three months of 2026 by enabling demand analysis, personalised recommendations, sales pitches, and so on, according to Ping An Insurance (Group) Company of China (Ping An Group) in its unaudited 2026 first-quarter financial statements.
The Insurance Association of China (IAC) has released the latest reference rate for life insurance product pricing, which is 1.93%.
China Life Insurance, the country's biggest life insurer, and a related company, China Life Qiyuan (Beijing) Pension Industry Investment Management Co (China Life Qiyuan), have established Chongqing China Life Pension Industry Private Equity Investment Fund Partnership (Chongqing China Life Pension Industry Fund, a limited partnership).
The non-life insurance sector delivered a mixed performance in 2025 in that the average combined ratio of 84 insurance companies soared by 21.18 percentage points to 129.39%, while the median dipped by 1.43 percentage points to 101.07%.
A Beijing-based insurance consortium has provided more than CNY10bn ($1.47bn) in coverage for 25 private commercial space launches in its first year, according to the Beijing Financial Regulatory Bureau.
More than CNY270bn ($37bn) of China's high-risk energy storage assets lack effective insurance protection, according to a white paper jointly released by Generali China and Fudan University late last year. This gap is growing by roughly CNY160bn annually.
Prudential plc has released its 1Q2026 business performance update for the three months ended 31 March 2026.
China's insurance industry's premium income in Q1 of 2026 was CNY2.3tn ($336.84bn) in the first three months of 2026, rising 6.2% y-o-y, according to the Insurance Association of China (IAC).