China's upcoming 15th Five-Year Plan has outlined a comprehensive blueprint to strengthen the country's social welfare and population support systems while reinforcing agricultural incentives to ensure food security and rural revitalisation. Released on 28 October, the proposals underscore Beijing's focus on building a more inclusive, resilient and sustainable social safety net that supports an ageing population and secures farmers' incomes through policy coordination and insurance mechanisms.
China's NEV insurance market has continued its strong growth momentum this year, with commercial NEV insurance premiums surpassing CNY108.79bn ($15.2bn) in the first three quarters of 2025, according to local media reports.
China's reinsurance industry is entering a new phase of accelerated development, with 26 onshore reinsurers now operating in Shanghai's Lingang area and six overseas institutions establishing trading seats at the Shanghai International Reinsurance Registration and Trading Centre. By the end of the third quarter of 2025, total registered transactions at the centre reached CNY110bn($15.4 bn), with cumulative trading volume of CNY4.5bn.
At the "China-Europe Insurance Innovation Forum" held during the Annual Conference of Financial Street Forum (FSF) 2025 on October 28, National Financial Regulatory Administration(NFRA) vice administrator Zhou Liang said the insurance industry has great potential to support a new round of technological innovation.
At the 2025 Sustainable Global Leaders Conference held in Shanghai recently, the Insurance Asset Management Association of China(IAMAC) former executive vice president and secretary general Cao Deyun said that China's economy is currently in its fourth low interest rate cycle since the reform and opening-up.
Ping An Insurance (Group) Company of China reported solid growth for the first nine months of 2025, with operating profit attributable to shareholders rising 7.2% year on year to CNY116.26bn($16.28 bn). Third-quarter operating profit grew 15.2% year on year, while net profit surged 45.4% in Q3 to CNY132.86bn, up 11.5% for the nine-month period.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
Sompo insurance has expanded its travel insurance service to a number of countries in Asia following a successful rollout in Thailand.
As China's listed insurers prepare to release their third-quarter reports, a clear uptrend in industry performance is emerging. Since New China Life first issued its earnings forecast on 13 October, PICC P&C and China Life have also released announcements projecting profit growth of over 40% year-on-year for the first three quarters of 2025, with China Life leading with a 50%-70% increase.