The compulsory motor third-party liability (CTPL) insurance branch in China continued to expand in 2025, with the number of insured motor vehicles reaching 386m, increasing by 3.8% year on year, according to a statement issued by the National Financial Regulatory Administration (NFRA).
Agricultural insurance, as a specialised tool for managing agricultural risks, is undergoing significant changes under China's revised Agriculture Law. The current law essentially addresses the question of whether agricultural insurance exists. The revised law goes further, addressing how well it works, whether it is fair, and whether it is sustainable.
The supervisory rating system is fragmented, opaque and reliant on relative rankings, disadvantaging small and foreign insurers and undermining China's efforts to build a diversified market and a level playing field, says the Insurance Working Group (IWG) of the European Chamber in China.
Unclear access criteria and hurdles in obtaining macro and segment-specific market data from official sources impede insurance intermediaries' and service providers' engagement in market research, risk assessment and strategy development, the Insurance Working Group (IWG) of the European Chambers says.
China's financial regulatory system has yet to explicitly recognise regional headquarters of insurance groups or clearly define their functions. Rather, it has been primarily focussed on licensed legal-entity financial institutions and their branches. It has yet to explicitly recognise regional headquarters (RHQs) or clearly define their functions.
Participating insurance products are set to have industry-wide model clauses for the first time, as the Insurance Association of China (IAC) has drafted three sets of model clauses for this product line.
On 16 September, the Insurance Association of China (IAC) released draft model policy provisions for long-term medical insurance, short-term medical insurance, and city-specific customised commercial medical insurance (Huiminbao). This marks the first time that the three major categories of commercial medical insurance have been incorporated into a unified contractual model framework.
Samsung Property & Casualty Insurance Company (Samsung P&C China) has delivered improved operating results despite a low single-digit return-on-equity in 2025, notes AM Best.
Mainland Chinese Insurers are investing in Hong Kong exchange traded funds (ETFs) after regulators cleared such activity last month.
China's insurance sector is poised for a systemic regulatory upgrade as the "Insurance Law of the People's Republic of China (Draft Revision for Public Comment)" undergoes public consultation, with one of the focus areas being the utilisation of insurance funds.