The operating performance of China's "Big Three" property insurance companies in 2025 was mixed in non-motor businesses. The divergence in their growth rates reflects the different strategic choices they made.
China's top three non-life insurance companies showed improvements in their combined ratios in 2025, as revealed in their annual financial statements released last month.
Liability insurance has long been a blight on the mainland Chinese insurance industry, with market players generally facing underwriting losses and rising claims costs.
China's four leading standalone health insurers delivered explosive growth in both premium income and profits, with rates of increase far exceeding the industry average.
Beijing is the first city in China to launch the development and application of commercial insurance for intelligent connected new energy vehicles (NEVs). The initiative aims to upgrade existing NEV insurance and enable unified coverage for L2-L4 intelligent connected vehicles, according to Xinhua News Agency.
Public hospitals in many regions in China have been expanding their special medical services and international departments, with high-end medical services traditionally available in private hospitals and foreign-funded hospitals gradually extending to the public medical system.
The number of accounts opened under a pilot scheme for commercial pension funds exceeded 2.24m at the end of 2025, representing a year-on-year increase of 48%. The outstanding balance in these commercial pension funds exceeded CNY160bn ($23.5bn) as of 31 December 2025, representing a year-on-year increase of approximately 50%.
Huagui Life Insurance Co, the first local life insurance company registered in the southwestern province of Guizhou, has raised its registered capital to CNY2.61bn ($383.3m) from CNY2bn.
China will improve its medical insurance policies to boost the development of primary healthcare services in the country, according to the National Healthcare Security Administration (NHSA).
The National Financial Regulatory Administration (NFRA) has issued the "Negative List for Personal Insurance Products (2026 Edition)" to all life insurance companies.