In order to standardise payment ranges and delivery of service quality of long-term care in the country, China has released a national catalogue of long-term care insurance services.
China Life Insurance Company, the nation's biggest insurer, has focused on quality growth with an improvement in new business value (NBV), notes Fitch Ratings.
On September 22, Ping An Health Insurance Co, together with PKU Healthcare Group, Beijing's Kang Yuxuan Care Center, and Ping An Life's Beijing branch, hosted a public welfare campaign on Alzheimer's disease under the theme "Early Prevention, Early Treatment, Safeguarding Cognition."
Following the latest adjustment to the pricing interest rate for life insurance, insurers have stepped up the withdrawal of products exceeding the cap and the launch of new offerings. According to data from the Insurance Association of China (IAC), as of September 22, a total of 993 life insurance products had been introduced in 2025, including 415 since August 1. Over the same period, 652 annuity insurance products were launched, of which 257 came after August 1.
National Financial Regulatory Administration director Li Yunze told local media that since 2024 life insurers have reduced costs by CNY350bn($48.9bn), while the comprehensive expense ratio of property insurers has fallen to its lowest level in nearly a decade and expense ratios have hit a 20-year low.
At the China Property Reinsurance Market Seminar on September 18, it was disclosed that China's property insurance industry recorded its highest-ever underwriting profit in the first half of 2025, while ceded premiums in the property reinsurance market surpassed CNY100bn($13.97bn) for the first time.
The latest White Paper on China's Insurance Intermediary Market was released in Shenzhen by the Risk Management and Insurance Research Center at Peking University HSBC Business School and the Insurance Information Research and Development Center of Insurance Marketing Group.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
Recently, five insurance asset management firms had released their interim results, with combined operating revenue of CNY7.79bn($1.09bn) in the first half of 2025, up 14.8% year on year, and total net profit of CNY3.89bn, up 30.7%.