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.
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.
Sukoon Insurance has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
The Algerian insurance market recorded a significant increase of 8.1% in revenue in the first half of 2025, reaching DZD99.3bn ($767.0m), including international acceptances, according to data from the National Insurance Council (CNA).
Swiss Re has appointed Mr Mathieu Henry as UAE market head, P&C reinsurance. He will be based in Zurich, overseeing reinsurance activities in the region.
The insurance markets in the GCC are witnessing profound transformation in various aspects of their operations, with growth expected to continue in the current year, propelled by several favourable factors, participants of the 20th Gulf Insurance Forum in Dubai were told.
Reasuransi MAIPARK Indonesia (MAIPARK) noted that the majority of residential homes in Indonesia are uninsured, according to Strategic Planning & Risk Management Group Head of PT Reasuransi MAIPARK Indonesia, Mr Ruben Damanik.
Several banks are moving to establish insurance companies to expand their financial ecosystems and gain a stronger foothold in the bancassurance market. The banks include Asia Commercial Joint Stock Bank (ACB), VPBank and Techcombank.