Recently, the Financial Regulatory Administration released the operational data for China's insurance industry as of November 2024. From January to November, the industry reported total primary insurance premium income of CNY5.36tn($750.4bn), comprising CNY1.31tn in property insurance and CNY4.05tn in life insurance. Primary insurance claims expenditure reached CNY2.08tn, reflecting year-on-year growth of 6.2% in premium income and a significant 20.2% increase in claims.