Insurance Weekly Overview (3.13—3.20)

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◆Regulatory Voice

Financial Regulatory Authority: Improve Catastrophic Insurance Protection System and Promote Commercial Health Insurance

On March 16, the Financial Regulatory Authority held an expanded meeting. The meeting emphasized urging banking and insurance institutions to focus on their main businesses and develop in a differentiated manner. Deepen the reduction and quality improvement of local small and medium financial institutions and optimize their layout. Continuously regulate industry order and thoroughly rectify disorderly competition. Constantly improve the quality and efficiency of financial services to the real economy. Implement the “Five Major Articles” of finance, adhere to combining benefits for people’s livelihood and promoting consumption, with investments in goods and people, and increase financial support for key areas and weak links. Guide financial institutions to actively support special actions to boost consumption, strengthen full-chain and full-lifecycle financial services for technological innovation, and assist the development of new productive forces. Improve the catastrophic insurance protection system, vigorously develop commercial health insurance and long-term care insurance, and strengthen financial services for new employment groups.

By the end of Q4 2025, China’s insurance industry total assets reached 41.31 trillion yuan, a year-on-year increase of 15.1%

On March 13, the People’s Bank of China released data showing that, preliminary statistics indicate that by the end of Q4 2025, the total assets of China’s insurance institutions reached 41.31 trillion yuan, a year-on-year increase of 15.1%. The liabilities of insurance institutions were 37.65 trillion yuan, up 15.6% year-on-year.

◆Industry Focus

China Insurance Industry Association: Will Gradually Promote Demonstration Clauses for Humanoid Robot Insurance

Humanoid robot insurance is currently in its early stages. The China Insurance Industry Association stated that it will gradually promote demonstration clauses for humanoid robot insurance. Since the beginning of this year, many regions have introduced policies to stimulate market demand for robot insurance through premium subsidies and other measures. In Beijing, companies can insure complete humanoid robot products, with a subsidy of 50% of the actual premium, up to 1 million yuan annually; in Ningbo, a special subsidy for humanoid robot application insurance has been established, providing insurance subsidies of 80% of the actual annual premium for companies with premium rates not exceeding 3%.

Nine bank-affiliated insurance companies achieved a total net profit of over 19 billion yuan last year

Recently, the solvency reports for insurance companies in Q4 2025 have been nearly completed, revealing the operating conditions of bank-affiliated insurers. Data shows that in 2025, bank-affiliated insurers performed well, with nine companies collectively achieving insurance business revenue of 443.816 billion yuan, a year-on-year increase of 15.5%, and a total net profit of 19.366 billion yuan, up 65.5% year-on-year.

◆Personnel in Finance

China Reinsurance: Zhu Xiaoyun Approved as President

China Reinsurance announced that on March 17, 2026, it received approval from the National Financial Regulatory Authority for Zhu Xiaoyun’s appointment. According to the approval, the authority officially approved Zhu Xiaoyun’s appointment as President on March 16, 2026. Zhu Xiaoyun will assume office from that date, with a term until the expiration of the fifth board of directors, and may be re-elected upon term completion.

Yuan Wei Approved as Chairman of Ancheng Property & Casualty Insurance

On March 18, Chongqing Financial Regulatory Bureau announced approval for Yuan Wei’s appointment as Chairman of Ancheng Property & Casualty Insurance Co., Ltd. On September 28, 2025, Ancheng Insurance held a cadre meeting and nominated Yuan Wei as the company’s chairman candidate.

Ping An Asset Management: Zhang Jianying Appointed as General Manager

On March 19, the official website of Ping An Asset Management disclosed that, after approval at the 17th meeting of the seventh board of directors on September 12, 2025, and approval by the National Financial Regulatory Authority, Zhang Jianying was appointed as General Manager.

Dongfang Jiafu Life Insurance General Manager Liu Dayong’s Qualification Approved

On March 16, the Zhejiang Regulatory Bureau of the National Financial Regulatory Authority issued a reply approving Liu Dayong’s qualification as General Manager of Dongfang Jiafu Life Insurance Co., Ltd.

(Edited by: Qian Xiaorui)

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