Insurance Weekly Overview (3.13—3.20)

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◆Regulatory Voice

State Administration of Financial Supervision: Improve the Catastrophic Insurance Guarantee System and Vigorously Develop Commercial Health Insurance

March 16th, the Party Committee of the State Administration of Financial Supervision 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 investment in goods and investment in 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 guarantee system, vigorously develop commercial health insurance and commercial long-term care insurance, and strengthen financial services for new employment groups.

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

On March 13th, 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 industry institutions were 41.31 trillion yuan, a year-on-year increase of 15.1%. The liabilities of insurance institutions amounted to 37.65 trillion yuan, a year-on-year increase of 15.6%.

◆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 and receive a subsidy of 50% of the actual premium, with a maximum of 1 million yuan per year; 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 close of the 2025 Q4 solvency reports of insurance companies was announced, revealing the operating status of bank-affiliated insurers. Data shows that in 2025, bank-affiliated insurers performed well, with 9 such companies achieving a combined insurance business income of 443.816 billion yuan, a year-on-year increase of 15.5%, and a total net profit of 19.366 billion yuan, a year-on-year increase of 65.5%.

◆Personnel in Finance

China Reinsurance: Zhu Xiaoyun Approved as President

China Reinsurance announced that on March 17, 2026, it received the approval from the National Financial Regulatory Authority for Zhu Xiaoyun’s appointment. According to the approval, the National Financial Regulatory Authority officially approved Zhu Xiaoyun’s appointment as President on March 16, 2026. Zhu Xiaoyun will assume office from that date, with a term lasting 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 18th, the Chongqing Financial Regulatory Bureau issued a reply confirming Yuan Wei’s qualification to serve 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 19th, 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.

Liu Dayong’s Qualification as General Manager of Dongfang Jiafu Life Approved

On March 16th, 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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