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2026-08-04T05:49:06.929Z

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China Insurance Sector Grows Steadily

China Insurance Sector Grows Steadily

The insurance industry in China experienced steady growth during the first half of 2026, with insurance premium revenues reaching 3.86 trillion yuan (approximately $568.5 billion), a 3.3% increase compared to the previous year. Property insurance companies saw a 2.1% rise in their premium revenues, while life insurance premium income grew by 3.6%. The non-automotive insurance sector, particularly insurance related to technology and agriculture, also saw significant gains, with its share of total premium revenues surpassing 54%. Participating premiums increased sharply by 94.4%, reaching 1.01 trillion yuan, amid a trend towards greater specialization and product development. These developments are part of the government's plans to strengthen and make the insurance industry more competitive by 2035.

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