China's insurance premiums rise 3.3% in H1 2026

The Chinese insurance market recorded premium income of 3.86 trillion yuan (about $568 billion) in the first half of 2026, a 3.3% increase year‑on‑year, according to the Chinese Insurance Association (IAC). Premiums in the property‑damage line grew 2.1% while life‑insurance premiums rose 3.6%.

Non‑auto insurance products accounted for 534.26 billion yuan, representing 54% of total damage‑line premiums and overtaking traditional auto policies for the first time. Profit‑participating life policies surged 94.4% to 1.01 trillion yuan, reflecting growing demand for policies that combine protection with investment returns. Industry officials such as IAC vice‑secretary‑general Fang Yong and researcher Fu Yifu note that insurers are expanding into technology and agricultural coverage and improving asset‑liability management.

The growth aligns with Beijing’s long‑term plan to make China’s insurance sector one of the world’s most competitive by 2035, emphasizing diversified products, modern supervision and stronger financial capacity.