China

Two yellow vans partially submerged in muddy floodwater on a city street, with trees, a river, and tall buildings in the background.

APAC catastrophe losses remain subdued in H1 2026 as global protection gap widens: Aon

July 22 2026

The region's costliest event was seasonal flooding in China, which generated approx. US$4.9bn in economic losses.

AI chip symbol representing AI expansion in P&C insurance by Ping An.

Ping An reports 80% efficiency gain as AI expands across P&C operations

July 21 2026

The insurer said automation has cut motor policy processing times, doubled underwriter capacity and strengthened risk screening.

Joe Liang, reinsurance executive chairman for Greater China at Aon, in front of Hong Kong skyline.

Aon names Joe Liang as reinsurance executive chairman for Greater China

July 20 2026

The Hong Kong-based actuary joins after a career spanning senior underwriting and reinsurance roles at Ping An P&C and SAIC Insurance in China and the US.

Angus Cheung, promoted to lead hull and liability at QBE North Asia.

QBE promotes Angus Cheung to lead hull and liability in North Asia

July 17 2026

Cheung, who has spent nine years at QBE, takes on a wider remit across Greater China, Vietnam and Japan.

Fallen tree blocking a city street after a typhoon in China, causing disruption.

China insurers field 380,000 claims as July typhoon, flood claims approach US$1bn

July 17 2026

The figures cover losses from typhoons Maysak and Bavi and wider July flooding, with insurers having already advanced CNY2.89bn (US$427m) to policyholders across Zhejiang, Guangxi and Hubei.

Hong Kong skyline with financial graphs overlay, related to PICC HK ratings upgrade.

AM Best upgrades PICC Hong Kong as inward reinsurance book grows

July 16 2026

The insurer's push into Chinese Interest Abroad business helped to drive double-digit top-line growth.

Vincent Wang, marine risk engineer, with ships in the background.

Markel appoints Shanghai-based marine risk engineer to build out Greater China capabilities

July 16 2026

Vincent Wang brings over 16 years of marine experience to the role.

Business professional with a cargo ship in the background at sea.

Starr taps Sparks Lai as head of marine business development for North Asia

July 16 2026

He joins from Generali Global Corporate & Commercial, where he most recently served as business development manager for marine.

Satellite image of a large hurricane swirling over the western Pacific near the Philippines and East Asia.

Typhoon Bavi: Zhejiang-based insurers pay US$11m as claims mount

July 16 2026

Ping An’s claim count surged more than fivefold in two days as insurers continued assessing losses from the storm.

Riverside village with wooden stilt houses along a muddy brown river under a cloudy sky, with green trees in the background.

Asia nat cat insured losses ease in H1 2026, but cyclone risk clouds outlook — Gallagher Re

July 15 2026

Asia recorded its lowest first-half insured catastrophe losses since 2017, but more than US$6bn in flood-driven economic losses in China underscored the region's significant protection gap.

Aerial view of a modern city with a twin-towered building by the water and a circular stadium in the foreground, under a clear blue sky.

China publishes new measures to accelerate build-out of Shanghai reinsurance centre

July 14 2026

The eight-point plan seeks to lift trading volumes, strengthen reinsurers' capital, and bring more international capacity into China's market.

Close-up of a political map focusing on China and surrounding countries, with India to the southwest.

Typhoon Bavi triggers 6,000 early claims as Zhejiang begins recovery

July 13 2026

China's insurers are processing thousands of claims following Typhoon Bavi's landfalls in Zhejiang, with Ping An, PICC and China Pacific reporting early losses and payouts.

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