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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Monday, August 24, 2026

PICC

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.
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.
chinese-insurers-pay-us2-2m-in-expedited-claims-after-deadly-hunan-fireworks-factory-explosion
Chinese insurers pay US$2.2m in expedited claims after deadly Hunan fireworks factory explosion
May 7 2026
The blast killed at least 21 people and injured 61, prompting insurers to activate fast-track claims, with some payouts within 24 hours.
picc-posts-double-digit-profit-growth-as-life-new-business-and-pc-underwriting-surge
PICC posts double‑digit profit growth in 2025 as P&C underwriting profit and Life VNB surge
March 27 2026
P&C underwriting profit surged 119.4%, while value of new business jumped 64.5%.
picc-pc-inks-new-reinsurance-deals-with-picc-hk-picc-re
PICC P&C inks new reinsurance deals with PICC Re, PICC HK
January 2 2026
The twin agreements position PICC P&C in a central underwriting role as the PICC Group pushes for Belt and Road-related expansion in 2026.
chinese-insurers-roll-out-robot-liability-products-as-humanoid-use-expands
More Chinese insurers roll out robot liability products as humanoid robot use expands
November 26 2025
Ping An and PICC have introduced specialised insurance products for humanoid robots, following CPIC’s lead with its launch last month.
chinese-insurers-dominate-global-race-to-underwrite-renewable-energy-as-apac-logs-premium-growth-iof
Chinese insurers outpace rivals in renewable energy insurance growth
September 11 2025
IOF data shows PICC posted US$89m in renewable energy premium growth.
chinese-insurers-boost-stocks-to-stabilise-domestic-mmarket-amid-declining-bond-yields-report
Chinese insurers boost stocks to stabilise domestic market amid declining bond yields: Report
August 29 2025
Chinese insurers saw stock holdings increase by 48% to 3.07 trillion yuan, according to the National Financial Regulatory Administration.
am-best-revises-outlook-for-picc-hk-to-positive-on-diversified-business-capital-strength
AM Best revises outlook for PICC HK to 'Positive' on diversified business, capital strength
July 21 2025
The insurer achieved a 65% growth in GWPs from 2020 to 2024.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.