China’s insurance industry recorded steady growth in the first quarter of 2025, with total original insurance premium income reaching RMB 2.2 trillion, a year-on-year increase of 0.8%, according to the latest data from the National Financial Regulatory Administration.
While premium growth remained modest, claims and benefits paid by insurers saw a significant increase, rising 12.2% year-on-year to RMB 827.4 billion. This reflects a higher volume of insurance payouts during the period.
In addition, new insurance policies issued in Q1 totalled 24.9 billion, marking a strong 20.7% increase compared to the same period last year. The jump in new policy numbers suggests a continued expansion in market demand and growing public interest in insurance coverage.
The data provides a snapshot of a stabilising yet dynamic insurance sector, with premium income growth recovering gradually and policyholder engagement reaching new highs.
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