According to data released by the China Insurance Industry Association on July 31, the insurance market was generally running smoothly in the first half of 2026, and the business structure continued to be optimized. The original insurance premium income was 3.86 trillion yuan, up 3.3% year on year; compensation and benefit expenses were 1.4 trillion yuan, up 3.8% year on year. In the first half of the year, property insurance companies achieved original insurance premium income of 984.6 billion yuan, an increase of 2.1% year on year; personal insurance companies achieved original insurance premium income of about 2.87 trillion yuan, an increase of 3.6% year on year; and the market share of foreign insurance companies rose to 9.7%. Fang Yong, Deputy Secretary General of the China Insurance Industry Association, explained at the second regular press conference in 2026 held on the same day that currently, in response to natural disasters such as torrential rains, floods, typhoons, and earthquakes in 20 provinces including Guangxi, Hubei, and Gansu, the insurance industry has received 533,000 reports, estimated losses of 11.05 billion yuan, and has paid 5.53 billion yuan, of which 5.21 billion yuan has been paid for torrential rains, floods and typhoon disasters. Fang Yong said that before the disaster, local insurance industry associations issued guidelines for mutual recognition of car insurance disasters, and insurance institutions carried out risk investigations, emergency drills, and pre-reserve relief supplies and cross-regional support; during the disaster, emergency response was initiated at the provincial and municipal levels, and relied on police and government insurance to implement undifferentiated free rescue; after the disaster, the insurance industry implemented “three exemptions and four express” convenience services to fully support post-disaster reconstruction. Currently, claims processing is progressing in an orderly manner, and the insurance industry will continue to track the disaster situation to help the affected regions restore normal production and life order as soon as possible.

According to data released by the China Insurance Industry Association on July 31, the insurance market was generally running smoothly in the first half of 2026, and the business structure continued to be optimized. The original insurance premium income was 3.86 trillion yuan, up 3.3% year on year; compensation and benefit expenses were 1.4 trillion yuan, up 3.8% year on year. In the first half of the year, property insurance companies achieved original insurance premium income of 984.6 billion yuan, an increase of 2.1% year on year; personal insurance companies achieved original insurance premium income of about 2.87 trillion yuan, an increase of 3.6% year on year; and the market share of foreign insurance companies rose to 9.7%. Fang Yong, Deputy Secretary General of the China Insurance Industry Association, explained at the second regular press conference in 2026 held on the same day that currently, in response to natural disasters such as torrential rains, floods, typhoons, and earthquakes in 20 provinces including Guangxi, Hubei, and Gansu, the insurance industry has received 533,000 reports, estimated losses of 11.05 billion yuan, and has paid 5.53 billion yuan, of which 5.21 billion yuan has been paid for torrential rains, floods and typhoon disasters. Fang Yong said that before the disaster, local insurance industry associations issued guidelines for mutual recognition of car insurance disasters, and insurance institutions carried out risk investigations, emergency drills, and pre-reserve relief supplies and cross-regional support; during the disaster, emergency response was initiated at the provincial and municipal levels, and relied on police and government insurance to implement undifferentiated free rescue; after the disaster, the insurance industry implemented “three exemptions and four express” convenience services to fully support post-disaster reconstruction. Currently, claims processing is progressing in an orderly manner, and the insurance industry will continue to track the disaster situation to help the affected regions restore normal production and life order as soon as possible.