China’s Insurers Tackle Challenges Amid Declining Returns

Chinese insurers are bracing for heightened operational challenges as they refine their risk control systems in response to diminishing returns, according to a report by S&P Global Ratings.

The anticipated shift toward closer collaboration between insurers and the government aims to strengthen China’s social safety net, particularly through the expansion of inclusive insurance offerings.

In the life insurance sector, growth is expected to slow as companies pivot toward floating-return policies to better address asset-liability mismatches. Meanwhile, property and casualty (P&C) insurers may see further contraction in underwriting margins as they increase catastrophe protection to meet rising national demands.

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