Chinese insurance market in good shape in H1 2022

In the first half of 2022, the Chinese insurance market has recorded 2.8 trillion CNY (417 billion USD) in collected premiums, increasing by 5.1% compared to the same period in 2021. Paid claims grew by 3.1% to reach 776.8 billion CNY (116 billion USD) during the same period.

The overall assets totaled 26.6 trillion CNY (3.969 trillion USD) by the end of June 2022, representing a 1.8 trillion CNY (268 billion USD) growth compared to the recorded amount.

According to the China Banking and Insurance Regulatory Commission, the market has maintained a stable growth performance and has a strong capacity to face risks and support the country's economy.