Taibao Property & Casualty General Manager Chen Hui: By 2025, the company's new energy vehicle insurance growth rate will surpass the overall auto insurance growth rate, and the substitution rate of new energy vehicles will continue to increase in the future.

MaticHoleFiller · 2026-03-28T11:13:22+00:00

On March 27, the financial frontline reported that China Pacific Insurance (CPIC) held its 2025 annual performance briefing today. Regarding the new energy vehicle insurance business, CPIC Property & Casualty General Manager Chen Hui stated that in 2025, the premium income from new energy vehicle insurance reached 25.017 billion yuan, accounting for 22.6% of the overall auto insurance business, a year-on-year increase of 5.6 percentage points. The growth rate of new energy vehicle insurance outpaced that of the overall auto insurance sector, thanks to the company's early strategic layout in the new energy field. Looking ahead at future operations, we believe the substitution efficiency of new energy vehicles will continue to improve.On the other hand, CPIC P&C further implements the service of national strategies and automakers. By 2025, the company has made significant breakthroughs in the overseas expansion of new energy vehicles, focusing on supporting automakers' "going global" strategies. Through a model of "technology export plus local services," it successfully provided services for leading automakers in Thailand.

MaticHoleFiller

2026-03-28 11:13:22

On March 27, financial frontline news reported that China Pacific Insurance held its 2025 performance briefing today. Regarding the new energy vehicle insurance business, Chen Hui, General Manager of China Pacific Property Insurance, stated that the premium income from new energy vehicle insurance will reach 25.017 billion yuan in 2025, accounting for 22.6% of the overall auto insurance business, which is an increase of 5.6 percentage points year-on-year. The growth rate of new energy vehicle insurance is higher than that of the overall auto insurance business, benefiting from the company’s earlier strategic layout in the new energy sector. Looking at future operations, we believe that the replacement efficiency of new energy vehicles will continue to improve.

On the other hand, China Pacific Property Insurance further implements services for national strategies and supports automotive enterprises. In 2025, the company will closely focus on the strategy of helping automotive enterprises “go global,” achieving significant breakthroughs in new energy exports. By adopting a “technical output plus local service” model, it has successfully landed multiple batches of insurance policies for leading automotive enterprises in markets such as Thailand and Vietnam, providing risk protection for a total of 22,000 exported vehicles.

Looking forward to the new year, Chen Hui stated that the company will align with the trend of Chinese automotive enterprises’ overseas development, continuously deepen cooperation with automotive enterprises to accelerate the standardization and promotion of business models, and also hopes to elevate service levels to a higher standard.

Massive information and precise interpretations are available on the Sina Finance APP.

Editor: Wang Xinru

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