Weekly Insurance Brief (6/26–7/3)

Caijing.com × Enterprise Early Warning App

◆ Industry Focus

Latest Insurance Industry Performance Released: Total Assets Surpass 43 Trillion RMB, Premium Growth Exceeds 4% in the First Five Months

The “performance report” for the first five months of the insurance industry has recently been released. The National Financial Regulatory Administration recently published the latest operating status table for the insurance industry. In the first five months of 2026, the insurance industry recorded gross premium income of 3.19 trillion RMB for original insurance, a year-on-year increase of about 4.27%. As of the end of May, total insurance assets reached 43.23 trillion RMB, up 4.64% from the beginning of the year.

Insurance Sales Classification and Grading: Professional Competence Is the Pass

The “Self-disciplinary Rules for the Management of Insurance Product Suitability” released by the China Insurance Industry Association in March this year will officially take effect on July 1. This means that going forward, there will be clear definitions for who sells what insurance and what insurance is sold to which people, forcing the insurance industry to return to the original purpose of providing protection and services. Industry insiders said that for every practitioner, professional competence is no longer an added advantage—it is an essential survival pass.

Compressing the Space for Sales That Rely on Pie-Charts: Dividend Insurance Illustration Rate Cap to Be Adjusted

Starting July 1, the maximum illustration rate cap for dividend insurance sold across the whole market will be lowered from 3.9% to 3.5%. Products with an illustration rate higher than 3.5% need to complete changes and filings before June 30, or submit to stop selling. As this rate-cap adjustment checkpoint approaches, insurance marketing copy featuring terms like “interest rate cut coming,” “don’t miss out,” “countdown,” “limited edition,” and “the last boarding opportunity” has been active in朋友圈和社交平台 (WeChat Moments and social platforms). Research found that this adjustment does not affect the contract illustration rate for dividend insurance, so it may not impact consumers’ actual returns; it mainly compresses the space for sales that rely on tempting “pie-chart” promises.

◆ Company News

Lujiazui Cathay Life Insurance Plans to Increase Capital to 5 Billion RMB: Two Major Shareholders Increase Capital Proportionally

On June 29, Lujiazui Cathay Life Insurance Co., Ltd. issued an announcement stating that, following deliberation and approval by the shareholders’ meeting, the company approved the proposal to increase registered capital. It agreed to increase capital by 2 billion RMB, with the existing shareholders Shanghai Lujiazui Financial Development Co., Ltd. and Cathay Life Insurance Co., Ltd. each injecting 1 billion RMB, accounting for 50% each of the additional capital. The implementation will be carried out after approval by regulatory authorities. If this capital increase is approved, Lujiazui Cathay Life Insurance’s registered capital will rise to 5 billion RMB, with Lujiazui Financial Development and Cathay Life Insurance still holding 50% each.

◆ Finance & Personnel

China Life Property & Casualty: Zhang Daoming Approved to Serve as Company Vice President

On July 1, China Life Property & Casualty released an announcement stating that it recently received a reply from the National Financial Regulatory Administration regarding the appointment qualifications of Zhang Daoming as vice president of China People’s Insurance Group Co., Ltd. (Jin Fu [2026] No. 352). According to the above reply, the National Financial Regulatory Administration has approved Zhang Daoming’s appointment qualifications to serve as the company’s vice president.

Miao Yongsheng Approved to Serve as General Manager of Yan Zhao Property & Casualty

On June 26, the Hebei Financial Regulatory Bureau issued a reply on the appointment qualifications for Miao Yongsheng as general manager of Yan Zhao Property & Casualty Insurance Co., Ltd., approving the appointment qualifications of Miao Yongsheng as general manager of Yan Zhao Property & Casualty Insurance Co., Ltd.

Li Min Approved to Serve as Vice President of Guo Ren Insurance

On June 26, the Shenzhen Financial Regulatory Bureau released information on administrative licensing, approving Li Min to serve as vice president of Guo Ren Insurance.

(Editor: Qian Xiaorui)

Keywords: