Fitch Ratings, a credit rating agency, reports that China’s non-life insurance sector continues to exhibit strong financial stability, which has supported consistent growth in premiums and improved underwriting outcomes during the first quarter of 2025.
According to Fitch Ratings, despite ongoing challenges related to tariff-driven trade tensions, the sector has benefited significantly from the rising sales of new-energy vehicles, which have helped drive growth in motor insurance premiums so far this year.
Fitch highlights that the non-life insurance industry maintained a solid solvency position under China’s Risk-Oriented Solvency System (C-ROSS), with the comprehensive solvency ratio standing at 239% at the end of March 2025.
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