Underwriting in China’s commercial insurance sector remains disciplined and selective, with insurers prioritising profitability. According to Aon’s Q3 2025 Global Insurance Market Insights Report, the market is generally operating under moderate to soft pricing conditions.
The Directors and Officers (D&O) liability segment is experiencing upward pressure, representing a key exception to the otherwise buyer-friendly market. Capacity is sufficient across most business lines, although limitations exist in the automobile sector.
Renewals are primarily conducted with expiring limits and deductibles. However, well-performing risks are able to increase coverage limits or reduce deductibles.
Chinese insurers are increasingly focusing on digital innovation and scenario-based customised solutions. Jia Dai, CEO of Commercial Risk Solutions at Aon-COFCO, emphasised that these strategies allow for risk-specific solutions tailored to different industries.
Beyond traditional risk transfer, insurers are establishing an open and shared ecosystem, collaborating with upstream and downstream industries, technology providers, and service organisations.
Overview of China’s Commercial Insurance Market
| Topic | Details |
|---|---|
| Market Status | Moderate to soft; D&O exception |
| Underwriting | Disciplined and selective |
| D&O Liability | Upward pressure |
| Capacity | Sufficient overall; limited in automobile |
| Renewals | Expiring limits/deductibles; top risks may increase or reduce |
| Digital Innovation | Scenario-based customised solutions |
| Collaboration | Open ecosystem with industries, tech, and service providers |
AJ
Source- InsuranceAsia