Zhe Bo from China People's Insurance: The integration of non-vehicle insurance and claims management will significantly improve the overall cost ratio.

On August 28, at the China Reinsurance Group's 2025 mid-term performance release conference, regarding the integration of reporting and underwriting for non-auto insurance, Vice President of China Reinsurance and President of China Property Insurance, Yu Ze, stated that in March, the China Banking and Insurance Regulatory Commission solicited industry opinions on the integration of reporting and underwriting for non-auto insurance, and it is currently being pushed forward intensively. It is expected to be implemented in the fourth quarter of this year. The document mainly aims to regulate the non-auto insurance business of property insurance, urge property insurance companies to strictly comply with the reporting of insurance terms and premium rates, effectively control the risk of outstanding premiums, promote cost reduction and efficiency improvement in the property insurance industry, enhance internal driving forces, and better serve livelihood security and the real economy. Ze stated that the integration of reporting and underwriting for non-auto insurance will greatly improve the company's overall combined ratio. It is expected that the policy will have an impact in the fourth quarter after implementation, with minimal impact on the whole year, but it will bring about a significant improvement in the profitability of the entire non-auto insurance industry in 2026.