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Shenzhen Financial Regulatory Bureau: By the end of 2025, the annual gross insurance premium income in the insurance industry within the jurisdiction is expected to grow by 11.22% year-on-year.
Recently, the Shenzhen Financial Regulatory Bureau released the “Report on Promoting High-Quality Financial Services Development by 2025” (hereinafter referred to as the “Report”). The Report shows that by the end of 2025, the bank deposits and loans within the jurisdiction reached 10.32 trillion yuan and 9.96 trillion yuan, respectively, with year-on-year growth of 5.63% and 5.17%. The full-year gross insurance premium income was 217.798 billion yuan, an increase of 11.22% year-on-year, surpassing the national average and ranking first among first-tier cities.
In addition, Shenzhen also issued the country’s first third-party liability insurance service guide for unmanned aerial vehicles, launched the first “Low Altitude Weather Insurance” policy and the initial batch of “Air Chain Insurance” policies; introduced products such as high-age building safety insurance, elevator insurance, and building curtain wall insurance.