Ping An Insurance , Asia ’s second - largest insurer by market value , posted a 38 % rise in annual net profit last year . Life insurance generated 35 % of earnings and affected homes and drivers a further 23 % . The company ’s robust performance reflects the wider insurance market ; according to China ’s insurance regulator , Chinese insurers pulled in ¥ ##500 ( $ 370bn ) of premiums in 2015 , up 20 % YoY and listed groups have reported a 43 % YoY increase in premium ##s in January . China's insurance sector is booming even as the rest of the economy slows. This trend looks set to continue as China ’s growing middle class purchases more protection insurance .
Ping An Insurance , Asia ’s second - largest insurer by market value , posted a 38 % rise in annual net profit last year . Life insurance generated 35 % of earnings and affected homes and drivers a further 23 % . The company ’s robust performance reflects the wider insurance market ; according to China ’s insurance regulator , Chinese insurers pulled in ¥ ##500 ( $ 370bn ) of premiums in 2015 , up 20 % YoY and listed groups have reported a 43 % YoY increase in premium ##s in January . This trend looks set to continue as China ’s growing middle class purchases more protection insurance .