FINANCE

President of China’s Biggest Property Insurer Under Investigation

Published: Dec. 1, 2025 5:32 p.m. GMT+8

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Yu Ze

Chinese property insurance giant PICC Property and Casualty Co. Ltd. is facing renewed scrutiny as President Yu Ze is under investigation by authorities, industry insiders with knowledge of the matter told Caixin.

Yu, 54, was still in the office Friday, before news that he had been taken away by authorities spread through the company the following day, a person close to PICC said.

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Explore the story in 30 seconds

PICC, China's largest property insurer with a 37.5% market share, is under renewed scrutiny.
President Yu Ze, with over 30 years in the insurance sector, is being investigated by authorities.
At least 10 mid- and senior-level insurance executives in China have faced investigations or legal actions in 2024.

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Who’s Who

PICC Property and Casualty Co. Ltd.: PICC Property and Casualty Co. Ltd. (中国人民财产保险股份有限公司) is China's largest property insurer, holding a significant 37.5% market share in premium income last year. The company is currently under scrutiny as its President, Yu Ze, is being investigated by authorities. This comes amid heightened anti-corruption pressure within China's insurance sector.

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