The 2026 Shanghai International Reinsurance Conference was held in Lin-gang Special Area from Oct 27 to 30, drawing a record number of reinsurance institutions, regulatory bodies, and experts from nearly 40 countries and regions.

New rules allowing insurers to invest income from cross-border reinsurance business overseas were unveiled at the opening ceremony. Under the program, domestic insurers and their branches can invest net income earned from cross-border reinsurance inward transactions in overseas markets, in line with relevant regulations.

New rules allowing insurers to invest income from cross-border reinsurance business overseas are unveiled at the 2026 Shanghai International Reinsurance Conference. [Photo/WeChat ID: shlgguanweihui]

This initiative is expected to diversify domestic insurers' options for managing investment horizons, balancing costs and returns, and hedging against exchange rate risks, while improving capital utilization and asset-liability management. It will also help Shanghai connect the two sides of the reinsurance business: global risk coverage and global asset allocation.

The first four participating institutions — PICC Property and Casualty, China Pacific Property Insurance, Ping An Property Insurance, and China Property & Casualty Reinsurance — launched the pilot along with three partner banks — Industrial and Commercial Bank of China, Bank of China, and China Construction Bank — and Shanghai International Reinsurance Exchange.