# insurance regulation
Latest news and articles about insurance regulation
Total: 3 articles found
PICC Faces Wave of Regional Fines as Regulators Flag Widespread Compliance Failures
PICC Property and Casualty has received at least 15 regulatory penalties since the start of 2026, with regional branches fined for falsified data, misuse of policy terms, fabricated intermediary fees and refusal to accept cash. Regulators have issued fines, warnings and long-term industry bans, exposing systemic weaknesses in internal controls across the insurer’s local operations.
Widespread Branch-Level Misconduct: Major Chinese Insurer Hit with Dozens of Regional Fines in Early 2026
China United Property & Casualty Insurance has been hit with at least 15 regional regulatory penalties in early 2026 for widespread branch-level misconduct including falsified documents, fictitious intermediary fees, inflated agricultural insurance and unauthorised product changes. The sanctions, issued by the National Financial Regulatory Administration and its regional bureaus, highlight systemic control weaknesses and signal intensified supervisory scrutiny of insurers in China.
China Taiping’s P&C Business Hit with Fourth Regulatory Penalty This Year as Branches Cited for Fraud and Channel Misconduct
China’s National Financial Regulatory Administration has issued its fourth penalty this year against Taiping Property & Casualty Insurance Co., fining multiple local branches for misconduct including falsified financials, illicit agent arrangements and poor channel management. Regulators named branch managers personally responsible, signalling intensified oversight of distribution practices and internal controls across the insurance sector.