This move is intended to provide shipowners, operators, and charterers with additional channels to access marine insurance solutions – combining The Swedish Club’s international experience with Ping An’s local market presence.
The agreement represents The Swedish Club’s first formal partnership of this nature in China.
The club, which has maintained a presence in Hong Kong since 1982, aims to reinforce its commitment to the Chinese shipping and insurance sectors through this collaboration.
“China is at the heart of global shipping, and working alongside Ping An enables us to serve our members with even greater efficiency, insight, and local presence. Together, we can deliver world-class solutions tailored to the evolving needs of the Chinese maritime industry,” said Thomas Nordberg, managing director of The Swedish Club.
Under the terms of the partnership, members of The Swedish Club will benefit from Ping An’s extensive network and local infrastructure, which is expected to facilitate faster and more accessible service.
The collaboration is also designed to integrate international best practices with Ping An’s understanding of the Chinese market, supporting the development of innovative risk management and insurance solutions.
Shi Liangxun (pictured left), general manager of Ping An P&C Insurance, commented: “We are delighted to partner with The Swedish Club, a trusted name in global marine insurance. This collaboration allows us to bring even greater value to our clients in the shipping industry, while reinforcing China’s position as a hub for global maritime trade.”
The partnership is set to focus on three main areas: improving local support for members, sharing expertise to deliver tailored insurance products, and promoting sustainable growth in China’s maritime sector.
Ping An Insurance (Group) Company of China reported steady financial results for the first half of 2025 (H1 2025).
The group’s operating profit attributable to shareholders reached RMB77.73 billion, an increase of 3.7% compared to the previous year. Net profit was RMB68.05 billion, and total revenue for the period amounted to RMB546.47 billion.
Shareholders’ equity rose 1.7% to RMB943.95 billion, and an interim cash dividend of RMB0.95 per share was declared, up 2.2% year-on-year.
Ping An P&C’s premium income grew by 7.1% to RMB171.86 billion, while insurance revenue increased by 2.3% to RMB165.66 billion. The combined operating ratio improved to 95.2%, a change of 2.6 percentage points.
The company’s adoption of artificial intelligence in claims management has been notable, with the Ping An Auto Owner app reaching nearly 251 million registered users. The EagleX Risk Mitigation Service Platform issued 259,000 disaster alerts to 64.02 million customers.
