Qianhai Reinsurance

Qianhai Reinsurance (Qianhai Re or QHR) is China’s third licensed domestic reinsurer focusing on treaty solutions. It offers property & casualty, life & health reinsurance, supported by strong capital and state backing. 

History of Qianhai Reinsurance 

QHR was approved for establishment in 2016 as a domestic reinsurer in China. It officially launched that year with strong backing from state and private investors.  

Qianhai Reinsurance began building its reputation with fast growth and a global outlook. The reinsurer marked steady progress through new markets, strong financials, and industry awards: 

• 2017: expanded into six Asian markets and earned RMB4 billion in premiums 
• 2018: launched Hong Kong cross-border reinsurance and reached 13 global regions 
• 2019: ranked 40th in AM Best’s global list and achieved profitability 
• 2020: received approval for a postdoctoral innovation base in Shenzhen 
• 2021: life and health reinsurance premiums passed RMB10 billion nationwide 
  • formed a tech joint venture and opened a new research institute 
  • rose to 34th in AM Best’s “Top 50 Global Reinsurers” 
• 2022: earned multiple Insurance Asia Awards for reinsurance and medical innovations. QHR also gained CPC approval for leadership structure and expanded social impact programs 

Its most recent milestone involved a strategic shareholder change in 2024 through a judicial auction. Prudential International acquired a 10 percent stake which shows growing foreign interest in Qianhai Re. 

Reinsurance products and services 

Qianhai Reinsurance aims to become a global brand in risk solutions and capital management. It offers treaty and facultative reinsurance across key lines, supported by in-house innovation: 

Property and casualty reinsurance 

• proportional reinsurance: reinsurer shares premiums and claims based on a fixed percentage 
• non-proportional reinsurance: reinsurer covers losses above a set amount or retention level 
• index-based catastrophe reinsurance: offers parametric products triggered by weather or disaster data, such as flood risk 
• reinsurance capital solutions: tailored capital support for clients with specific business or solvency needs 

Life and health reinsurance 

• life and health treaty coverage: supports life, medical, and accident insurers through over 80 partnerships 
• custom product innovation: includes new medical and accident reinsurance solutions launched in China 

In-house tools 

• non-standard underwriting system: digital tool that helps price and accept complex or substandard risks faster 

Qianhai Re helps clients manage risk and capital in a practical, forward-thinking way. Its services are built to strengthen reinsurance trust and long-term global resilience. 

Culture and core values 

Qianhai Reinsurance aims to make insurance more reliable and the world more resilient through action. Their values are: 

• customer-oriented 
• partner spirit 
• innovation-oriented 
• result-oriented 

Its long-term vision is to become a world-class specialist in managing risk and capital across markets. 

Workplace environment and benefits 

Qianhai Reinsurance puts customers first by building a diverse team that supports every step of service. Staff are given: 

• career development and training: uses an MD rank system with clear paths to grow skills and roles 
• incentive and remuneration mechanisms: competitive pay and rewards tied to long-term performance and value creation 
• flexible benefits: includes personal care plans that support health, balance, and individual needs 
• team collaboration: bonus programs and peer recognition support both team goals and individual results 
• sports and wellness activities: company-led events include hiking, football, fitness, and other group sports 
• culture building: fosters unity with shared values and clear role development across departments 

This culture attracts professionals with an entrepreneurial mindset who share the Qianhai Re partner spirit. Its workplace is shaped by mutual trust, strong values, and long-term commitment. 

Corporate social responsibility 

Qianhai Reinsurance acts with a spirit of care, using global reach to support urgent needs. Its public efforts include: 

• medical relief support: donated 20,000+ N95 masks and 3,800 protective suits 
• volunteer protection aid: insurance worth 500 million yuan to Red Star volunteers 
• agricultural reinsurance work: developed rural subsidy plans and risk-sharing structures 
• rural market support: bought unsold farm goods in Guangxi’s Hechi and Baise 
• flood recovery reinsurance: offered index-based rural insurance after Henan floods 
• cancer drug coverage: launched global special drug insurance for cancer patients 
• chronic care insurance: built tailored health plans for elderly and chronic illness groups 

Qianhai Re also built a digital system to help cover people once rejected by old models. This tool replaced manual underwriting by creating clear, fair risk rules for underserved patients. 

The future at Qianhai Reinsurance 

Prudential International bought a 10 percent stake in Qianhai Re through a court-directed auction. The stake was later passed to The Prudential Insurance Company of America. Foreign interest signals strong trust in QHR’s growth and market position. 

Qianhai Reinsurance is using technology to reshape how it handles risk and underwriting decisions. Its expansion into Hong Kong and other regions shows increasing strength in the global reinsurance market. The firm aims to support China’s ambition to build a world-class reinsurance hub.