The China Banking and Insurance Regulatory Commission has expanded the “Car Insurance Easy to Buy” platform, originally set up in January 2025 with the Insurance Association of China and the Shanghai Insurance Exchange to take on high-loss new energy vehicle motor insurance, to also cover high-claims-risk fuel commercial vehicles facing difficulties obtaining insurance through standard channels. Eligible owners can use the platform to choose an insurer and apply for cover, and participating insurers are not permitted to refuse underwriting. Since launch, more than 1.10 million new energy vehicles have been insured through the platform, providing more than CNY 1.1 trillion in risk protection. The newly added eligible vehicle types include taxi passenger vehicles (including ride-hailing bookings), leased commercial passenger vehicles, commercial freight trucks, and fuel non-commercial freight trucks; individual customers can apply via the platform’s WeChat and Alipay channels, while corporate customers register their demand online and the selected insurer will contact them to provide offline underwriting services. The regulator will next guide the Insurance Association of China and the Shanghai Insurance Exchange to strengthen a regular monitoring mechanism to support the platform’s safe and stable operation and improve service quality.
China Banking and Insurance Regulatory Commission 2025-10-28
China Banking and Insurance Regulatory Commission adds high-claims fuel taxis and trucks to the Car Insurance Easy to Buy platform
The China Banking and Insurance Regulatory Commission has expanded the "Car Insurance Easy to Buy" platform to include high-claims-risk fuel commercial vehicles, alongside new energy vehicles. Since its launch, the platform has insured over 1.10 million vehicles, providing more than CNY 1.1 trillion in risk protection. The regulator plans to enhance monitoring mechanisms to ensure the platform's stable operation and service quality.