The China Disaster Prevention Association's Disaster Insurance and Risk Reduction Branch was established, and Ping An Property & Casualty Insurance Company was elected as the chairman of the unit.

Recently, the China Disaster Prevention Association's Disaster Insurance and Risk Reduction Branch, which is managed and guided by the China Disaster Prevention Association and led by PICC Property and Casualty Company Limited, was officially established at the 2025 Disaster Prevention and Mitigation Conference in Hangzhou, Zhejiang. PICC Property and Casualty Company Limited was elected as the chairman of the board.