PICC P&C (中国人民财产保险股份有限公司) (People's Insurance Company of China (state-owned))
Cybersecurity Insurance
网络安全保险 (incl. "Carefree on Cloud" / "无忧云")
by PICC P&C (中国人民财产保险股份有限公司)
B2BBDirect—Domestic onlyMandarin
Last updated 29.04.2026
Product Details§ 01
Max Insurance Limit
Bespoke.
Min Premium / Revenue
No revenue threshold published
Market Focus
Mid-market, Large
AM Best Rating
Not rated by AM Best.
MGA / Direct
No – Direct insurer (state-owned).
Policy Language
Mandarin
NIS2 / DORA Support
Not applicable.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned).
Geographic Scope
Domestic only.
Broker Only
No
Advantages & Limitations§ 02
Advantages
- Largest P&C insurer in China (market share #1; total P&C premium income ~RMB 538B across all lines, 2024).
- Cybersecurity insurance protection amount grew 31.3% YoY in 2024.
- Included in MIIT cybersecurity insurance pilot programme.
- "Carefree on Cloud" (无忧云) and "Computing Chain Insurance" products for cloud and computing power risks.
- Broad first-party and third-party coverage: hacker attacks, data breach, BI, extortion.
- In-house claims team with national network.
- AI-powered claims (PICC Zhiyou platform).
Limitations
- China domestic product (RMB-denominated) for critical infrastructure.
- NFRA-regulated; no international cyber standard alignment.
- Foreign access restricted (requires JV or local entity).
- War exclusion includes "cyber warfare" between states.
Contact & Response§ 03
Customer Contact
24/7 Crisis Hotline
95518 (PICC 24/7 national hotline)
Broker Contact