🇨🇳 China
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
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Last updated 29.04.2026

Cybersecurity Insurance / 网络安全保险 (incl. "Carefree on Cloud" / "无忧云") is a cyber insurance product underwritten by 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)), available in China. It is aimed at mid-market companies and large enterprises. Coverage limits reach up to Bespoke.. The carrier holds an AM Best rating of Not rated by AM Best.. It can be approached directly through the provider.

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
https://property.picc.com/
24/7 Crisis Hotline
95518 (PICC 24/7 national hotline)
Broker Contact
https://property.picc.com/

Frequently asked questions§ 04

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Who is Cybersecurity Insurance / 网络安全保险 (incl. "Carefree on Cloud" / "无忧云") designed for?

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) targets mid-market companies and large enterprises in China. Geographic scope: Domestic only..

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Does Cybersecurity Insurance / 网络安全保险 (incl. "Carefree on Cloud" / "无忧云") help with NIS2 or DORA compliance?

PICC P&C (中国人民财产保险股份有限公司) indicates the following NIS2/DORA support for this product: Not applicable..

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How can I buy Cybersecurity Insurance / 网络安全保险 (incl. "Carefree on Cloud" / "无忧云") in China?

You can approach PICC P&C (中国人民财产保险股份有限公司) directly (https://property.picc.com/) or via the provider's website. Compare it with alternatives in China on Ryskly first.