As of November 1, 2025, insurers must receive the premium payment before coverage can be issued or become effective under most non-life insurance policies. This “Cash Before Cover” (CBC) requirement changes how multinational programs should be structured and administered. For companies operating in China or including Chinese subsidiaries within global insurance programs, the rule has practical implications for timelines, payment coordination, and coverage continuity. Here

Global risk has entered a fundamentally new era. Traditional models built on historical trends, periodic reviews, and static underwriting assumptions are no longer sufficient. Today’s risk environment is dynamic, interconnected, and capable of shifting rapidly across geographies and sectors.