Group 1 - The China People's Property Insurance Company has been ordered to cease operations at its Wangjiazai marketing service department in Liupanshui City within 15 working days and return its license to the local financial regulatory bureau [2][3] - The company is required to handle all necessary follow-up actions to protect the legal rights of financial consumers and to make public announcements as per regulations [2][3]

Core Insights - The insurance industry is undergoing a paradigm shift in its competitive model, moving away from traditional price and cost-based competition towards a focus on pricing, risk control, and specialized service capabilities [2] - Non-auto insurance is identified as a key area for the industry to fulfill its dual functions and support national development, with China Pacific Insurance aiming to strengthen its non-auto insurance segment while maintaining its auto insurance advantages [2] - The company has developed a comprehensive operational process for overseas markets, covering 138 countries and regions, providing risk protection amounting to 1.7 trillion yuan [2] Summary by Sections - **Industry Competition**: The competitive landscape is evolving due to declining interest rates and regulatory changes, necessitating a shift towards specialized capabilities in pricing and risk management [2] - **Focus on Non-Auto Insurance**: China Pacific Insurance plans to enhance its non-auto insurance offerings to align with national development goals and economic modernization [2][3] - **International Expansion**: The company has established a mature operational framework for international markets, supporting Chinese brands and enterprises abroad [2]

Core Insights - The event held by China Life Insurance and China Property Insurance on November 7, 2025, focused on the strategic framework and outlook for non-auto insurance development, highlighting its growing importance in the insurance sector [1] Group 1: Non-Auto Insurance Growth - Non-auto insurance has become a significant part of the property insurance sector, accounting for 50.1% of total premiums as of 9M25, up from 37.1% at the end of 2019, with a premium income of 0.69 trillion yuan, reflecting a year-on-year growth of 5.4% [1] - The non-auto insurance sector is expected to continue expanding due to various factors, including increased foreign direct investment, growth in personal insurance needs, and rising healthcare demands driven by demographic changes [2] Group 2: Strategic Initiatives - The company is accelerating its overseas business in response to national policies, with foreign direct investment flows reaching 192.2 billion USD in 2024, a year-on-year increase of 8.4% [3] - The company has been focusing on internet-based insurance services, achieving a compound annual growth rate (CAGR) of 46.8% over the past eight years, with a market share of 37% in the health insurance segment [3] Group 3: Future Outlook - The implementation of a unified pricing system for non-auto insurance is expected to optimize the cost of risk (COR) structure, similar to the improvements seen in auto insurance, potentially leading to increased underwriting profit [4] - The company maintains a strong recommendation rating, with expectations of steady profit growth driven by operational efficiency and improved cost management, projecting net profits of 54.1 billion, 57 billion, and 58.9 billion yuan for 2025-2027 [5]

Core Insights - The core viewpoint of the articles is that China Pacific Insurance (601319.SH) is focusing on non-auto insurance as a key growth area for premiums and profits during the 14th Five-Year Plan and beyond [2] Group 1: Non-Auto Insurance Business - The non-auto insurance business is expected to become a significant growth point for China Pacific Insurance's premiums and profitability [2] - The changing competitive landscape in the insurance industry necessitates a shift from traditional competition based on price and costs to a focus on pricing, risk control, and specialized capabilities [2] - The company aims to deepen its understanding of risk characteristics and demand changes in the non-auto insurance sector, emphasizing long-termism and enhancing core competitiveness through specialization, digitalization, and integration [2] Group 2: Digital Transformation and AI - The rise of large models and artificial intelligence is transforming business models and ecosystems across all industries, including non-auto insurance [3] - China Pacific Insurance plans to leverage digital tools to reshape every aspect of non-auto insurance operations, aiming to become an expert in understanding customer risks [3] - The company is committed to enhancing operational efficiency, customer experience, and service capabilities through digital and intelligent transformation [3] Group 3: International Expansion - An important direction for the non-auto business is the expansion into overseas markets, with a significant increase in Chinese enterprises' overseas engineering projects [3] - China Pacific Insurance aims to initiate an international strategy, targeting a 30% increase in overseas business contributions to total business growth over the next five years [3] - The company will focus on supporting Chinese products and enterprises going abroad, establishing an integrated overseas business model that includes reinsurance, property insurance, and collaboration with Hong Kong operations [3]

Core Points - The National Financial Supervision Administration's Wanzhou Regulatory Branch approved the request for the dissolution of the Wanzhou Tiancheng Branch of China People's Property Insurance Co., Ltd [1] Group 1 - The approval allows for the immediate cessation of all business activities by the Wanzhou Tiancheng Branch [1] - The branch is required to return its operating license to the Wanzhou Financial Regulatory Branch within 15 working days [1] - The company must comply with relevant laws and regulations to complete the necessary procedures following the dissolution [1]

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Investor Day 2025 中国人保 601319.SH 中国人民保险集团 1339.HK 中国财险 2328.HK 2025年 投资者开放日 非理性 竞争 内卷式 发展 高佣金 低费率 价格战 应收保费 理赔纠纷 非车险正步入以合规与质量为导向的高质量发展阶段 2025年10月 《关于印发 信用保险和 保证保险业 务监管办法 的通知》 2020年5月 《财产保险 公司保险条 款和保险费 率管理办法》 2021年8月 《关于印发 责任保险业 务监管办法 的通知》 2020年12月 《关于印发 意外伤害保 险业务监管 办法的通知》 2021年10月 《关于加强 和改进互联 网财产保险 业务监管有 关事项的通 知》 2024年8月 《关于加强 非车险业务 监管有关事 项的通知》 开展非车险综合治理恰逢其时 打造核心竞争力 助力非车险高质量发展 CONTENTS 行业现状 市场潜力 人保优势 关注转型升级，避免非车险"内卷式"竞争 过去一段时间中，行业非车险市场存在非理性竞争、内卷式发展的情况，出现费用水平过高、保费充足度不够、持续承保亏损 等问题，对保险公司的合规经营和财务稳定造成不利影响，也容易侵害消费 ...

证券代码：601319 证券简称：中国人保 公告编号：临 2025-038 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 中国人民保险集团股份有限公司董事会 中国人民保险集团股份有限公司 关于 2025 年投资者开放日相关报告的公告 2025 年 11 月 7 日 中国人民保险集团股份有限公司（"本公司"）于 2025 年 11 月 7 日（星期五）举行 2025 年投资者开放日。本次投资者开放日以"非 车险高质量发展的实践和展望"为主题，公司相关报告的具体内容请 见本公司在上海证券交易所网站 (www.sse.com.cn)披露的本公告附 件。 特此公告。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1339 關於2025年投資者開放日相關報告的公告 中國人民保險集團股份有限公司（「本公司」）於2025年11月7日（星期五）舉行2025年投資者 開放日。本次投資者開放日以「非車險高質量發展的實踐和展望」為主題，本公司相關報 告的具體內容請見本公告附件。 承董事會命 中國人民保險集團股份有限公司 伍秀薇 公司秘書 中國北京，二零二五年十一月七日 於本公告日，本公司執行董事為丁向群女士、趙鵬先生及肖建友先生，非執行董事為徐 向先生、王少群先生、喻強先生及宋洪軍先生，獨立非執行董事為邵善波先生、徐麗娜 女士、王鵬程先生及高平陽先生。 中国人保 601319.SH 中国人民保险集团 1339.HK 中国财险 2328.HK 2025年 投资者开放日 Investor Day 2025 打造核心竞争力 助力非车险高质量发展 CONTENTS 行业现状 市场潜力 人保优势 关注转型升级，避免非车险"内卷式"竞争 ...

Market Overview - On November 7, the insurance sector declined by 0.4% compared to the previous trading day, with China Life Insurance leading the decline [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Individual Stock Performance - China Pacific Insurance (601601) closed at 35.61, up 0.34% with a trading volume of 359,700 shares [1] - Ping An Insurance (601318) closed at 58.89, down 0.02% with a trading volume of 371,900 shares [1] - China Life Insurance (601628) closed at 43.60, down 0.59% with a trading volume of 101,800 shares [1] - New China Life Insurance (601336) closed at 67.24, down 0.75% with a trading volume of 132,100 shares [1] - China Reinsurance (601319) closed at 8.54, down 1.04% with a trading volume of 452,000 shares [1] Fund Flow Analysis - The insurance sector saw a net inflow of 178 million yuan from institutional investors, while retail investors contributed a net inflow of 23.37 million yuan [1] - However, there was a net outflow of 201 million yuan from speculative funds [1] Detailed Fund Flow for Individual Stocks - Ping An Insurance had a net inflow of 97.85 million yuan from institutional investors, with a net outflow of 1.32 billion yuan from speculative funds [2] - China Pacific Insurance experienced a net inflow of 88.39 million yuan from institutional investors, with a net outflow of 80.13 million yuan from speculative funds [2] - New China Life Insurance had a net inflow of 10.59 million yuan from institutional investors, with a net outflow of 15.20 million yuan from speculative funds [2] - China Life Insurance saw a net outflow of 3.49 million yuan from institutional investors, but a net inflow of 10.76 million yuan from speculative funds [2] - China Reinsurance had a net outflow of 15.26 million yuan from institutional investors, with a net inflow of 15.17 million yuan from speculative funds [2]