Core Insights - Climate change is recognized as a significant global challenge, necessitating a robust response from the insurance and reinsurance sectors to manage climate risks effectively [1][2] - The insurance and reinsurance industry is increasingly viewed as essential for economic stability and social responsibility, with climate risk management becoming a critical requirement for sustainable operations [2][3] Group 1: Climate Risk Management Strategies - The former vice chairman of the China Banking and Insurance Regulatory Commission emphasized the need for a systematic approach to integrate climate risk management into the overall financial governance framework [3] - There is a call for Chinese financial institutions to align with international standards in climate governance while maintaining unique national characteristics [3] - Financial institutions are encouraged to enhance their capabilities in identifying, assessing, and monitoring climate risks to ensure resilience against climate-related shocks [3] Group 2: Technological Innovations in Reinsurance - The reinsurance industry is leveraging technology to address climate risks, with China Reinsurance establishing a comprehensive system for managing climate change and disaster risks [4] - Advanced technologies such as artificial intelligence and data sharing are being utilized to redefine and understand climate risks, facilitating a shift from traditional risk-bearing to proactive risk management [4] - The reinsurance sector aims to enhance its risk resilience through precise data quantification, portfolio management, and collaboration with various institutions [4] Group 3: Functions of Reinsurance - Reinsurance plays a crucial role in enhancing underwriting capacity by allowing primary insurers to transfer excess risks, thereby strengthening overall insurance coverage [5] - It aids in risk forecasting by utilizing global data and expertise to provide early warning signals to insurers and society [5] - Reinsurance supports green transformation efforts, contributing to improved ecological conditions and reducing disaster risks associated with climate change [5][6] Group 4: Future Goals and Action Plans - China Reinsurance has outlined a clear development path in its "Action Outline for Responding to Climate Change (2025-2035)," aiming to become a leading player in climate risk management within the next decade [7] - The outline sets ambitious goals for enhancing technological capabilities, customer service, and research innovation in climate risk management by 2030 [7] - A total of ten action initiatives have been proposed to improve national disaster insurance design, elevate climate risk protection levels, and engage in global climate governance [8]

Group 1 - The core point of the article highlights that on November 10, China Reinsurance (01508) transferred its shares from HSBC to CITIC Lyon Securities, with a market value of HKD 449 million, representing 4.23% of the total shares [1] - China Reinsurance recently announced that due to a job transfer, Mr. Liu Yuanzhang will no longer serve as the Assistant President, Board Secretary, and Co-Company Secretary, effective from October 31, 2025 [1]

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。 China Reinsurance (Group) Corporation 中國再保險（集團）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1508） 關於暫停辦理股份過戶登記手續的公告 中國再保險（集團）股份有限公司（「本公司」）董事會（「董事會」）宣佈，本公司擬 於2025年11月28日（星期五）舉行2025年第一次臨時股東大會（「臨時股東大會」）。 為釐定有權出席臨時股東大會之股東名單，本公司將自2025年11月25日（星期二） 至2025年11月28日（星期五）（包括首尾兩天在內）暫停辦理股份過戶登記手續， 在此期間將不會辦理任何股份轉讓登記。凡於2025年11月28日（星期五）名列本 公司股東名冊的H股及內資股股東均有權出席臨時股東大會及於會上投票。本公 司尚未登記的H股持有人如欲出席臨時股東大會及於會上投票，最遲須於2025年 11月24日（星期一）下午4時30分將所 ...

根据中国大地保险此前披露的重大事项，2023年5月至7月，原中国银保监会对公司开展现场检查，指出 公司在2022年至2023年3月期间存在未按照规定使用经批准或备案的保险条款、费率，给予投保人保险 合同约定以外的利益，相关财务、业务数据不准确，客户信息管理不规范等问题。 | 序 | 当事人名称 | 行政处罚决定书 | 主要违法违规行为 | 行政处罚内容 | 作出决定机关 | | --- | --- | --- | --- | --- | --- | | 号 | 中国大地财产 | 文号 | | | | | 1 | 保险股份有限 | 黔南金罚决字 | | 罚款12万元 | | | | 公司瓮安支公 | [2025] 23号 | | | | | | 司 | | | | | | 2 | 王宁(时任中 国大地财产保 险股份有限公 | 黔南金罚决字 | 给予投保人保险合同约 定以外的保险费回扣或 | 警告并罚款4万元 | 黔南金融监管 | | | 司瓮安支公司 | [2025] 24号 | | | | | | 车商客户经 | | | | | | | 理) | | | | | | | 王昱婷(时任 | | 者其他利益 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 本月底法定/註冊股本總額： RMB 42,479,808,085 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國再保險（集團）股份有限公司 (「本公司」) 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01508 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 6,679,416,700 | RMB | | 1 RMB | | 6,679,416,700 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 6,679,416,700 | RMB | | 1 RM ...

Core Viewpoint - Reinsurance plays a crucial role in stabilizing the insurance industry, supporting national governance, and serving China's modernization efforts, especially in the context of evolving global risk landscapes such as climate change, technological innovation, and geopolitical conflicts [1][2]. Group 1: Functions of Reinsurance - Reinsurance serves as a primary channel for dispersing catastrophic risks, particularly those related to climate change, which can lead to significant economic losses from natural or man-made disasters [2][3]. - It is an essential tool for addressing emerging risks driven by technological, environmental, and social changes, providing necessary underwriting capacity and specialized risk pricing models [3][4]. - Reinsurance is effective in mitigating complex risks, such as geopolitical conflicts, by quantifying and managing these risks through modeling and product development [4]. Group 2: Future Development of China's Reinsurance Market - China's reinsurance market is at a strategic opportunity period, with a growing demand for a more resilient and efficient financial risk management system to support national economic and financial security [5][6]. - The next decade is seen as a critical period for the Chinese insurance and reinsurance industry to fill existing gaps, as China's reinsurance market currently holds only 4% of the global share, despite the country's significant GDP and insurance market size [7]. - There is a pressing need to enhance the aggregation of reinsurance market elements, risk pricing, and market leadership capabilities to better support economic safety nets and disaster protection [7]. Group 3: Strategies for Accelerating Reinsurance Development - Strengthening research leadership is vital, as reinsurance is a research-driven field that requires comprehensive understanding and innovative solutions for managing various risks [8]. - Emphasizing technological empowerment will allow reinsurance companies to better predict risks and implement precise pricing strategies, moving beyond traditional capital provision [8]. - Promoting industry collaboration is essential for establishing a robust risk-sharing mechanism, enhancing the overall resilience of the financial system [8]. Group 4: Initiatives by China Reinsurance - China Reinsurance has actively explored its core responsibilities by establishing a catastrophe modeling company and a reinsurance research institute, contributing to the development of a comprehensive risk management framework [9]. - The company has developed three major catastrophe models and launched China's first climate change risk insight platform, enhancing its capabilities in managing climate-related risks [9]. - China Reinsurance is also involved in building the Shanghai reinsurance center and has established operational centers to support the development of a reinsurance community along the Belt and Road Initiative [9].

Core Viewpoint - Reinsurance plays a crucial role in stabilizing the insurance industry, supporting national governance, and serving China's modernization efforts, especially in the context of evolving global risk landscapes such as climate change, technological innovations, and geopolitical conflicts [1][2]. Group 1: Functions of Reinsurance - Reinsurance serves as a primary channel for dispersing catastrophic risks, particularly those related to climate change, which are characterized by low frequency but high loss potential [2][3]. - It is an essential tool for addressing emerging risks driven by technological and environmental changes, providing necessary underwriting capacity and specialized risk pricing models [3][4]. - Reinsurance effectively mitigates complex risks, such as those arising from geopolitical conflicts, by helping primary insurers manage financial pressures and maintain market stability [4]. Group 2: Future Development of China's Reinsurance Market - China's reinsurance market is at a strategic opportunity period, necessitating a robust risk management system to support the country's modernization and economic security [5][6]. - The market currently represents only 4% of the global share, indicating a significant gap in supply for catastrophic and complex risks, which presents an opportunity for growth [7]. - The next decade is critical for enhancing the reinsurance sector's capabilities to support economic safety nets and disaster protection systems [7]. Group 3: Strategies for Accelerating Reinsurance Development - Strengthening research leadership is vital, as reinsurance is a research-driven field that requires comprehensive understanding and innovative solutions for various risks [8]. - Leveraging technology is essential for improving risk assessment and pricing accuracy, allowing reinsurance companies to evolve from mere capital providers to value creators through technological empowerment [8]. - Promoting industry collaboration is necessary to establish effective risk-sharing mechanisms and enhance the resilience of the entire financial system [8]. Group 4: Initiatives by China Reinsurance - China Reinsurance has established several initiatives, including a catastrophe modeling company and a reinsurance research institute, to enhance its capabilities in risk assessment and management [9]. - The company has developed a comprehensive system for addressing climate change risks, including a risk database and a model system, to better support the insurance industry [9]. - Active participation in the Shanghai reinsurance center and the establishment of operational centers demonstrate the company's commitment to advancing the reinsurance landscape in China [9].

Core Insights - The 2025 Shanghai International Reinsurance Conference concluded, showcasing multiple industry technological innovation platforms and facilitating discussions on the development of the reinsurance industry and global risk governance [1] Group 1: Reinsurance Functionality - Reinsurance acts as an "amplifier," "regulator," and "connector" in the insurance industry, promoting rational competition and effective risk management [2] - In the first nine months of 2025, the insurance industry's premium income reached 5.2 trillion yuan, a year-on-year increase of 8.5%, while claims amounted to 1.9 trillion yuan, up 7.4% [2] Group 2: Global Disaster Risk Management - In 2024, global natural disaster losses exceeded $320 billion, significantly higher than the average over the past 30 years, with reinsurance companies playing a crucial role in risk dispersion [3] - Catastrophe bonds have become an essential tool for risk dispersion, with total issuance reaching $7.1 billion in Q1 2025, marking a historical high [3] Group 3: Regulatory Developments - The Financial Regulatory Bureau issued a notice supporting domestic insurance companies in issuing "sidecar" insurance-linked securities in Hong Kong, enhancing catastrophe risk management tools [4] - The "sidecar" securities allow insurance companies to transfer risks to specially established Special Purpose Insurance Companies (SPI), which raise funds through securities issuance [4] Group 4: Research and Innovation - The reinsurance industry is driven by research and innovation, with a focus on climate risk management due to the increasing frequency of extreme weather events [5][6] - China Re launched a climate change risk insight platform, which integrates international modeling methods and local disaster characteristics to support climate risk management [6] Group 5: Market Opportunities and Internationalization - China's reinsurance market accounts for only 4% of the global market, indicating a need for enhanced pricing and market leadership capabilities [8] - The Shanghai International Reinsurance Center has attracted 26 insurance institutions and 128 trading permissions, indicating a growing reinsurance ecosystem [8][9] Group 6: Strategic Recommendations - Recommendations for enhancing Shanghai's reinsurance market include creating a favorable regulatory environment, improving market systems, and developing a talent pool for internationalization [10][11]

Core Insights - The 2025 Shanghai International Reinsurance Conference highlighted industry innovations and discussions on global risk governance and reinsurance development [1] Group 1: Reinsurance Functionality - Reinsurance acts as an "amplifier," "regulator," and "connector" in the insurance industry, facilitating risk dispersion and enhancing market stability [2] - In the first nine months of 2025, the insurance industry in China reported premium income of 5.2 trillion yuan, a year-on-year increase of 8.5%, and claims of 1.9 trillion yuan, up 7.4% [2] Group 2: Catastrophe Bonds and Risk Management - The global natural disaster losses in 2024 exceeded $320 billion, significantly higher than the average over the past 30 years, with reinsurance companies playing a crucial role in risk dispersion [3] - Catastrophe bonds have seen substantial growth, with a total issuance of $7.1 billion in Q1 2025, marking a historical high [3] Group 3: Regulatory Developments - The Financial Regulatory Authority issued a notice supporting domestic insurance companies in issuing "sidecar" insurance-linked securities in Hong Kong, enhancing catastrophe risk management tools [4] Group 4: Climate Risk Management - The reinsurance industry is increasingly focused on climate risk management, with the establishment of the Climate Vision platform by China Re, aimed at providing insights into climate-related financial risks [5][6] - The platform integrates international modeling methods and local disaster characteristics to support regulatory standards and financial stability [6] Group 5: Internationalization and Market Development - China's reinsurance market accounts for only 4% of the global share, indicating a need for improved risk pricing and market leadership [8] - The Shanghai International Reinsurance Center has attracted 26 insurance institutions and 128 trading permissions, indicating a growing ecosystem [8] Group 6: Strategic Recommendations - Recommendations for enhancing Shanghai's reinsurance market include creating a favorable regulatory environment, improving market infrastructure, and developing a talent pool for international operations [10][11]

Core Viewpoint - China Reinsurance (01508) announced the resignation of Mr. Liu Yuanzhang from his positions as Assistant President, Board Secretary, and Co-Secretary of the Company, effective from October 31, 2025 [1]. Group 1 - Mr. Liu Yuanzhang's departure is due to work relocation [1]. - The announcement indicates a significant change in the company's leadership structure [1].