Group 1 - Ant Group and China Pacific Insurance signed a strategic cooperation agreement to innovate services using Alipay's commercial insurance code, aiming to enhance the multi-tiered medical security system [1] - New products such as "Tai Xiang Bao·免健告医疗险" were launched, allowing users to experience direct compensation without upfront payments or complicated claims processes [1] - The aging population and increasing chronic diseases in China create a pressing need for innovative commercial insurance to fill gaps between basic medical insurance and traditional commercial insurance [1] Group 2 - The national push for orderly integration of commercial health insurance with basic medical insurance is accelerating, exemplified by the launch of the "医保+商保" clearing settlement center [2] - Over 1.2 billion users have activated the national medical insurance code, with over 700 million using it through Alipay, making it the largest third-party service platform for the National Medical Insurance Bureau [2] - The insurance industry is expected to leverage a one-stop platform to provide comprehensive health coverage through various resources, including government-supported health insurance and commercial health insurance [3]

Core Insights - Ant Group and China Pacific Insurance signed a strategic cooperation agreement to enhance health management services and innovate product technology, aiming to build a multi-tiered medical security system [1] - The launch of new products like "Tai Xiang Bao·No Health Declaration Medical Insurance" will provide users with a seamless experience for direct claims through Alipay's commercial insurance code [1] - The integration of health insurance services with Alipay aims to simplify the claims process, making it as easy as using the medical insurance code for payments [1][2] Group 1 - Ant Group and China Pacific Insurance will create a "Commercial Insurance Code·Pacific Insurance Service Zone" to offer innovative health management services [1] - The new products will expand the insured population and treatment options, enhancing the value and convenience of supplementary medical insurance [1] - Ant Group plans to explore innovative applications of medical insurance in various scenarios, collaborating with government and insurance partners to improve user experience [1] Group 2 - The "Medical Insurance + Commercial Insurance" clearing and settlement center, supported by Ant Group, was launched nationwide, with a pilot at Peking Union Medical College Hospital [2] - This initiative allows users to first use the medical insurance code for basic reimbursement and then the commercial insurance code for remaining payments, streamlining the payment process [2]

Group 1 - Ant Group has signed a strategic cooperation agreement with China Pacific Insurance [1] - The new product "Tai Xiang Bao·Exempt Health Declaration Medical Insurance" was launched in collaboration with Ant Medical Health [1] - Users will benefit from direct compensation through Alipay's commercial insurance code, eliminating the need for upfront payments and material submissions [1] Group 2 - Ant Medical Health platform will provide a comprehensive range of health management services, including online consultations, online medication purchases, chronic disease management, and outpatient appointment assistance [1]

中国太保（601601）寿险上半年商保赔付件数194.7万件，赔付金额99.2亿元。其中，重疾赔付7.7万 件，金额52.3亿元；医疗赔付182.7万件，金额27.4亿元；身故与伤残赔付4.3万件，金额19.5亿元。据介 绍，今年上半年，中国太保寿险应用智能决策的案件实现件均审核时效8.06秒；累计为近3000名客户提 供重疾绿色通道和理赔垫付服务；深化适老服务，上门服务累计近2000人次。(新华社) ...

Core Viewpoint - Blockchain technology is recognized as a disruptive foundational technology and is included in China's "14th Five-Year Plan" as one of the seven key industries in the digital economy, with encouragement from financial regulatory authorities for its application in the banking and insurance sectors [1] Blockchain Application in Insurance - The application of blockchain in the insurance industry is still limited compared to the banking sector, with various innovative use cases emerging since 2016, including AXA's flight delay insurance and China People's Insurance Company's agricultural insurance platform [5][6][7] Classification of Blockchain Applications - Blockchain applications can be categorized into three main types: 1. **Evidence and Traceability**: This includes judicial evidence storage and product traceability, ensuring the authenticity and integrity of information [3] 2. **Multi-party Collaboration**: This type facilitates efficient collaboration among different organizations, reducing trust costs and enhancing operational efficiency [4] 3. **Value Sharing**: This application fosters innovation and creates new business models by lowering mutual trust costs among participants [4] China Pacific Insurance's Blockchain Strategy - China Pacific Insurance aims to leverage blockchain for digital transformation, focusing on alliance chains and prioritizing scenarios like evidence storage and data collaboration [8][9] - The company plans to build a blockchain platform, "Taibao Chain," with core functionalities including evidence storage, data collaboration, and privacy computing [9] Innovative Use Cases by China Pacific Insurance - China Pacific Insurance has initiated several innovative applications based on the Taibao Chain, including: 1. **Smart Claims in Medical Insurance**: This application enhances the claims process by enabling proactive service and improving customer experience [9][10] 2. **Digital Safe Services**: This service allows secure storage of digital documents, with over 65,000 documents stored by the end of 2024 [10] 3. **Agricultural Insurance Service Chain**: This initiative aims to trace high-quality agricultural products throughout the supply chain [10] Future Outlook for Blockchain in Insurance - The insurance industry is expected to utilize blockchain to enhance data flow and collaboration, both within the industry and across sectors, improving operational efficiency and service quality [11][12] - The development of Web3 technologies presents new opportunities for the insurance sector, including risk management for decentralized infrastructure and insurance for real-world assets [12][13][14]

证券研究报告 非银金融 | 保险Ⅱ 金融|首次覆盖报告 hyzqdatemark 2025 年 07 月 07 日 证券分析师 陆韵婷 SAC：S1350525050002 luyunting@huayuanstock.com 市场表现： | 基本数据 | | 日 | 年 | 07 | | | | | | | 月 | 04 | 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | | 37.14 | | | | | | | | | 内 低 | 高 | | | | | | 最 | | 43.01/26.83 | | | | | | （元） | | | | | | | | | | | | | | | 总市值（百万元） | | | | | 357,299.48 | | | | | | | | | | 流通市值（百万元） | | | | | | | | | | 357,299.48 | | | | | 总股本（百万股） | | | | | | 9,6 ...

转自：推广 还在为复杂的保险理赔纠纷而烦恼？担心诉讼流程漫长、成本高昂？余姚的"共享法庭"为您提供了一种 快速、便捷、公正的新选择！ 今年3月，在宁波市金融监管局消保处、宁波市保险行业协会、宁波市银保调委会、余姚金融监管支 局、余姚市人民法院及余姚交警大队的共同见证下，中国太保产险余姚中支正式成立共享法庭。它依托 先进的信息技术平台，整合司法与行业调解资源，旨在高效化解金融消费纠纷 【下载黑猫投诉客户 端】，切实维护消费者和保险机构的合法权益。 高效解纷，半小时达成共识！ 就在近日，余姚共享法庭成功调解了第一起车险理赔纠纷。案件涉及伤者伤残等级认定分歧：伤者方评 定为十级伤残，而保险公司基于伤情资料审核认为未达标准。若走传统诉讼程序，双方都将耗费大量时 间和精力。 来源：推广 余姚太保共享法庭的设立，是深化合作、推进社会治理创新的积极实践，更是中国太保积极回应社会关 切、提升服务品质的重要举措。它致力于： 化解纠纷"加速度"：利用科技手段，让调解"触手可及"，省去奔波之苦。 专业调解"有温度"：在法官和调解员指导下，促成双方理性沟通，公平解决争议。 维护权益"更省心"：为金融消费者和保险公司提供高效、低成本的 ...

Group 1 - The core of Chinese financial culture emphasizes "political nature" and "people-oriented" principles, integrating "honesty and trustworthiness, profit with righteousness" into management practices [1] - Financial institutions are encouraged to establish employee integrity records and incorporate compliance operations into performance evaluations to strengthen the foundation of compliance [1] - The focus is on providing comprehensive and personalized insurance services to enterprises, thereby supporting local economic development [1] Group 2 - Risk prevention is identified as the "lifeline" for grassroots financial institutions, with an emphasis on "prudent and compliant" management [2] - Institutions are advised to enhance internal controls and establish collaborative mechanisms to proactively manage risks and improve foundational management [2] - A strict anti-corruption system is recommended to ensure that business operations align with integrity and compliance standards [2] Group 3 - Innovation is recognized as the "driving engine" for the development of grassroots financial institutions, promoting "innovation while maintaining integrity" in management [3] - Institutions should focus on service transformation by enhancing customer experience and operational efficiency [3] - Future strategies include deepening party leadership, strengthening risk prevention mechanisms, and optimizing service supply to achieve sustainable growth [3]

行 业 及 产 业 非银金融 2025 年 07 月 06 日 行 业 研 究 / 行 业 点 评 相关研究 证 券 研 究 报 告 证券分析师 研究支持 金黎丹 A0230525060004 jinld@swsresearch.com 联系人 罗钻辉 (8621)23297818× luozh@swsresearch.com 关注非银中报业绩对估值的催化 看好 —— 非银金融行业周报（2025/6/30-2025/7/6） 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 罗钻辉 A0230523090004 luozh@swsresearch.com 孙冀齐 A0230523110001 sunjq@swsresearch.com 冉兆邦 A0230524090003 ranzb@swsresearch.com - ⚫ 保险：本周申万保险 II 指数收跌 0.27%，跑输沪深 300 指数 1.81pct。 2Q25 资本市场表现稳健，建议关注部分险企业绩表现超预期带来的估值提振。2Q25 沪深 300 指数/中证红利指数/中证 800 收涨 1. ...

日前，河南金融监管局开出一张并不算大的罚单：太平洋人寿河南分公司和郑州分公司，合计被罚125 万元。更有意思的是，罚的不只是公司，还有5位管理人员一并被罚，总共30万元。 被罚的5个人，都是中层。4个总经理助理，1个副总经理。每人均摊大几万块，不高不低，刚好够让人 印象深刻。 为什么是他们？很值得聊聊。 谁挨罚，决定了监管的重点 先说公司层面，河南分公司的问题是给予投保人合同外利益；郑州分公司更复杂，编虚假材料、欺骗投 保人、违规使用条款，全是红线行为。按监管口径，这是欺骗+违规+擅自改规则的三合一。 你说他是决策者？不是。 你说他是执行者？也不是。 但监管一查材料，一看流程，一问签字人，正好是他们。 总经理助理，到底是干什么的？ 从公开定义看，这是个"综合协调+执行督办+沟通上传下达"的岗位，说白了就是"既要跑腿，又得懂 局"。 你要盯指标、跟进渠道、准备材料、批文件，甚至还要参与产品推进和项目管控。啥都得干，但真正能 拍板的，还是上面那几位。 这种位置，一旦出事，就天然处于"责任最清晰、权力最模糊"的夹层。 上级签字是战略，助理签字是执行； 总监出业绩是能力，助理没管好是失职。 罚公司没啥争议，但更值得关 ...