原标题：分红型重疾险"杀"了个回马枪？！平安、太保、新华表示跟进！某些机构恐难以融入… 来源：险企高参 11月13日，中国平安通过互动平台发布公告，宣布该司已启动分红型重疾险产品的研发工作，预计在相 关细则出台后即可开发有关产品，力争尽早上市销售，以把握市场机遇。 平安人寿总精算师孙汉杰对此予以确认并表示，该司已启动分红重疾产品的相关研究，后续将尽快推进 产品研发与推出，进一步拓宽分红型产品的覆盖场景。 产品战略调整的背后，是政策的指引。2025年9月30日国家金融监督管理总局发布的《关于推动健康保 险高质量发展的指导意见》，其中明确支持监管评级良好的保险公司自2025年10月起开展分红型长期健 康保险业务，意味着被叫停22年的分红型重疾险正式"解禁"。 在2003年，监管机构出于多重原因叫停分红型重疾险。当时部分保险公司将分红型重疾险包装成纯粹的 理财工具，背离了健康保险的保障初衷。加之健康险产品本身结构复杂，精算定价缺乏足够的经验数据 支撑，引入分红机制后，进一步增加了风险控制的难度，使得产品运营面临更大挑战。此外，国际市场 中也缺乏分红型健康险的先例。 随着时间的推移，中国保险业持续向高质量发展转型，监 ...

证券之星消息，11月26日保险板块较上一交易日下跌0.56%，中国人保领跌。当日上证指数报收于 3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。保险板块个股涨跌见下表： 从资金流向上来看，当日保险板块主力资金净流出1.98亿元，游资资金净流入2.66亿元，散户资金净流出 6794.87万元。保险板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601601 中国太保 | | 2976.64万 | 3.86% | -967.54万 | -1.26% | -2009.10万 | -2.61% | | 601336 新华保险 | | 1966.65万 | 3.13% | 638.12万 | 1.02% | -2604.77万 | -4.15% | | 601319 中国人保 | | -1645.63万 | -3.71% | 218.34万 | - 0.49% | ...

11月21日，平安产险福建分公司党委以一场"邮票里的党史课"掀起廉洁教育新热潮。分公司班子、党员 干部及群众代表共40多人，在福州平安大厦29楼通过"观邮展+学廉史+践初心"的创新模式，开启了一 场跨越时空的红色对话。 14:20刚过，参会人员便手持特制红色邮戳卡完成创意签到。随着印章落下，这场以"方寸忆峥嵘，清风 筑平安"为主题的特殊党日活动正式拉开帷幕。国家级邮展评审员、福建省集邮协会副秘书长宋晓文以 《保险业的廉洁基因密码》为题，通过200余枚珍贵邮票，生动串联起保险业发展历程与新时代廉洁文 化建设，让原本抽象的文化理念变得触手可及。 在"清正廉洁"主题邮展区，22幅主题展架围绕"中华廉洁文化的历史根基""古今典范人物的廉洁事 迹""中国共产党反腐倡廉的伟大实践"三大板块，系统展现廉洁文化的传承脉络，通过方寸世界，进一 步深入推进"八项规定"精神学习教育。 互动环节将活动推向高潮。在非遗金箔画制作环节，参与者们通过"涂胶-贴箔-扫箔"工序，将党徽化作 永恒的金色印记；在马赛克杯垫拼贴区，细心用红黄碎片拼出"中国梦"轮廓；在拓印区，以宣纸拓 下"两袖清风"印章，让廉洁文化在指尖升华；在最火爆的"初心明信片 ...

自2004年我国全面推行企业年金制度以来，这项关乎亿万职工"第二养老金"的制度实现了从无到有、从 小到大的跨越式发展。人社部数据显示，截至2025年二季度末，全国企业年金积累基金已达3.84万亿 元，投资资产净值达3.81万亿元，正稳步逼近4万亿大关——这不仅是一组数字的跃升，更承载着数千 万家庭对体面养老的殷切期待。 在金融世界的宏大叙事里，尽管规模庞大，但"以稳为主"的年金投资如同一场静水流深的远航，它并不 追求惊涛骇浪般的短期收益，而是以稳健、专业和持久的耐力缓缓驶向未来。在这背后，是一群看不见 的"掌舵人"——他们不直接买卖股票债券，却决定着谁来管理这笔千万家庭未来养老的资金；他们深谙 数据与模型，更懂得如何用语言化解客户的焦虑，平安养老险北京业务总部MOM（管理人的管理人） 经理甄颖，正是其中一员。 在年金投资这艘巨轮上，作为受托资产管理的关键一环，甄颖并不直接参与交易每一笔资金，却凭借对 数据的敏锐洞察、对风险的精准把控和对客户的深度共情，用专业与智慧，为这艘巨轮校准航向、规避 风浪。 自2007年初入平安，历经离别与回归，甄颖将"省心、省时、省钱"的服务理念转化为一次次精准响应与 长期陪伴，架起 ...

"产品+服务"体系的升级也是平安人寿2025经营的亮点。依托于平安集团的医疗养老生态圈，平安人寿 年内推出多项"保险+服务"产品，为客户提供服务价值和情绪价值。2025年前三季度，平安人寿的健康 管理服务已有超1600万客户，居家养老服务已覆盖全国85个城市，累计近24万名客户获得居家养老服务 资格。此外，平安人寿旗下高端养老社区截至目前已布局5个城市。同年，平安人寿推出"享平安"客户 权益体系，打造体育、教育、文娱、健康管理四大场景，以近百项权益为客户提供情绪价值。截至目 前，四大场景已服务超过200万客户。 投资实力支撑，分红险产品引领行业 改革成效显著，高质量发展成绩斐然 平安人寿以高质量发展为价值引领，持续深化转型。2025年，多渠道改革稳步推进，"保险+服务"布局 持续深化。2025年前三季度，寿险及健康险业务新业务价值达357.24亿元，同比大增46.2%，发展动能 强劲。 过去几年，平安人寿打造多渠道专业化销售能力，成效凸显。代理人渠道方面，公司2025年推动"做 优、增优、育优"平台建设，促使代理人渠道结构不断优化、规模趋于稳定，前三季度代理人渠道新业 务价值同比增长23.3%，人均新业务价值 ...

Group 1 - The three major indices opened lower, but the brokerage sector was active during the session, with the brokerage ETF (159842) rising by 0.09% and trading volume exceeding 600 million yuan, indicating a premium trading trend [1] - The brokerage ETF (159842) has seen a net inflow of funds for four consecutive trading days, accumulating nearly 390 million yuan [1] - The brokerage ETF tracks the CSI All Share Securities Companies Index, which consists of up to 50 securities company stocks to reflect the overall performance of the industry [1] Group 2 - Overall financial valuations are low, increasing the probability of a bull market, with non-bank financials expected to have significant earnings elasticity due to accelerated inflows of resident funds [2] - The securities sector is likely to benefit from the bull market's Beta effect, leading to greater earnings elasticity [2] - Regulatory encouragement for ETF development, market capitalization management by listed companies, and long-term capital inflows are favorable for the securities sector, potentially serving as a key underlying factor in the current bull market [2] Group 3 - Brokerages are expected to benefit not only from market recovery but also from successful transformations that provide unique Alpha growth potential, enhancing profit quality [2] - The combination of policy expectations, improved funding conditions, and internal growth drivers enhances the profitability outlook for the brokerage sector, making it highly attractive for allocation [2]

Core Viewpoint - The overall market sentiment remains cautiously optimistic, with no significant negative trends observed in the fundamental performance of key sectors, particularly in technology and growth stocks [1] Group 1: Market Performance - As of November 26, 2025, the Shanghai 180 Index rose by 0.30%, with notable increases in stocks such as Haiguang Information (3.95%) and Zhongke Shuguang (3.53%) [1] - The Shanghai 180 ETF Index Fund also saw a slight increase of 0.17%, marking its third consecutive rise [1] Group 2: Sector Analysis - The technology growth sector, including communications and semiconductors, continues to show strong performance, suggesting that recent market adjustments may be positioning for future gains [1] - Despite a slowdown in policy support compared to the first half of the year, the overall market remains in a loose monetary environment, which is expected to support recovery in the technology sector [1] Group 3: Investment Strategy - A "barbell strategy" is recommended for investment, suggesting to maintain positions in growth sectors like communications, semiconductors, and innovative pharmaceuticals while being cautious with short-term operations [1] - Defensive investments in dividend-paying sectors are advised to mitigate risks during market fluctuations [1] Group 4: Index Composition - The Shanghai 180 Index comprises 180 large-cap stocks selected for their market capitalization and liquidity, reflecting the overall performance of core listed companies in the Shanghai securities market [2] - As of October 31, 2025, the top ten weighted stocks in the index account for 26.29% of the total index, with notable companies including Kweichow Moutai and China Ping An [2]

打开手机App就能完成智能核保、车辆出险后上传照片3分钟出定损方案、慢病患者凭健康数据享 保费优惠……这保险服务效能提升的背后，是国家战略层面对于数智化发展的系统性布局。 "十五五"规划建议提出，加快人工智能等数智技术创新，突破基础理论和核心技术，强化算力、算 法、数据等高效供给。全面实施"人工智能+"行动，加强人工智能同产业发展等相结合。 在业内人士看来，国家数智化战略下"人工智能+"行动的深入推进，为保险业带来了革命性机遇。 从政策引导到技术落地，从产品创新到服务升级，人工智能正全方位改变保险的业务模式、服务体验与 风险防控体系。而在这一转型进程中，"精算+AI"深度融合与数据治理能力的提升是关键所在。 "人工智能+"加快保险业转型 如今，"人工智能+"已不仅仅是保险业的"加分项"，而是推动行业从传统服务向智能普惠跨越的核 心驱动力。保险业的智能化升级，离不开顶层政策的持续引导，同时也依赖技术理念的行业共识以及保 险机构的积极尝试。 从政策层面来看，2024年3月，"人工智能+"行动首次被写入《政府工作报告》。2025年《政府工作 报告》明确提出，"持续推进'人工智能+'行动，将数字技术与制造优势、市场优 ...

Core Insights - The insurance industry is witnessing a surge in the launch of new dividend insurance products, with major companies like China Life, Ping An Life, and Xinhua Insurance leading the way in this transformation towards dividend-based offerings [1][2][3] Product Launch Trends - Dividend insurance products have become the dominant category, with 65 out of 136 life insurance products being dividend-based, accounting for approximately 48% [2] - Major companies are actively introducing new dividend insurance products, such as Xinhua Insurance's "Shengshi Glory Celebration Edition" and Ping An Life's "Ping An Yuxiang Jin Yue" [2][3] Strategic Shifts - Companies are undergoing significant strategic transformations, with Xinhua Insurance reporting a 49.2% year-on-year increase in first-year premium income from individual channels for long-term insurance [3] - China Life and other insurers are also seeing substantial increases in the proportion of floating income products in their premium income [3] Market Dynamics - The shift towards dividend insurance is driven by multiple factors, including a declining interest rate environment, which has made dividend products more attractive compared to traditional fixed-rate products [4] - Regulatory policies are also encouraging the development of floating income insurance products, providing a clearer direction for innovation in the industry [4] Competitive Landscape - The success of dividend insurance hinges on insurers' investment capabilities, as the distribution of dividends is directly linked to investment returns [5] - Insurers face challenges in upgrading their sales models to meet the complexities of dividend products, requiring a shift from simple product sales to providing comprehensive asset allocation advice [5] Ecosystem Development - Insurers are exploring innovative "product + service" models to differentiate themselves in a competitive market, integrating health and wellness services with insurance offerings [7][8] - Companies like Ping An Life and Taikang Life are developing comprehensive service ecosystems that combine insurance with health management and elderly care services [7][8]

11月25日，港、A股保险板块整体表现活跃，A股保险板块指数涨幅超2%。平安A股当日收涨1.83%，H 股收涨1.77%，显示出市场资金对保险板块的持续关注。 消息面上，保险板块近期迎来多重利好。资金层面，根据此前Wind数据统计，证券保险ETF（512070） 11月以来已获超20亿元资金净流入，反映机构配置意愿增强。基本面方面，近期开源证券最新研报观点 指，险企积极备战2026年开门红，负债端新单和价值率展望良好，长端利率底部企稳支撑资产端逻辑， 看好低估值保险标的，其同时认为H股配置价值相对较高，推荐中国平安等标的。 政策驱动成为行情另一大关键推力。近期养老金融领域政策密集落地，为银发经济赛道注入强劲动力。 其中，广东养老金融"15条"与中国平安"综合金融+医疗养老"生态战略的深度融合成为市场关注的焦 点，不妨就此来看看这一政策背后的机遇所在。 01 广东养老金融15条出台，平安卡位精准凸显先发优势 11月17日，广东省地方金融管理局联合多部门印发《广东省推动养老金融高质量发展的实施方案》，文 件围绕强化制度供给、优化产品体系、拓展金融服务、激活产业资本、织密风险防线五大方面出台15条 举措。 首先，在 ...