Core Insights - The 2025 Green Computing (Artificial Intelligence) Conference was held in Hohhot, Inner Mongolia, focusing on building a green computing ecosystem and creating a new future for artificial intelligence [1] - China People's Property Insurance Company (PICC) launched the first national "East Data West Computing" green computing industry risk solution at the conference [1] Group 1 - The solution emphasizes three main areas: providing a comprehensive risk solution for the construction and operation of photovoltaic and wind energy storage power stations, ensuring long-term quality and power guarantees for new energy equipment, and compensating for distributed photovoltaic power generation losses [1] - It also offers protection against risks faced by computing centers, including network attacks, hardware and software failures, and cloud service interruptions [1] - Additionally, it provides network and data security risk protection for large models and data platforms [1] Group 2 - The solution aims to build a multi-dimensional risk reduction service system, focusing on risk assessment, hazard identification, monitoring and early warning, education and training, and emergency drills [2] - It employs a combination of on-site professional teams, third-party collaborations, and IoT platforms for risk monitoring, creating an integrated "online + offline" service model to systematically reduce operational risks in computing parks [2] - The introduction of the "Data Leakage Network Risk Quantification Assessment Model" targets key risks in computing centers, simulating extreme data leakage scenarios to effectively assess data leakage risks and provide timely protective measures [2]

Core Viewpoint - The Ministry of Finance issued a notification to guide insurance funds towards long-term stable investments, adjusting the assessment mechanism for state-owned commercial insurance companies to enhance their investment management capabilities and support national development goals [1][2]. Group 1: Assessment Mechanism Changes - The assessment method for "return on net assets" has been changed from a combination of "3-year cycle + current year" to "current year + 3-year cycle + 5-year cycle," with respective weights of 30%, 50%, and 20% [2][3]. - The adjustment aims to alleviate the "short money long investment" issue, providing a more stable framework for capital market development [1][4]. Group 2: Long-term Investment Strategy - The new assessment mechanism encourages state-owned insurance companies to focus on long-term investment opportunities rather than short-term market fluctuations, promoting a shift towards value investing [3][4]. - Insurance companies are expected to enhance their asset allocation capabilities and invest more in equity markets, particularly in high-quality stocks based on a long-term perspective [3][8]. Group 3: Policy Support and Market Impact - The total balance of funds utilized by insurance companies reached 34.93 trillion yuan, with significant room for increasing equity investments, as current allocations are 8.43% for life insurance and 7.56% for property insurance [6]. - The government has implemented a series of policies to encourage long-term investments, including lowering risk factors for stock investments and promoting a structured approach to capital allocation [6][7]. Group 4: Investment Behavior and Asset Management - The notification emphasizes the need for improved asset-liability management, ensuring that insurance companies align their investment strategies with long-term stability and risk control [8][9]. - Companies like China Life and China Re have outlined their commitment to long-term, stable investment strategies, focusing on absolute returns and risk balance [9].

Core Insights - The insurance industry in Guangdong has rapidly mobilized to respond to Typhoon "Wipha," with significant efforts in disaster prevention and claims processing [1][6][8] Group 1: Insurance Response and Claims Processing - As of July 22, the insurance sector in Guangdong received 8,377 claims related to the typhoon, with estimated losses amounting to 211 million yuan [1] - Agricultural insurance providers have been proactive in disaster recovery, with companies like China Pacific Insurance quickly assessing damages and initiating claims processes, including a prepayment mechanism for affected farmers [2][3] - The rapid claims processing has been highlighted by cases such as a fish farmer receiving compensation of 2,034 yuan within 30 minutes of reporting the damage through an app [4][5] Group 2: Technology and Communication - The insurance industry utilized technology effectively, employing drones and social media to assess damage and communicate risk information to policyholders, reaching 300,000 vehicle owners with safety tips [6][7] - A total of 15.05 million warning messages were sent to the public through various channels, enhancing awareness and preparedness for the typhoon [8] Group 3: Coordination and Support - The Guangdong Financial Regulatory Bureau coordinated with insurance companies to ensure efficient disaster response, including sharing data on flood risk areas with emergency services [7] - Insurance companies assisted in the recovery of over 75,000 acres of rice and provided support for the reinforcement of aquaculture facilities, demonstrating a comprehensive approach to disaster management [7][8]

责任编辑：杨喜亭 据介绍，"退役军人及家庭专属养老金项目"是保险行业第一个为退役军人及其家庭成员这一特定人 群量身定制的专属养老保险项目，创新性地构建了"税优保险+公益服务+专项优待"三位一体的全新服 务模式，围绕退役军人养老保障需求，精心打造了一系列退役军人优待政策体系；通过为退役军人定制 专属养老保险产品、推出税优加码保障模式、提供健康管理增值服务、开辟理赔"绿色通道"、开展帮扶 困难老兵的公益捐赠、设立"见义勇为"意外伤害赠险等多元化举措，为退役军人公益事业提供长效支 持。该项目将与基本社会保障、退役军人相关补助形成有机互补，共同构建起多层次、立体化的风险保 障网络，旨在增强退役军人及其家庭抵御疾病、意外以及养老等各类风险的能力，切实提升他们的生活 安全感和稳定性。 7月22日，在中国人民解放军建军98周年之际，由中国退役军人关爱基金会联合中国人保寿险等单 位共同发起的退役军人及家庭专属养老金项目暨公益捐赠启动仪式在京举行。 中国人保寿险党委书记、总裁肖建友表示，中国人保寿险作为中国人保集团旗下的重要人身险子公 司，始终将服务人民作为最高使命。此次合作是公司积极履行社会责任、服务国家战略的具体体现，将 ...

7月24日，中国人民保险集团在北京召开2025年半年工作会议。中国人保集团党委书记、董事长丁 向群作《坚定信心 保持定力 高质量完成全年目标任务》讲话。 上半年，在以习近平同志为核心的党中央坚强领导下，中国人保系统上下坚持稳中求进工作总基 调，着力发挥保险功能，蹄疾步稳深化改革，推动高质量发展，功能性作用扎实发挥，"六项改革"扎实 起步，防控风险扎实有效，党的建设扎实有力，"建设一流"战略坚实起步。截至6月底，中国人保集团 共承担保险责任金额1780万亿元，管理总资产突破4万亿元，较年初增长11.3%，呈现稳中有进、向好 向优的良好发展态势。 会议指出，要把握大势，坚定建设一流的信心与定力。把握经济持续向好态势，把经济动能转化为 发展动能；把握城市工作机遇空间，把政策红利转化为发展动能；把握经济社会转型发展走向，把内涵 式发展势能转化为发展动能；把握基层一线改革期盼，把改革红利转化为发展动能，努力在不确定性中 寻找确定性，在变局中抓住机遇、赢得主动。 会议对下半年经营管理工作作出具体部署，要求以更强担当加快发展，以更高站位服务国家战略， 以更大力度推动创新发展，以更实举措推进改革举措落地见效，以更远视角完善集 ...

Group 1: Financial Support for Private Enterprises - The People's Bank of China and other regulatory bodies emphasize the importance of financial support for the development of the private economy, advocating for a robust policy framework to enhance financial backing for private enterprises [1] - The insurance sector is encouraged to diversify its product offerings to meet the varied needs of private enterprises, particularly small and micro businesses [2] Group 2: Insurance Innovations and Support - China Life launched the first PCT international patent application fee compensation insurance, aimed at supporting medical technology and specialized small enterprises [3] - The insurance industry is developing comprehensive risk solutions for technology-driven enterprises, including innovative insurance products for sectors like unmanned aerial vehicles and new materials [4] Group 3: Investment Trends and Strategies - By the end of 2024, the balance of insurance fund investments reached 33.26 trillion yuan, reflecting a 15.08% year-on-year increase, with a focus on specialized and innovative enterprises [5] - China Life's investment initiatives include a 50 billion yuan fund targeting technology innovation, supporting over 1,200 private enterprises [6] Group 4: Financing Solutions for Small and Micro Enterprises - The insurance sector is addressing financing challenges for private enterprises by leveraging insurance products to enhance creditworthiness and facilitate loans [7] - China Export & Credit Insurance Corporation supported the export of high-end oil and gas equipment, facilitating 235 million yuan in bank financing [8]

Core Viewpoint - The entry of insurance funds into the gold market marks a significant shift in asset allocation strategies for insurance companies in China, enhancing potential returns and contributing to the development of the RMB gold market [1][2][3]. Group 1: Insurance Companies' Involvement - Major insurance companies such as China Life, PICC, and Ping An Life have completed transactions on the Shanghai Gold Exchange, officially initiating their gold investment activities [1][2]. - The approval of 10 insurance companies, including PICC, to invest in gold contracts signifies a broader diversification of asset allocation within the insurance sector [2][4]. Group 2: Benefits of Gold Investment - Gold is recognized as a hedge against inflation and market volatility, providing a stable source of returns that can diversify risks within insurance investment portfolios [3][4]. - The participation of insurance funds in the gold market is expected to enhance the stability and pricing mechanisms of the RMB gold market, contributing positively to the Shanghai International Financial Center [3][4]. Group 3: Market Impact and Future Outlook - The potential influx of approximately 200 billion RMB into the gold market from insurance companies could alleviate the long-standing asset shortage and interest margin pressures faced by these firms [4]. - Insurance companies are committed to a long-term investment strategy in gold, focusing on optimizing their asset allocation and improving risk-return profiles [5][6].

Core Viewpoint - China People's Insurance Group Co., Ltd. (China PICC) reported a steady growth in its operating performance for the past year, achieving a revenue of 709.4 billion yuan, a year-on-year increase of 6.4%, and a net profit of 42.9 billion yuan, up 88.2% [1] Group 1: Financial Performance - The return on equity (ROE) reached 16.7%, an increase of 7.1 percentage points year-on-year [1] - The company aims to build a world-class insurance financial group with a focus on high-quality development [2] Group 2: Strategic Development Direction - The company has outlined a strategy to enhance its role in insurance risk protection and financial intermediation, aiming to be a leader in safeguarding public welfare and supporting social governance [1][2] - The strategic focus includes four key areas: high-quality product supply, high-quality service upgrade, high-quality structural optimization, and high-quality profit generation [2][3][4] Group 3: Product and Service Innovation - China PICC plans to deepen insurance supply-side reforms, innovate products in line with economic trends, and enhance risk pricing capabilities for new energy vehicles [2] - The company aims to develop comprehensive insurance services that address health and elderly care needs, creating a product development mechanism that benefits all age groups [2] Group 4: Structural Optimization and Profit Generation - The company will focus on balancing its core business and optimizing its structure to adapt to economic transformations [3][4] - In the property insurance sector, China PICC will enhance its competitive advantage and ensure a leading comprehensive cost ratio [4] Group 5: Subsidiary Development - The company has defined the development positioning for its subsidiaries, including PICC Property, PICC Life, and PICC Health, aiming for balanced growth and strong market competitiveness [5][6] Group 6: Investment Strategy - China PICC will leverage its investment platform to enhance equity investment capabilities, focusing on early-stage, small, long-term, and hard technology investments [7] Group 7: Reform and Innovation - The company plans to implement six reforms and focus on four solid initiatives to drive innovation and improve management efficiency [8][9][10]

"保险资金的投资时间跨度长，连续性、稳定性强，与长期资本、耐心资本天然匹配。"中国人寿副总裁 刘晖说，近年来中国人寿的权益配置规模一直在增长，同时配合长期投资特点，强化投研能力，建立长 周期考核机制，提升投资稳定性。 今年1月，《关于推动中长期资金入市工作的实施方案》发布，为中长期资金入市明确了诸多务实举 措。 新华保险副总裁秦泓波将保险资金入市的投资策略归纳为"做长、做宽、做深"三个要点——做长是要坚 定支持长期投资、价值投资的理念；做宽是进一步抓住市场新机会，投资品种丰富化、策略多元化，特 别要关注符合国家战略、具有新经济特征的投资项目，捕捉新质生产力带来的高质量投资机会；做深是 增强投研能力。 多家上市保险公司近日发布了2024年年报。在业绩发布会上，多家公司围绕保险资金入市策略、利差损 风险评估与应对、人工智能应用与展望等热点话题进行了回应与分析，进一步明晰了头部险企的发展路 径与方向。 险资入市：发挥耐心资本作用 年报数据显示，2024年，中国人保集团、中国人寿、中国平安、中国太保、新华保险五家A股上市险企 的归母净利润分别同比增长88.2%、108.9%、47.8%、64.9%、201.1%。利润 ...

本报记者 冷翠华 一组看似矛盾的数据刚刚出炉——根据上市险企和上市银行2024年年报，去年上市险企银保收入大 多同比上涨，而上市银行代销收入却普遍同比下降，部分银行保险代销收入甚至呈现同比锐减。 业内人士认为，上述看似矛盾的数据背后，是"报行合一"政策的落地实施，以及银保业务的转型发 展。未来，银保渠道仍将是保险业非常重要的渠道，"价值银保"是险企要着力推进的重点工作之一。 具体来看，农业银行去年实现手续费及佣金净收入755.67亿元，较2023年减少45.26亿元，下降 5.7%。其中代理业务收入下降20.6%，主要是代理保险相关手续费收入减少；建设银行2024年年报显 示，手续费及佣金收入中，代理业务手续费收入144.12亿元，较2023年减少44.82亿元，降幅23.72%， 主要受保险、基金等降费政策影响；此外，招商银行去年实现代理保险保费1172.25亿元，同比增长 21.07%，不过，其代理保险收入64.25亿元，同比下降52.71%；平安银行2024年代理及委托手续费收入 54.34亿元，同比下降29.4%，主要是代理个人保险收入下降。 普华永道管理咨询（上海）有限公司中国金融行业管理咨询合伙人 ...