Core Insights - The recent approval by the National Financial Supervision Administration for PICC Health to invest 200 million RMB in establishing PICC Health Management Co., reflects a significant shift in the health insurance sector towards integrating health management services with traditional insurance offerings [1][3] - Insurance companies are increasingly adopting a "health insurance + health management" strategy, enhancing service offerings beyond mere policy sales to include comprehensive health-related services for consumers [3][4] Industry Trends - Major insurance firms, including China Life and Ping An, are actively establishing health management subsidiaries, indicating a growing trend in the industry to provide integrated health services alongside insurance products [3][4] - The health insurance market is expanding, driven by regulatory reforms such as DRG and DIP, which create opportunities for product innovation and a new multi-layered health insurance framework [5][6] Policy Environment - The upcoming "National Ten Articles" in 2024 aims to enhance health insurance service levels and promote the integration of commercial health insurance with health management [5] - The "Health Insurance Management Measures" implemented in December 2019 allows insurance companies to combine health insurance products with health management services, emphasizing preventive care and risk assessment [5][6] Strategic Implications - Insurance companies are focusing on proactive health management to reduce claims and improve profitability, while also enhancing customer loyalty through differentiated product offerings [6][7] - The integration of health management into insurance is becoming essential, with a shift towards personalized services and dynamic pricing models based on health data [6][7]

证券之星消息，9月25日保险板块较上一交易日下跌0.33%，中国人保领跌。当日上证指数报收于 3853.3，下跌0.01%。深证成指报收于13445.9，上涨0.67%。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2.74亿元，游资资金净流出4946.39万元，散户资金净 流入3.23亿元。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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601628 中国人寿 | | 1462.03万 | 4.27% | -1235.89万 | -3.61% | -226.14万 | -0.66% | | 601319 中国人保 | | -4068.55万 | -10.68% | 528.42万 | 1.39% | 3540.14万 | 9.30% | | 601601 中国太保 | | -5835.77万 | -7.01% | -4177.25万 | -5.02% | 1 ...

天山南北、大漠长风，新疆自古以来就是中华文明向西开放的门户。如今，2600多万各族人民生活在这 片广袤的疆域上。2025年是新疆维吾尔自治区成立70周年，从落后向进步、从贫穷向富裕、从封闭向开 放的伟大历程中，新疆万象更新，各项事业发生历史性变革，经济社会发展和民生改善取得了前所未有 的成就，中国式现代化新疆实践迈出坚实步伐。 作为国有大型金融机构，中国人寿充分发挥保险、投资、银行三大板块协同优势，不断加强对新疆地区 重大战略、重点领域和薄弱环节的金融支持力度，集团统筹各成员单位及驻疆400余家分支机构积极响 应各族群众美好生活的金融服务需求，滋润新疆经济社会发展"一树繁花"，持续为新疆高质量发展注入 金融活水、澎湃动力。 织密社会保障网 助"石榴花开"谱写"新疆情" 一村一落皆是景，美丽乡村入画来。走进新疆巴州轮台县博斯坦村村民艾海提·托合家中，鲜翠欲滴的 葡萄藤缠绕在木架上，风一吹过，叶子轻轻摇曳，井井有条的小菜园中，种的是辣椒、茄子、西红柿等 常见蔬菜，满院弥漫着月季浸润心脾的花香。"村里的干部经常来我们家宣传美丽庭院的好处。现在家 里打了地坪，修了葡萄架，种了一些花，还实现了生活区、种植区和养殖区三区 ...

根据气象、水文、海洋部门预测，超强台风"桦加沙"将于9月23日夜间至24日非常靠近我市，预计将造 成严重风雨浪潮洪影响。深圳市于23日18时起在全市启动防台风和防汛一级应急响应。 为切实保障客户权益，全力做好防险抗灾工作，中国人寿寿险深圳市分公司（以下简称"深圳国寿"）迅 速成立重大突发事故应急工作组，启动三级理赔应急预案，推出六项理赔应急服务举措： 四、简化费用报销申请资料 对于客户申请医疗费保险金的，可以不提供医疗就诊资料，只提供医疗费用收据，公司在保险金额范围 内，按照客户的实际医疗支出，根据保险合同约定给付保险金。 五、取消定点医院限制 一、主动、全面寻找客户 积极协助政府部门及有关单位开展慰问，并充分发动公司员工、销售人员和相关渠道人员，多方收集出 险人员信息，全面寻找客户。 二、多渠道、全天候受理报案 为客户提供寿险APP或微信自助、销售人员通过e店、柜面报案、95519和当地理赔电话报案服务等多渠 道、24小时报案受理服务。 三、免交纸质理赔申请资料 理赔突发事件发生期间，通过寿险APP、微信自助等线上渠道申请理赔的客户，可仅提供相关影像资 料。 客户无论是否接受定点医院治疗，公司均承担保险责任 ...

Core Insights - The new business value of listed life insurance companies in China saw a significant increase of 31.3% in the first half of 2025, with all but one company achieving double-digit growth [1][24][26]. New Business Value - In the first half of 2025, the new business value for listed life insurance companies totaled 933 billion yuan, with notable growth from major players such as China Life (285 billion yuan, +20.3%) and Ping An Life (223 billion yuan, +39.8%) [24][25]. - The overall new business value rate for the industry increased by 6.7 percentage points, reaching a weighted average of 27.8% [30][34]. New Single Premiums - The total new single premium income for listed life insurance companies in the first half of 2025 was 5,227 billion yuan, reflecting a year-on-year growth of 7.8% [38]. - However, the agent channel saw a decline of 13.8% in new single premiums, while the bancassurance channel experienced a robust growth of 61.1% [8][16][40]. Factors Influencing Growth - The increase in new business value and value rate is attributed to the adjustment of preset interest rates and the implementation of cost control policies under the "reporting and operation integration" framework [4][14][34]. - The shift from guaranteed products to floating yield products has increased sales difficulty, impacting the attractiveness of insurance products [6][47]. Agent Channel Performance - The number of agents decreased by 2.9% to 1.605 million, with average productivity dropping by 11.3% to 139,000 yuan per agent [51][55]. - Despite the decline in agent numbers, the overall industry is showing resilience through the growth in the bancassurance channel, which compensates for the downturn in the agent channel [64].

2025年9月24日，国家金融监督管理总局湖州监管分局发布批复称，《中国人寿（601628）保险股份有 限公司浙江省分公司关于变更中国人寿保险股份有限公司长兴县支公司水口乡营销服务部营业场所的请 示》（国寿人险浙发〔2025〕309号）收悉。经审核，现批复如下： 一、同意中国人寿保险股份有限公司长兴县支公司水口乡营销服务部的营业场所变更为：浙江省湖州市 长兴县水口乡明清街92号1层-1。 二、中国人寿保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 ...

Group 1 - The conference titled "Insurance Capital Entering Shandong: Insurance Asset Management Supporting Industrial Upgrading and Innovative Development" was held in Jinan to facilitate the flow of insurance capital into Shandong and promote high-quality development [1] - The event was co-hosted by the Provincial Financial Office and Shandong Financial Regulatory Bureau, with participation from major insurance asset management companies, representing over two-thirds of the industry’s total asset management scale [1] - Various provincial departments provided insights on Shandong's new productivity, technological innovation, key industries, and state-owned enterprises, while insurance companies shared experiences on utilizing insurance funds [1] Group 2 - As of the end of June this year, insurance funds have invested over 580 billion yuan in Shandong through debt investment plans, equity investment plans, and insurance private equity funds, focusing on new infrastructure, green industries, and strategic emerging industries [2] - These investments have resulted in a number of projects that are both profitable and well-regarded [2] - Insurance funds are also actively participating in economic development in Shandong through bond subscriptions, strategic equity investments, and involvement in public REITs [2]

Core Viewpoint - The insurance industry is experiencing a significant recovery in new business value, with a year-on-year increase of 31.3% in the first half of 2025, driven by both volume and price growth across various companies [1][16][18]. Summary by Sections New Business Value - In the first half of 2025, all listed life insurance companies, except for CITIC Prudential, achieved double-digit growth in new business value, with the overall industry growth rate reaching 31.3% [1][16]. - The new business value for major companies includes China Life at 28.5 billion yuan (20.3% increase), Ping An Life at 22.3 billion yuan (39.8% increase), and others showing significant growth rates [18]. New Business Value Rate - The new business value rate for most listed life insurance companies increased significantly, with an overall rise of 6.7 percentage points in the first half of 2025 [3][22]. - Notable increases in new business value rates include Ping An Life at 26.1% (up 8.8 percentage points) and China Life at 32.4% (up 9.2 percentage points) [22][24]. New Policy Premiums - The overall new policy premium for listed life insurance companies reached 522.7 billion yuan, reflecting a year-on-year growth of 7.8% [28]. - However, there was a notable decline in new policy premiums from the agent channel, which dropped by 13.8%, while the bank insurance channel saw a substantial increase of 61.1% [31][39]. Market Dynamics - The insurance sector is transitioning from a "volume and price decline" phase (2018-2022) to a "volume and price increase" phase in 2025, indicating a healthier growth trajectory [48][51]. - The shift in market dynamics is attributed to the effectiveness of the "reporting and operation integration" policy and the adjustment of premium rates, which have improved the new business value rates significantly [40][41]. Agent Channel and Bank Insurance Channel - The agent channel is facing challenges with a decline in the number of agents and average productivity, while the bank insurance channel is experiencing robust growth, indicating a shift in sales strategy [42][39]. - The average productivity of agents decreased by 11.3%, highlighting the ongoing transformation within the agent channel [46]. Conclusion - The insurance industry is showing resilience and adaptability, with a clear trend towards high-quality development characterized by simultaneous growth in new business value and premiums, driven by strategic channel shifts and improved operational efficiencies [51][52].

Group 1 - The event focused on "solidifying suitability management and protecting consumer rights" and was held in Zhengzhou Longhu Financial Island [1] - The competition was guided by the National Financial Supervision Administration's Henan Regulatory Bureau and co-hosted by the Henan Banking Association and Henan Insurance Association, involving over 120 banking and insurance institutions [1][3] - China Life Insurance's Henan branch won the "Excellence Award" in the finals [1] Group 2 - The activity aims to enhance the responsibility of financial institutions and cultivate rational and prudent financial consumers, contributing to the healthy development of the financial industry [3] - As part of the 2025 Henan Financial Education Promotion Week, the event utilized a "knowledge quiz + practical exercises" approach to embed suitability management concepts into daily operations and services of financial practitioners [3] - China Life Insurance's Henan branch plans to leverage this competition to further implement the "finance for the people" philosophy, strengthen consumer protection, and support the high-quality development of Henan's financial industry [3]

二、中国人寿保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 中国人寿 中国人寿 分时图 日K线 周K线 月K线 38.01 0.06 0.16% 0.63% 0.42% 0.21% 0.00% 0.21% 0.42% 0.63% 37.71 37.79 37.87 37.95 38.03 38.11 38.19 09:30 10:30 11:30/13:00 14:00 15:00 0 7万 14万 21万 2025年9月16日，固原金融监管分局发布批复称，《关于变更中国人寿（601628）保险股份有限公司西 吉支公司吉强营销服务部营业场所地址的请示》（国寿人险宁发〔2025〕93号）收悉。经审查，现批复 如下： 一、同意中国人寿保险股份有限公司西吉支公司吉强营销服务部将营业场所变更为：宁夏回族自治区固 原市西吉县吉强西街（回小西侧）幸福佳苑住宅小区13-2号商业楼101铺-102铺2楼。 ...