Group 1 - The company has mobilized resources to support disaster relief efforts in response to severe flooding in Gansu Province, emphasizing rapid claims processing and efficient resource allocation [1][2] - As of August 10, the company has received 33 claims related to vehicle and property insurance, with 18 claims already processed [1] - The company has established emergency response teams and service points in affected areas to provide immediate assistance and ensure timely claims payments [1][2] Group 2 - The company has implemented various measures to facilitate claims processing, including the removal of paperwork requirements and the extension of insurance coverage periods [2] - In addition to Gansu, the company is actively responding to flooding in Guangdong and drought conditions in Henan, with over 3,500 claims reported in Guangdong and estimated losses exceeding 100 million yuan [2] - The company plans to continue monitoring disaster situations and enhance claims processing efficiency to support affected communities in recovery efforts [3]

二是以民生为念，彰显普惠关怀。中国人寿深州支公司以"关注民生保障、促进社会和谐"为使命，全面 参与多层次医疗保障体系建设，取得了政府认可、民众满意的双赢结果。 转自：新华财经 中国人寿衡水深州支公司始终将广大客户的利益放在首要位置，不断改进服务方式，创新服务手段，建 立、完善以客户需求为导向的销售模式，不断提升营销员职业素质和服务品质，着重解决好理赔服务等 群众关心的热点、焦点问题，解决广大参保群众的后顾之忧。 一是以服务为念，创新引领发展。中国人寿深州支公司将公司发展置于经济社会发展的大局中，始终把 满足人民群众美好生活需求作为出发点，把专注主业、做精专业为落脚点，通过提供更加符合百姓需求 的保险产品和服务，为全面建成小康社会构筑安全保障网。打造科技国寿，推进国寿E店、E店智能平 台，优化客户体验。发展民生保险，全面推广移动理赔，全流程无纸化办公。通过科技应用，缩短理赔 时效，立案申请到支付1.36天，低于全省平均给付时效。 同时，公司勇担社会责任，积极响应政府号召，开展3.15诚信宣传，高考志愿者服务，积极开展防范非 法集资等宣传活动，切实保障公司和客户的合法权益不受侵害，为维护社会稳定起到重要作用。（王 ...

Core Viewpoint - China Life Anping Branch actively participates in activities for the National Day for Assisting the Disabled, focusing on the insurance needs of disabled individuals and promoting insurance policy awareness and support services [1][2] Group 1: Event Participation - The company engages in a special assistance action organized by the Anping County Disabled Persons' Federation, aligning with the theme of "Promoting Self-Reliance and Assistance Spirit" for the 2025 National Day for Assisting the Disabled [1] - The event includes the distribution of the "Disability Accident Insurance Explanation Paper," which provides detailed information on insurance responsibilities and claims processes [1] Group 2: Service and Support - The "Disability Accident Insurance Explanation Paper" aims to help disabled individuals and their families quickly understand the policies, including a checklist of required materials for claims and contact information [1] - The initiative has received positive feedback from the community, highlighting the social care extended to disabled individuals [1] Group 3: Future Plans - The company plans to deepen cooperation and explore customized insurance products for disabled individuals, such as expanding coverage for special groups and optimizing occupational classification underwriting policies [1] - Digital solutions will be implemented to enhance service convenience, including establishing a green channel for disabled individuals to complete applications without leaving home [1]

深入开展，强化合规意识。通过此次线上答题活动，员工们对保险行业合规知识有了更系统、更深入的 理解，合规操作能力和风险防范意识得到有效提升。此外，活动的开展也为公司合规管理工作提供了新 思路和新方法，进一步完善合规培训与考核机制，促进合规文化在公司内部的传播与落地。 持续推进，巩固活动成果。下一步，中国人寿故城支公司将以此次线上答题活动为契机，持续深化"合 规管理提升年"各项工作。（王文聪） 编辑：赵鼎 精心筹备，营造浓厚氛围。活动前期，公司相关领导高度重视，亲自部署本次活动安排。通过公司内勤 会议、微信群等渠道，广泛宣传活动的目的、意义及参与方式，充分调动员工积极性。同时，结合日常 业务实际，整理涵盖保险法律法规、合规操作流程、销售行为规范等多方面的题库，确保题目内容贴合 工作实际，具有针对性和实用性，为活动顺利开展奠定坚实基础。 积极参与，掀起学习热潮。线上答题平台自开放之日起，便吸引了全体员工的踊跃参与。活动过程中， 员工们相互交流答题经验、分享学习心得，形成了"比、学、赶、帮、超"的良好学习氛围。部分员工还 主动查阅相关资料，深入学习合规知识，进一步巩固答题成果。 转自：新华财经 为深入贯彻落实"合规管 ...

凤凰网财经讯 8月8日，据国家金融监管总局官网消息显示，中国人寿喀什地区中心支公司因套取费 用，被罚款12万元。 相关责任人周保中被警告并罚款2万元。 | 序 | 当事人名称 | 主要违法违规 | 行政处罚内容 | 作出决定 | | --- | --- | --- | --- | --- | | 릉 | | 行为 | | 机关 | | 1 | 中国人寿财产保险 股份有限公司喀什 地区中心支公司及 相关责任人 | 套取费用 | 对该中心支公司罚 款12万元。对周保 中警告并罚款2万元 | 喀什金融 监管分局 | ...

一、同意中国人寿保险股份有限公司德清县支公司禹越镇营销服务部的营业场所变更为：浙江省湖州市 德清县禹越镇商益街35号第一层。 2025年8月4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德清县支公司禹越镇营销服务部营业场所的请 示》（国寿人险浙发〔2025〕256号）收悉。经审核，现批复如下： 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。 ...

2025年8月7日，国家金融监督管理总局温州监管分局发布批复称，《关于变更中国人寿（601628）财产 保险股份有限公司温州中心支公司乐清市虹桥镇营销服务部营业场所的请示》（国寿财险浙发〔2025〕 114号）收悉。经审核，现批复如下： 一、同意中国人寿财产保险股份有限公司温州中心支公司乐清市虹桥镇营销服务部的营业场所变更为： 浙江省温州市乐清市虹桥镇城南大道1031—1081号1号楼10层1005室。 二、中国人寿财产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。 ...

一、同意中国人寿财产保险股份有限公司温岭市支公司松门镇营销服务部营业场所变更为：浙江省台州 市温岭市松门镇政民路154号。 二、中国人寿财产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。 2025年8月5日，国家金融监督管理总局台州监管分局发布批复称，《中国人寿（601628）财产保险股份 有限公司浙江省分公司关于变更中国人寿财产保险股份有限公司温岭市支公司松门镇营销服务部营业场 所的请示》（国寿财险浙发〔2025〕104号）及说明解释材料收悉。经审核，现批复如下： ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the Chinese insurance industry, particularly life and property & casualty (P&C) insurance sectors, with insights into the expected performance for the first half of 2025 (1H25E) [1][2][3]. Core Insights and Arguments Life Insurance Sector - **Robust NBV Growth**: Life insurers in China are expected to report a robust new business value (NBV) growth of 18% to 43% year-over-year (yoy) in 1H25E, primarily driven by: - Strong momentum in the bancassurance channel as banks seek enhanced returns on maturing deposits [2][8]. - Margin expansion due to a pricing rate cap cut in Q3 2024 and expense rationalization across the agency channel [2][8]. - **Leading Companies**: - PICC Life is projected to lead with a 43% yoy NBV growth, followed by Ping An Life and New China Life at 39% each, and CPIC Life at 31% [2][8]. - Taiping Life and China Life are expected to have softer growth at 26% and 18% yoy, respectively, due to a focus on shifting towards par products [2][8]. Property & Casualty (P&C) Insurance Sector - **Improvement in CoR**: Traditional P&C insurers are anticipated to see a year-over-year improvement in the combined ratio (CoR) by 0.9 to 2.0 percentage points (ppt) in 1H25E, attributed to normalized natural catastrophe (NAT CAT) trends, with economic losses from catastrophes declining by 46% yoy to RMB 54 billion [3][9]. - **Top Players' Performance**: - The top three players, PICC P&C, Ping An P&C, and CPIC P&C, are expected to see CoR enhancements to 95.3%, 95.8%, and 96.1%, respectively [3][9]. Earnings Trends - **Diverging Earnings Growth**: Earnings trends are expected to diverge between life and P&C insurers in 1H25E: - P&C-focused players are forecasted to enjoy higher earnings growth, with PICC P&C and PICC Group expected to see net profit growth of 29% and 20% yoy, respectively [4][10]. - Life insurers are expected to have varied growth, with NCI leading at 25% yoy, followed by CTIH at 15%, while Ping An is projected to decline by 8% yoy [4][10]. Additional Important Insights - **Market Reactions and Ratings**: - China Life Insurance has been placed under a negative catalyst watch due to concerns that its 1H25E earnings growth may fall below expectations, with a forecasted modest growth of 5% yoy [25][26]. - Conversely, China Pacific Insurance and Ping An Insurance are under positive catalyst watches, with expectations of decent NBV growth and CoR improvements [27][29]. - **Investment Strategies**: - Analysts maintain a "Buy" rating for several companies, including China Life and China Pacific, citing strong brand recognition and growth potential from ongoing reforms in the life insurance sector [83][92]. Conclusion - The Chinese insurance industry is poised for significant growth in both life and P&C sectors in 1H25E, driven by strategic shifts in sales channels and improved operational efficiencies. However, earnings performance may vary significantly across different companies, highlighting the importance of careful stock selection in this sector.

Institutional Movements - The demand for "equity" products is increasing, with institutions raising their equity positions and optimistic about the market outlook [1] - "Fixed income +" products are experiencing a surge in popularity, with significant inflows and a notable increase in total scale from 13,807.34 billion to 14,815.72 billion [2][3] Fund Performance - The "fixed income +" fund's core strategy involves using fixed income assets as a base while enhancing returns through equity assets, leading to a shift in investor behavior towards seeking controlled-risk returns [3] - The median returns for short-term and medium-term pure bond funds were 0.85% and 0.77% respectively, indicating a compression in yield potential for traditional savings products [3] Equity Asset Focus - The issuance of equity funds remains robust, with over 10 equity funds exceeding 1 billion in issuance since July, reflecting a market recovery [4] - Insurance institutions are increasingly promoting equity funds, with several funds recently appointing insurance companies as distribution channels [4] Market Outlook - Multiple institutions are signaling intentions to increase equity asset allocations, with expectations of further strengthening in the A-share market [5] - The market is perceived to have significant upside potential due to economic resilience, policy support, and ongoing shifts in resident asset allocation [6]