Nan Fang Du Shi Bao·2025-04-08 13:52Core Viewpoint - Cai Qiang, a significant figure in the insurance industry, has resigned from China Pacific Insurance (Group) Co., Ltd. and will take on a new role as Regional Executive President at Prudential Group, overseeing markets in Malaysia, Indonesia, and Vietnam [2][6]. Group 1: Background and Career Transition - Cai Qiang, born in July 1967, has extensive experience in the insurance sector, having worked his way up from an individual insurance marketer to regional director at AXA Insurance Group [6]. - He served as the CEO of AIA China, where he implemented two five-year plans that tripled new business value and transformed the marketing system [6]. - In April 2021, Cai was appointed CEO of China Pacific Life Insurance, becoming the first "external brain" in the company's history, tasked with navigating significant industry changes [6][7]. Group 2: Transformation Initiatives - Under Cai's leadership, China Pacific Life launched the "Long Voyage Action" plan, focusing on five core strategies: professional marketing, value insurance, product-service systems, corporate governance, and cultural transformation [7]. - The plan aimed to shift from a "people-driven" model to a "talent-driven" approach, optimizing the agent workforce from 539,000 to 210,000 over four years [7]. Group 3: Performance Metrics - The monthly average income of insurance agents increased significantly during Cai's tenure, with figures rising from 4,638 yuan in 2021 to 16,700 yuan in 2024, reflecting a growth of 30.4% year-on-year [8]. - The new business value for China Pacific Life reached 10.962 billion yuan in 2023, a 19.1% increase, and is projected to grow to 13.258 billion yuan in 2024, marking a 20.9% increase [8].