再保险行业更好服务实体经济大有可为

Core Viewpoint - The Chinese reinsurance market is rapidly developing but still lags behind international standards in risk management, actuarial pricing, and data modeling, indicating significant potential for growth and improvement in supporting the national economy's high-quality development [1][5]. Group 1: Market Overview - In 2022, China's reinsurance premiums reached 259.5 billion yuan, while direct insurance premiums totaled 5.7 trillion yuan, resulting in a penetration rate of 4.6%. In comparison, global reinsurance premiums were $900 billion, with direct premiums at $7.2 trillion and a penetration rate of 12.5% [1]. - China's direct insurance ranks second globally, while its reinsurance ranks seventh, highlighting the need for increased penetration in the reinsurance sector [1]. Group 2: Support for National Strategies - The reinsurance industry has actively supported major national strategies, including aerospace projects and the Belt and Road Initiative, with initiatives like the establishment of a nuclear community to provide comprehensive risk coverage for over 1 trillion yuan in nuclear assets [2]. - As national strategies advance, there will be a surge in new and complex reinsurance demands, necessitating improvements in risk pricing, product innovation, and global risk diversification capabilities [2]. Group 3: Innovation and Industry Development - The reinsurance sector can play a crucial role in supporting technological innovation and modern industrial systems by mitigating risks associated with technology development failures, equipment damage, and supply chain disruptions [3]. - By sharing data and enhancing underwriting capabilities, reinsurance can help direct insurers better serve critical sectors, particularly those facing "bottleneck" technology challenges [3]. Group 4: Disaster Risk Management - There is a significant gap in the compensation capacity of China's insurance industry for natural disasters, with direct economic losses from disasters amounting to approximately 401.1 billion yuan, while insurance payouts cover nearly 10% of these losses [4]. - The reinsurance mechanism can aggregate underwriting capacity to efficiently transfer and diversify catastrophic risks, leading to more accurate pricing and innovation in catastrophe insurance products [4]. Group 5: Future Outlook - The reinsurance industry must integrate its development with the broader economic and social landscape of the country, enhancing risk management systems and data infrastructure to effectively promote high-quality economic development [5]. - As the penetration rate of the reinsurance market increases, its role in supporting national strategies, enabling technological innovation, and improving disaster protection systems is expected to become more critical [5].