China Life(HK:02628) Zheng Quan Ri Bao·2025-07-29 16:33Core Viewpoint - The integration of insurance into social governance is exemplified by the effective operation of the traffic accident social rescue fund in Shanxi Province, which has significantly improved emergency medical response and support for accident victims [1][2][4]. Group 1: Traffic Accident Social Rescue Fund - The traffic accident social rescue fund has been operational since 2010, providing a "pre-guarantee, quick rescue, post-payment" model that prioritizes saving lives regardless of fault or vehicle type [3][4]. - In 2024, the death rate of traffic accident victims in Shanxi Province decreased from 5.24% in 2019 to 2.44%, demonstrating the fund's effectiveness [4]. - The fund has assisted over 23,596 individuals and disbursed more than 716 million yuan in aid as of June 2025 [4]. Group 2: Financial Sustainability and Management - The fund's financial sustainability relies on a well-designed system, with sources including a percentage of compulsory insurance fees, recovery funds, fines, donations, and temporary government subsidies [5]. - The average annual usage of the fund is around 150 million yuan, with approximately 75 million yuan coming from compulsory insurance contributions [5]. Group 3: Broader Insurance Impact - Insurance is extending its role beyond compensation to include proactive risk prevention and intervention, as seen in the development of specialized insurance products for forest rangers and ecological economic initiatives [6][8]. - The "green guardian" insurance for forest rangers has provided over 138.45 billion yuan in risk coverage, highlighting the insurance sector's commitment to safeguarding both people and the environment [7][8]. - Innovative products like forest carbon sink meteorological index insurance aim to convert ecological value into economic value, thus supporting sustainable development [8].