Zhong Guo Chan Ye Jing Ji Xin Xi Wang·2025-07-30 08:47Core Viewpoint - The insurance mechanism is becoming a "key variable" in modern social governance, as highlighted by the 20th National Congress of the Communist Party of China, which emphasizes the need to improve the social governance system [1] Group 1: Role of China Life Insurance - China Life Insurance is leveraging its comprehensive financial advantages to enhance social governance effectiveness in areas such as medical security, elderly care, environmental governance, social management, and disaster prevention [1][2] - The company has integrated insurance mechanisms deeply into the national governance system, demonstrating a commitment to serving national development and protecting people's livelihoods [2][3] Group 2: Financial Performance - In 2024, China Life Property & Casualty Insurance's revenue surpassed 100 billion yuan for the first time, marking a significant milestone in its financial performance [2] - The company ranked 36th among the global top 50 property and casualty insurance companies, reflecting its growing competitiveness and influence in the market [2] Group 3: Case Studies in Shanxi - The implementation of the traffic accident social rescue fund in Shanxi has provided timely assistance to over 23,596 individuals affected by traffic accidents, with a total aid amount exceeding 716 million yuan [4] - The "Green Guardian" insurance developed for forest rangers offers 138 billion yuan in risk protection, showcasing the company's commitment to ecological conservation [5] Group 4: Community Engagement - The "Hundred Districts and Hundred Towns" project has established comprehensive financial service stations across 68 counties and 100 towns, providing essential services to local communities and creating over 1,021 job opportunities [6] - These service stations not only offer financial services but also empower rural governance by connecting local residents with insurance and financial products [6] Group 5: Risk Management Innovations - China Life Insurance has implemented a "risk reduction" model that combines insurance with proactive risk management, having identified over 1.5 million safety production hazards across various enterprises [7] - The company has sent over 10 million disaster warning messages, demonstrating its commitment to risk prevention and management [11] Group 6: National Implications - The practices in Shanxi serve as a model for nationwide implementation, illustrating how financial insurance can effectively participate in social governance [8][11] - The integration of insurance into social governance is seen as a crucial element in building a multi-layered social security system, contributing to China's modernization efforts [12]