决胜“十四五” 打好收官战|做好“减震器”“稳定器”！“十四五”期间保险业保障能力持续提高

Core Insights - The insurance industry in China is expected to see significant growth during the 14th Five-Year Plan period, with original insurance premium income projected to increase by over 25% compared to 2020, and total assets expected to grow by 68% by mid-2025 [1] Group 1: Strengthening Social Welfare - The insurance sector has expanded its capacity to improve and guarantee livelihoods, with personal insurance payouts expected to reach 1.2 trillion yuan in 2024, an increase of 88.08% from 2020, while property insurance payouts are projected at 1.1 trillion yuan, up 57.14% from 2020 [2] - The insurance industry is actively developing commercial insurance products, including annuities and long-term care insurance, to better serve the needs of new citizens and emerging industries [2] - Catastrophe insurance has achieved full coverage for common natural disasters in China, with over 20 provinces piloting comprehensive catastrophe insurance [2] Group 2: Enhancing Support for the Real Economy - The insurance industry provides risk protection across various sectors, with agricultural insurance premiums rising from 97.6 billion yuan in 2021 to 148.37 billion yuan in 2024, reflecting an increase in coverage and protection levels for staple crops [3] - The establishment of the China Integrated Circuit Mutual Insurance Body has provided approximately 4.2 trillion yuan in risk protection since its inception, while technology insurance is expected to cover around 9 trillion yuan in 2024 [4] Group 3: Long-term Investment and Financial Support - Insurance funds are increasingly supporting large-scale projects, with the balance of insurance company funds invested rising from 21.68 trillion yuan at the end of 2020 to 34.93 trillion yuan by the first quarter of this year [5] Group 4: Ongoing Reforms in Key Areas - The launch of the "Car Insurance Easy to Insure" platform has facilitated the underwriting of over 880,000 new energy vehicles, with total coverage reaching 888.95 billion yuan, addressing high compensation risks in this sector [6] - The average car insurance premium has decreased by 21.2% to 2,773 yuan per vehicle since the implementation of comprehensive car insurance reforms [6] - The insurance industry is undergoing significant reforms to enhance operational standards and improve service quality, with a focus on risk management and regulatory compliance [7]