新公司法施行一周年，董责险成上市公司“标配”

Core Viewpoint - The enthusiasm for purchasing Directors and Officers Liability Insurance (D&O Insurance) continues to rise, driven by the implementation of the new Company Law, which has significantly increased the legal responsibilities of company executives and directors [1][2]. Group 1: Market Growth and Trends - Over 280 A-share listed companies have announced plans to purchase or renew D&O Insurance in the first half of the year, indicating a growing trend in corporate governance and risk management [1][2]. - The new Company Law, effective from July 1, 2024, formally establishes the D&O Insurance system, allowing companies to insure directors against liabilities incurred while performing their duties [2][3]. - A report indicates that 475 A-share listed companies are expected to disclose D&O Insurance plans in 2024, representing a 34% year-on-year increase, with 234 companies disclosing for the first time [2]. Group 2: Reasons for Increased Demand - The heightened regulatory scrutiny and the rise in investor claims have led to an increased awareness of the risks faced by directors and executives, prompting more companies to seek D&O Insurance [3][4]. - The new Company Law expands the scope of liability for directors and executives, which has stimulated demand for D&O Insurance as companies recognize the potential financial risks involved [3][6]. Group 3: Market Challenges and Opportunities - Despite the increase in companies purchasing D&O Insurance, the overall market penetration remains low, with only 23.7% of listed companies having announced D&O Insurance plans by the end of 2024, compared to over 80% in mature markets [6][7]. - Factors hindering market growth include a lack of awareness among companies about the importance of D&O Insurance, insufficient information disclosure, and limitations in the insurance products available [6][7]. - The concentration of ownership in some companies can also limit the support for D&O Insurance from controlling shareholders, affecting its promotion [7]. Group 4: Recommendations for Insurers - Insurers are advised to enhance their underwriting capabilities and expand their coverage to meet the growing demand from listed companies [7][8]. - There is a need for insurers to optimize product design and offer customized D&O Insurance products that cater to the specific needs of different companies [7][8]. - Strengthening risk management and control is essential for insurers to ensure sustainable operations in the high-risk D&O Insurance market [7][8].