Zhong Guo Jin Rong Xin Xi Wang·2025-08-29 03:05Core Viewpoint - China Ping An's new business value in life and health insurance reached 22.335 billion yuan in the first half of 2025, marking a year-on-year growth of 39.8%, indicating significant growth potential in commercial health insurance due to rapid economic development in China [1][5]. Industry Insights - The Chinese government is placing high importance on the construction of a multi-level security system, emphasizing the necessity for collaboration between basic medical insurance and commercial health insurance [3][4]. - Policies supporting the high-quality development of commercial health insurance have been introduced this year, presenting historic opportunities for the sector [3][4]. - The basic medical insurance system covers 1.326 billion people with a participation rate of 95%, but the overall funding level is low, necessitating a focus on basic coverage [4]. Company Strategy - China Ping An is optimistic about the future of commercial health insurance, noting that the sector has maintained double-digit growth in premiums over recent years [5][6]. - The company plans to enhance the development of "insurance + medical" products to support the construction of a comprehensive medical ecosystem, focusing on differentiated and advantageous services [6][7]. - Ping An aims to deepen collaboration in the pharmaceutical insurance sector and actively participate in the construction of a drug directory to promote standardization and professional development within the industry [7].