Zhong Guo Zheng Quan Bao·2025-09-21 09:32Core Viewpoint - The approval of the establishment of PICC Health Management Co., Ltd. by the Financial Regulatory Bureau signifies the further consolidation of China PICC Group's licensing framework and the expansion of health management companies funded by insurance firms [1][2]. Group 1: Industry Trends - Major insurance companies are increasingly establishing specialized health management companies, integrating insurance products with health management services to enhance the value of insurance offerings and improve risk management [1][4]. - The health insurance sector is becoming increasingly crowded, with a shift from traditional insurance models to products that encompass exclusive coverage, medical services, and unique benefits [4][6]. - The new "National Ten Articles" policy encourages the integration of commercial health insurance with health management, aiming to enhance service levels and promote a proactive approach to health [4][6]. Group 2: Company Developments - PICC Health plans to utilize 200 million yuan of its own funds to establish the health management company, aiming to create a new business model that combines insurance, health services, and technology [2][3]. - The health management business of PICC Health is projected to generate service revenue of 159 million yuan in the first half of 2025, serving over 4.8 million people, reflecting a year-on-year growth of over 20% [2][3]. - The company aims to transition its health insurance model from traditional reimbursement to managed healthcare, enhancing collaboration across various business segments [2][3]. Group 3: Future Outlook - The synergy between health insurance and health management is expected to enhance product value, reduce the risk of illness among insured individuals, and optimize profit margins for insurance companies [6][5]. - The use of mobile internet and artificial intelligence in health management services is being explored to improve efficiency and promote the health of insured populations throughout their life cycles [5][6].