SHLG(SH:600848) Zhong Guo Zheng Quan Bao·2025-10-24 12:04Core Viewpoint - The reinsurance industry in China is presented with both opportunities and challenges as Chinese enterprises accelerate their global expansion, necessitating enhanced risk management and support services [2][3]. Group 1: Opportunities in Global Expansion - As of the end of 2024, Chinese investors have established 52,000 overseas enterprises in 190 countries and regions, creating a significant demand for reinsurance services to safeguard overseas interests [3]. - The industry is actively working to improve its offerings by incorporating international underwriting techniques, enhancing overseas risk assessment, and establishing a comprehensive overseas service network [3][4]. Group 2: Challenges in the Reinsurance Market - The reinsurance market faces challenges in service capabilities, particularly in building specialized teams to manage the unique risks associated with overseas operations [3][4]. - There is a need for further capacity building and innovation within the industry to effectively support Chinese enterprises venturing abroad [3][9]. Group 3: Technological Innovation in Insurance - The rise of technology has created new demands for insurance products, particularly in the field of technology insurance, which includes coverage for innovation processes and operational risks of innovative organizations [6][7]. - The company is focusing on digital transformation and innovation, launching various industry service platforms and pricing models to support technological advancements and risk management [6][7]. Group 4: Contribution to Shanghai International Reinsurance Center - The company has been actively involved in the development of the Shanghai International Reinsurance Center, establishing an operational center to enhance information integration and transaction centralization [8]. - Recent transactions have exceeded 5 billion yuan, indicating a strong commitment to facilitating domestic and international reinsurance transactions [8]. Group 5: Future Directions - The company aims to leverage the advantages of the Shanghai International Reinsurance Center to expand its international reinsurance business and contribute to global risk governance [9].