Core Viewpoint - Reinsurance plays a crucial role in stabilizing the insurance industry, supporting national governance, and serving China's modernization efforts, especially in the context of evolving global risk landscapes such as climate change, technological innovation, and geopolitical conflicts [1][2]. Group 1: Functions of Reinsurance - Reinsurance serves as a primary channel for dispersing catastrophic risks, particularly those related to climate change, which can lead to significant economic losses from natural or man-made disasters [2][3]. - It is an essential tool for addressing emerging risks driven by technological, environmental, and social changes, providing necessary underwriting capacity and specialized risk pricing models [3][4]. - Reinsurance is effective in mitigating complex risks, such as geopolitical conflicts, by quantifying and managing these risks through modeling and product development [4]. Group 2: Future Development of China's Reinsurance Market - China's reinsurance market is at a strategic opportunity period, with a growing demand for a more resilient and efficient financial risk management system to support national economic and financial security [5][6]. - The next decade is seen as a critical period for the Chinese insurance and reinsurance industry to fill existing gaps, as China's reinsurance market currently holds only 4% of the global share, despite the country's significant GDP and insurance market size [7]. - There is a pressing need to enhance the aggregation of reinsurance market elements, risk pricing, and market leadership capabilities to better support economic safety nets and disaster protection [7]. Group 3: Strategies for Accelerating Reinsurance Development - Strengthening research leadership is vital, as reinsurance is a research-driven field that requires comprehensive understanding and innovative solutions for managing various risks [8]. - Emphasizing technological empowerment will allow reinsurance companies to better predict risks and implement precise pricing strategies, moving beyond traditional capital provision [8]. - Promoting industry collaboration is essential for establishing a robust risk-sharing mechanism, enhancing the overall resilience of the financial system [8]. Group 4: Initiatives by China Reinsurance - China Reinsurance has actively explored its core responsibilities by establishing a catastrophe modeling company and a reinsurance research institute, contributing to the development of a comprehensive risk management framework [9]. - The company has developed three major catastrophe models and launched China's first climate change risk insight platform, enhancing its capabilities in managing climate-related risks [9]. - China Reinsurance is also involved in building the Shanghai reinsurance center and has established operational centers to support the development of a reinsurance community along the Belt and Road Initiative [9].
抓住再保险重要战略机遇期 加快发展中国再保险市场 访中国再保险（集团）股份有限公司党委书记庄乾志