Zhong Guo Jing Ying Bao·2025-11-08 01:24Core Insights - The insurance industry is undergoing a paradigm shift in its competitive model, moving away from traditional price and cost-based competition towards a focus on pricing, risk control, and specialized service capabilities [2] - Non-auto insurance is identified as a key area for the industry to fulfill its dual functions and support national development, with China Pacific Insurance aiming to strengthen its non-auto insurance segment while maintaining its auto insurance advantages [2] - The company has developed a comprehensive operational process for overseas markets, covering 138 countries and regions, providing risk protection amounting to 1.7 trillion yuan [2] Summary by Sections - Industry Competition: The competitive landscape is evolving due to declining interest rates and regulatory changes, necessitating a shift towards specialized capabilities in pricing and risk management [2] - Focus on Non-Auto Insurance: China Pacific Insurance plans to enhance its non-auto insurance offerings to align with national development goals and economic modernization [2][3] - International Expansion: The company has established a mature operational framework for international markets, supporting Chinese brands and enterprises abroad [2]