从“规模扩张”到“价值创造” 保险业进入深度转型攻坚期

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session has approved the "Proposal on Formulating the 15th Five-Year Plan for National Economic and Social Development," which emphasizes the strategic role of the insurance industry in China's modernization process, transitioning from scale expansion to value creation [1][3]. Group 1: Strategic Positioning - The insurance industry is positioned as a core supporter of the social security system, evolving from a supplementary role to a co-builder of the system, addressing both basic social security gaps and personalized insurance needs [2]. - Insurance is expected to play a significant role in major national initiatives such as rural revitalization, technological innovation, and green development, serving as a financial tool and risk barrier [2]. - The industry is recognized as a risk manager for economic and social stability, addressing both traditional and emerging risks, including cybersecurity and data security [2]. Group 2: Historical Missions - The insurance industry has three historical missions during the 15th Five-Year period: safeguarding public welfare and promoting common prosperity, empowering the real economy, and enhancing risk governance to ensure national security [3]. - The focus on improving the insurance sector's role in reducing wealth disparities and supporting high-quality economic development is emphasized [3]. Group 3: Development Opportunities - The proposal outlines five key growth areas for the insurance industry: technology finance, green finance, inclusive finance, pension finance, and digital finance, presenting unprecedented development opportunities [4][5][6][7]. - Technology finance will create new risk protection demands and innovative insurance products, while green finance will expand the insurance product system to meet the needs of the green transition [4][5]. - Inclusive finance will tap into the potential of underserved markets, particularly in agricultural and health insurance, while pension finance will address the growing demand for retirement solutions amid an aging population [6]. - Digital finance will drive efficiency through technology, enhancing customer experience and enabling the development of customized insurance products [6]. Group 4: Challenges and Transformation - The insurance industry faces challenges such as product homogeneity, supply-demand mismatches, and a concentration of market power among leading firms, which hinder sustainable development [8]. - To transform challenges into development momentum, the industry must shift from scale-oriented to value-oriented growth, focusing on core protection functions and optimizing business structures [9][10]. - The industry should also transition from product competition to ecosystem competition, integrating services and resources to provide comprehensive solutions [10]. - Emphasizing technology-driven approaches will enhance product innovation and operational efficiency, while global collaboration will expand international business opportunities [10][11]. - A proactive risk management model is essential, focusing on prevention, control, and compensation to strengthen the overall risk management framework [11].