魏迎宁：构建新时代的保险业新价值

Core Viewpoint - The 20th China Insurance Innovation Forum emphasizes the theme "融创共生" (Integration, Innovation, and Coexistence), highlighting the need for the insurance industry to address challenges related to integration depth, innovation vitality, and ecological sustainability in order to achieve high-quality development and reshape core competitiveness [3][14]. Industry Performance - As of the end of Q3, the total assets of China's insurance industry reached 40.40 trillion yuan, representing a year-on-year growth of 15.42%. The original insurance premium income was 5.21 trillion yuan, with claims paid amounting to 1.87 trillion yuan, which is an increase of 8.06% year-on-year [4][14]. Challenges Faced - The industry is facing unprecedented challenges, including: - Growth Model Dilemma: Transitioning from a "scale-driven" to a "value-driven" approach, with traditional growth methods becoming less effective due to market saturation and price wars [6][15]. - Customer Relationship Issues: A trust deficit exists, with many customer interactions remaining superficial and transactional rather than fostering long-term partnerships [6][15]. - Technology Application Barriers: Despite advancements in big data, AI, and blockchain, many applications are still at a superficial level, lacking a fundamental transformation in risk management practices [6][15]. Future Expectations - Three key expectations for the industry moving forward: - Integration as a Pathway: Emphasizing the need for deep integration with technology and various industries to create "smart insurance" and new value propositions [6][16]. - Innovation as the Core: Focusing on personalized and scenario-based product offerings, as well as shifting from a claims-focused model to one that emphasizes risk management and prevention [6][17]. - Coexistence as the Foundation: Building long-term, trust-based relationships with customers, fostering collaboration among industry players, and maintaining a commitment to social responsibility [6][18].