去年643家A股公司将董责险装进“购物车”
Zheng Quan Ri Bao·2026-01-05 16:49

Group 1 - The core viewpoint of the news is that the demand for Directors and Officers Liability Insurance (D&O Insurance) among listed companies in China is increasing significantly, reflecting a growing recognition of its importance in risk management [1][2] - In 2025, 643 A-share listed companies announced their plans to purchase D&O Insurance, marking a 19% year-on-year increase, with 256 companies disclosing their plans for the first time [1] - By the end of 2025, the proportion of listed companies that purchased D&O Insurance increased by 4 percentage points compared to the end of 2024, indicating a sustained upward trend in adoption [1] Group 2 - The rise in D&O Insurance adoption is attributed to stricter regulations and an awakening of investor rights awareness, driven by the implementation of new securities and company laws, alongside an increase in administrative penalties and civil compensation cases for listed companies [2] - The demand for D&O Insurance is highly correlated with the litigation risks faced by companies and their executives, with state-owned and foreign enterprises showing higher levels of interest in purchasing such insurance [2] - The average premium rate for D&O Insurance has shown an overall upward trend from 0.3% in 2017 to 0.5% in 2022, but has started to decline since 2023, reaching below 0.5% by the fourth quarter of 2025 [3] Group 3 - The number of listed companies under investigation that have purchased D&O Insurance has increased significantly, reaching 173 companies by the end of 2025, which often triggers the insurance coverage for legal expenses related to regulatory investigations [3] - The D&O Insurance market is expected to continue growing, with an anticipated increase in the insurance purchase rate among A-share listed companies, particularly in the private and medium-sized enterprise sectors [4] - Short-term premium rates may remain low due to market competition, but a long-term rational upward trend is expected as more claims are exposed and risks become more apparent [4]