“南财－保险行业2025年十大新闻”发布：破立并举，革故鼎新

Core Insights - The insurance industry underwent significant adjustments and proactive changes in 2025, focusing on asset-liability management and returning to its core purpose of providing protection while serving the real economy [1] Group 1: Establishment of the Dynamic Adjustment Mechanism for Predetermined Interest Rates - A notification was issued to establish a mechanism linking predetermined interest rates to market rates, guiding companies to strengthen asset-liability linkage and adopt prudent pricing [3] - The predetermined interest rates for ordinary life insurance products were adjusted throughout 2025, with values decreasing from 2.34% in January to 1.90% in October [4] - The mechanism represents a shift from passive administrative guidance to proactive market-oriented adjustments, aiming to enhance the industry's ability to navigate low-interest environments [5][6] Group 2: Continuous Improvement of Investment Policies for Insurance Funds - A series of policies were introduced to encourage long-term investments by state-owned insurance companies in A-shares and equity funds, including adjustments to regulatory ratios and performance evaluation metrics [7][8] - These measures aim to promote a virtuous cycle of capital allocation, allowing insurance funds to better support the real economy and technological innovation [9] Group 3: Breakthroughs in Catastrophe Insurance System During the 14th Five-Year Plan - The insurance industry has made significant progress in establishing a national catastrophe insurance system, with over 150 billion yuan in payouts for disasters like floods and earthquakes [10] - The introduction of catastrophe insurance models and support for insurance companies to issue catastrophe-linked securities in Hong Kong enhances risk diversification [11] Group 4: Approval of Foreign Insurance Asset Management Companies - The establishment of foreign-owned insurance asset management companies, such as AIA's, marks a milestone in China's financial openness, signaling a deeper integration of foreign institutions into the domestic market [14][16] - This development is expected to foster competition and collaboration, enhancing the overall efficiency of the insurance asset management sector [18] Group 5: Launch of the "Car Insurance Good to Insure" Platform - The platform was created to address the challenges faced by electric vehicle owners in obtaining insurance, providing a streamlined online application process [19][20] - This initiative aims to improve consumer satisfaction and enhance the industry's capacity to underwrite high-risk vehicles [21] Group 6: Pilot Program for Insurance Fund Investment in Gold - A pilot program was launched to allow insurance funds to invest in gold, aimed at optimizing asset allocation and enhancing risk management in a low-interest environment [22][24] Group 7: Reform of Personal Marketing System in Life Insurance - A notification was issued to reform the personal marketing system in the life insurance sector, focusing on enhancing the professionalism and compliance of sales personnel [25][26] Group 8: Introduction of the First Commercial Health Insurance Innovative Drug Directory - The release of the directory marks a significant step in developing a multi-tiered medical security system, allowing for the inclusion of innovative drugs not covered by basic medical insurance [27][29] Group 9: Release of the Fourth Life Table for the Life Insurance Industry - The new life table indicates a significant decrease in mortality rates and an increase in life expectancy, reflecting the aging trend in society [30][31] Group 10: Implementation of "Report and Practice Integration" in Non-Motor Insurance - A notification was issued to strengthen the regulation of non-motor insurance businesses, promoting rational competition and enhancing the quality of services [32][34]