保险行业《关于强监管防风险促改革推动财险业高质量发展行动方案》点评：鼓励兼并重组、扶优限劣导向明显，行业格局有望加速优化

Investment Rating - The report maintains a recommendation for the insurance industry [1] Core Insights - The report discusses the "Action Plan for Strengthening Regulation, Preventing Risks, and Promoting High-Quality Development of the Property Insurance Industry," which emphasizes a clear direction for encouraging mergers and acquisitions while favoring strong companies and limiting weaker ones, indicating an expected acceleration in the optimization of the industry structure [1] - The plan outlines twenty specific measures aimed at enhancing the quality of regulation and risk prevention in the property insurance sector, including stricter market entry and exit regulations, and a focus on eliminating non-compliant practices [1] - The report highlights the encouragement of mergers and acquisitions within the property insurance industry to enhance capital replenishment capabilities and improve risk management systems, suggesting a potential reshaping of the competitive landscape with increased industry concentration [1] Summary by Sections - Regulatory Measures: The report indicates that the plan will lead to a wave of branch closures and the exit of underperforming products, which will help guide orderly competition and reduce operational costs [1] - Risk Management: It emphasizes the need for robust risk prevention and resolution mechanisms, with a focus on enhancing the industry's ability to manage and mitigate risks [1] - Market Dynamics: The report anticipates that the competitive landscape will undergo significant changes, with stronger companies likely absorbing weaker ones, leading to a more concentrated market [1] - Service Improvement: The plan aims to improve the quality of services provided to the real economy, supporting national strategies and disaster prevention efforts [1] - Future Outlook: The report expresses a positive outlook for leading property insurance companies, driven by supportive measures such as capital increases and regulatory easing [1]