Core Insights - The 12th "Peking University Saisir Forum 2025" was held at Peking University, focusing on the theme "Looking Ahead to the 14th Five-Year Plan: Strategic Opportunities and Risks" [1] - The forum gathered over 200 experts from regulatory bodies, universities, financial and insurance institutions, and research organizations to discuss opportunities and challenges in economic and social development during the 14th Five-Year Plan period [1] Group 1 - The 14th Five-Year Plan period is a critical stage in China's progress towards achieving socialist modernization, with the recent approval of the "Suggestions on Formulating the 14th Five-Year Plan for National Economic and Social Development" by the 20th Central Committee [1] - The forum aims to gather diverse insights to promote high-quality development in the insurance industry, improve the social security system, and facilitate coordinated economic and social development [1] Group 2 - The opening speech was delivered by Sun Qixiang, Honorary Director of the China Insurance and Social Security Research Center at Peking University, followed by a keynote address from Liang Tao, former Vice Chairman of the China Banking and Insurance Regulatory Commission, emphasizing high-quality development and the alignment of insurance with economic needs [2] - Experts including Chen Wenhui, former Vice Chairman of the National Social Security Fund Council, and others discussed topics such as digital transformation in insurance, healthcare reform, and new challenges in pension insurance [2] Group 3 - A roundtable forum on the development of the Chinese insurance industry was held, featuring the launch of the "China Insurance Industry Development Report 2025," with discussions on enhancing health insurance services, building risk management systems, and applying actuarial techniques [2] - The forum included eight sub-forums covering various topics such as insurance and economic growth, pension insurance, healthcare insurance, and family risk management, with over thirty scholars presenting their research findings [3] Group 4 - The forum concluded with a summary speech by Suo Lingyan, Vice Dean of the School of Economics at Peking University, expressing gratitude to participating experts and organizations, and reaffirming the forum's role as a platform for government, industry, academia, and research collaboration [3] - Since its establishment in 2003, the China Insurance and Social Security Research Center has focused on bridging academic research and policy practice, actively serving national strategies and promoting continuous innovation and institutional improvement in the insurance and social security sectors [3]

Core Insights - The insurance industry in China has achieved significant milestones during the "14th Five-Year Plan" period, with total claims reaching 9 trillion yuan, a 61.7% increase compared to the "13th Five-Year Plan" period [1] - Agricultural insurance has provided risk protection for 800 million households, while commercial pension and health insurance have accumulated reserves of 11 trillion yuan [1] - The insurance sector has seen improvements in premium income and asset scale, with a diversification of insurance products that permeate various aspects of daily life [1] Industry Developments - The insurance industry has transitioned from a speculative and risky approach to a more compliant and risk-aware culture, driven by ongoing regulatory reforms and governance efforts [2] - Compliance is becoming an integral part of the corporate culture within insurance companies, reflecting a shift towards sustainable practices [2] - Future high-quality development in the insurance sector will require addressing structural and systemic issues that hinder progress, focusing on quality, efficiency, and innovation [2]

Core Insights - The insurance industry is currently at a critical juncture for transformation and high-quality development, facing both strategic opportunities and challenges [2][3] - There is a growing demand for insurance products related to retirement, health, and long-term care, driven by changes in macroeconomic conditions, demographic structures, and technological advancements [1][2] Group 1: Industry Opportunities - The Chinese insurance market is the second largest globally, but there is still a gap in insurance depth and density compared to global averages [2] - The insurance industry is expected to evolve from a focus on risk compensation to a comprehensive management tool for quality of life and wealth management [1][4] Group 2: Consumer Demand Changes - Consumer preferences for risk management have shifted, leading to mismatches between supply and demand in the insurance sector, including issues like personalized needs versus standardized offerings [3][4] - There is a need for insurance companies to adapt to these changes by offering products and services that cover the entire lifecycle of customer needs, particularly in health, retirement, and wealth management [4] Group 3: Strategic Recommendations - The insurance industry should focus on high-quality development, enhancing compliance management, and innovating floating income products to better serve customer needs [4] - Companies are encouraged to adopt a family-centered approach to meet diverse needs in healthcare, retirement planning, and wealth preservation [4]

Core Insights - The insurance industry is experiencing a strategic opportunity period driven by macroeconomic factors, demographic changes, and technological advancements, leading to increased demand for insurance products related to retirement, health, and long-term care [1][2] - The industry is currently at a critical transformation stage, facing challenges such as mismatches between supply and demand, necessitating a shift from risk compensation to comprehensive management tools for quality of life and wealth management [1][3] Industry Transformation - The insurance sector is undergoing a deep transformation aimed at high-quality development, with significant strategic opportunities, although challenges remain [1][2] - The Chinese insurance market is at a turning point, with premium income elasticity peaking around a per capita GDP of approximately $10,000, while China's current per capita GDP is about $13,500, indicating ongoing strategic opportunities [2] Consumer Demand Changes - Consumer preferences for risk management have evolved, but the insurance industry has not adequately adjusted its supply to meet these changing demands, resulting in four major mismatches: personalized needs vs. standardized supply, adequate health coverage vs. low coverage, cross-cycle wealth needs vs. short-term supply, and diverse retirement needs vs. weak collaborative supply [3] - Consumers are now focusing on a holistic experience that includes both products and services, prompting insurance companies to upgrade from a single economic compensation mechanism to a comprehensive risk management system [3] High-Quality Development Path - The insurance industry should commit to a high-quality development path, emphasizing compliance management, liability structure transformation, innovation in floating income products, enhanced customer service capabilities, and the construction of a full lifecycle service ecosystem [4] - Insurance companies are encouraged to focus on family needs, providing products that address healthcare, retirement planning, wealth preservation, and inheritance [4]

Core Insights - The white paper on the risk protection system for Chinese families highlights that the insurance industry in China is at a critical transformation point, transitioning from institutional-driven growth to economy-driven growth, with significant opportunities ahead as the per capita GDP is around $13,500, close to the elasticity peak of $10,000 [2][4]. Industry Overview - As of the end of 2024, China has 239 insurance institutions with total assets of 359,058 billion yuan and net assets of 33,247 billion yuan. The total insurance premium income for 2024 is projected to reach 56,963 billion yuan, with a financial return rate of 3.43% and a comprehensive return rate of 7.21% [4]. - The comprehensive solvency adequacy ratio of insurance companies is 199.4%, and the core solvency adequacy ratio is 139.1%, indicating a solid foundation for sustainable development [4]. Policy Environment - The Chinese government has introduced several policies to support the insurance industry's development, including the strategic goal of building a multi-level social security system, which creates a favorable environment for high-quality development [5]. - The recent "Opinions on Strengthening Supervision and Preventing Risks to Promote High-Quality Development of the Insurance Industry" outlines development goals for 2029 and 2035, serving as a guiding document for the next five to ten years [5]. Changing Family Risk Structure - Families in China are facing challenges such as slowing income growth, increased employment and debt risks, currency asset depreciation, and reduced investment returns, leading to a shift in risk perception [7]. - A survey indicates that modern families are increasingly concerned about health, retirement planning, children's education, wealth security, and inheritance, reflecting a strong demand for certainty and sustainability [8]. Supply-Demand Mismatch - The insurance industry has not adequately adjusted to changing consumer needs, resulting in four key mismatches: 1. Individualized needs versus standardized supply [9]. 2. Insufficient health coverage despite high demand [9]. 3. Short-term supply versus long-term wealth management needs [9]. 4. Diverse retirement needs versus weak collaborative supply [9]. Recommendations for Improvement - The white paper suggests several strategies to enhance the insurance industry's service capabilities: 1. **Precise Risk Identification**: Shift from a product-oriented approach to a family needs-oriented approach, identifying risks based on family lifecycle and wealth levels [12]. 2. **Scientific Risk Assessment**: Utilize a "Family Risk Defense Index Model" to balance adequate coverage with cost, allowing families to anticipate uncertainties [13]. 3. **Efficient Risk Solutions**: Develop a comprehensive product system that addresses the full lifecycle of family risks, including health, retirement, wealth preservation, and inheritance [14]. 4. **Long-term Risk Management**: Integrate resources to create a high-quality service ecosystem that addresses the growing demand for elderly care and health management [16].

Core Insights - The white paper titled "White Paper on the Risk Protection System for Chinese Families under the Background of High-Quality Development of the Insurance Industry" was officially released, providing guidance for the scientific allocation of insurance for Chinese families in the new era [1] - The research highlights the need for the insurance industry to adapt to changing consumer demands and improve service capabilities to meet the new risk management needs of families [7] Industry Overview - As of the end of 2024, there are 239 insurance institutions in China, with total assets of 359,058 billion and net assets of 33,247 billion [2] - The comprehensive solvency adequacy ratio of insurance companies is 199.4%, and the core solvency adequacy ratio is 139.1%, indicating a solid foundation for sustainable development [2] - The insurance industry is currently undergoing comprehensive reforms, supported by favorable policies from the government aimed at enhancing the industry's service to the real economy [2] Consumer Insights - The white paper identifies that modern families' concerns are primarily focused on five areas: healthcare, retirement planning, children's education, wealth security, and wealth inheritance [4] - 75.8% of surveyed families are most worried about health issues, while 68.2% are anxious about retirement planning [4] Supply-Demand Mismatch - The insurance industry exhibits four major mismatches in supply and demand: 1. Mismatch between personalized needs and standardized supply, with 28% of respondents indicating that insurance plans do not meet their needs [5] 2. Mismatch between sufficient health coverage needs and low coverage supply, with the median treatment cost for critical illnesses reaching 300,000, while average claims for critical illness insurance are below 100,000 [5] 3. Mismatch between long-term wealth needs and short-term supply, with 31.8% preferring 1-3 year investment plans [5] 4. Mismatch between diversified retirement needs and weak collaborative supply, with only 25 nursing beds available per 1,000 elderly people [6] Recommendations for Improvement - The white paper suggests a comprehensive approach to building a family risk protection system, emphasizing the need for personalized risk identification and a shift from product-oriented to family demand-oriented services [7] - It proposes the development of a "Family Risk Defense Index Model" to help families balance adequate coverage with cost [8] - The establishment of a comprehensive product system covering various life stages and risks is recommended, including medical insurance, commercial annuities, and wealth transfer solutions [8] - The integration of resources to create a high-quality service ecosystem is essential, focusing on proactive health management and comprehensive retirement services [9]

在良好业绩的支撑下，上半年中国人保（601319）A股股价创近6年来最高价，H股股价创上市13年来最 高价，人保财险H股股价创上市22年来的最高价。 据统计，"十四五"以来的四个完整年度里，中国人保A股、H股和人保财险H股，三只股票累计涨幅均 大幅跑赢同业，跑赢大盘。 8月28日，在中国人保召开2025年中期业绩发布会上，中国人保总裁赵鹏对此做出了回应。 赵鹏表示，股价上涨是多重因素共同作用的结果。首先，我国经济社会的高质量发展，为保险业带来了 历史性发展机遇。我国在科技革命、绿色发展、数字经济、养老保障和服务"新市民"等领域的新空间新 动能，不断催生出丰富的保险新需求，保险业服务中国式现代化建设的质效不断增强，经济减震器、社 会稳定器功能日益凸显。特别是中央金融工作会议和保险业新"国十条"，对我国保险业发展进行了系统 部署，释放了进一步推动我国保险业高质量发展的鲜明信号。资本市场对于保险业未来发展空间的积极 预期，为公司股价上涨提供了坚实基础。 其次，发展环境不断改善，有效促进保险业发展行稳致远。近年来，监管机构引导保险业回归本源，全 面提升保险保障能力和服务水平。车险综合改革、人身险预定利率动态调整机制、 ...

新华网北京9月30日电（唐滨妮）近日，我国保险业发展迎来新的顶层设计。《国务院关于加强监 管防范风险推动保险业高质量发展的若干意见》发布（以下简称《若干意见》）。《若干意见》共10 条，被业内称为保险业新"国十条"，对我国保险业未来5年到10年左右的发展进行系统部署。这是继 2006年、2014年之后，国家层面又一次对保险业发展作出的全面部署，释放了进一步推动我国保险业高 质量发展的鲜明信号。 近日，中信保诚人寿党委书记、总经理常戈接受新华网专访，阐述他对于保险业新"国十条"如何影 响行业发展，行业如何增强竞争能力、深化改革创新、服务中国式现代化建设等方面的理解。 为保险业高质量发展注入强大动力 《若干意见》在总体要求中明确了推动保险业高质量发展的指导思想、主要原则和发展目标，并提 出强监管、防风险、促高质量发展三方面重点任务和工作举措。 《若干意见》提出，到2029年，初步形成覆盖面稳步扩大、保障日益全面、服务持续改善、资产配 置稳健均衡、偿付能力充足、治理和内控健全有效的保险业高质量发展框架。保险监管制度体系更加健 全，监管能力和有效性大幅提高。到2035年，基本形成市场体系完备、产品和服务丰富多样、监管 ...

Core Viewpoint - The "2025 China Insurance Industry Ark Award" aims to recognize insurance institutions that excel in risk management, investment management, and innovation, promoting the value of insurance and its role in economic stability and social development [4][3]. Summary by Sections Award Overview - The Ark Award was initiated in 2016 by the Securities Times and has gained significant recognition in the insurance industry [3]. - The award focuses on high-quality development and service to the real economy, reflecting the industry's efforts to enhance professionalism and contribute to insurance value [7]. Industry Performance - In 2024, the insurance sector reported a total premium income of 5.7 trillion yuan, a year-on-year increase of 5.7% [5]. - Claims and benefit payments reached 2.3 trillion yuan, marking a 19.4% increase [5]. - The number of new policies issued was 1.038 billion, up 37.6% year-on-year [5]. - By the end of 2024, total assets of insurance companies approached 36 trillion yuan [5]. Future Directions - The insurance industry is positioned as an "economic shock absorber and social stabilizer," with a focus on high-quality development in line with China's modernization goals [4]. - The industry is expected to enhance asset-liability management, optimize business structures, and improve service capabilities to demonstrate its value in supporting economic and social development [4][6]. Award Evaluation Process - The evaluation process is divided into four phases: data collection, material screening, expert evaluation and online voting, and the award ceremony [10][11][12][14]. - The awards will be based on hard data indicators and scores from an expert review committee, supplemented by online voting results to ensure fairness and authority [9][13]. Award Categories - The awards are categorized into three main areas: Insurance Companies, Asset Management, and Industry Practices, with a total of 20 specific awards available [16][18][20]. - Each participating company is limited to submitting applications for up to four awards [20]. Participation Details - The application period runs from July 7, 2025, to July 18, 2025, with specific data collection dates from January 1, 2024, to March 31, 2025 [22][23].

Core Viewpoint - The "Action Plan" aims to promote at least 30 insurance innovation projects annually in Shenzhen by 2029, focusing on high-quality development in the insurance sector to better serve social welfare, the real economy, and sustainable growth [1][2]. Group 1: Development Goals - By 2029, the plan sets a target of implementing at least 30 insurance innovation projects each year, establishing a comprehensive insurance system with optimized services and governance [2]. - By 2035, the goal is to create recognizable insurance innovation achievements in Shenzhen, forming a competitive insurance market with a complete system and diverse products [2]. Group 2: Policy Implementation Characteristics - The plan aligns closely with national policies, detailing actionable measures tailored to Shenzhen's context [3]. - It emphasizes tangible outcomes by specifying at least 30 annual innovation projects and has already identified 39 key projects for 2025 [3]. - The plan promotes collaboration between industry and financial regulatory departments to ensure cohesive policy execution [3]. Group 3: Key Focus Areas - The plan outlines four main areas of focus: 1. Enhancing insurance services for public welfare, including improving disaster insurance systems and expanding coverage for specific groups [4]. 2. Improving insurance services for the real economy, such as developing technology insurance and supporting green insurance initiatives [4]. 3. Deepening reforms and opening up the insurance sector, including supporting international expansion and enhancing cooperation with Hong Kong insurance institutions [4]. 4. Strengthening policy coordination to enhance the sustainability of the insurance industry, focusing on digital transformation and financial literacy [5]. Group 4: Overall Impact - The release of the "Action Plan" provides a clear roadmap for the high-quality development of Shenzhen's insurance industry, positioning it to play a more active role in supporting national strategies and social welfare [5].