Core Insights - The core conclusion of the report is that Chinese households are experiencing a shift in risk perception, characterized by a decrease in traditional survival-type risk anxiety and a significant increase in wealth risk awareness [1][2] Group 1: Changes in Risk Awareness - The current economic environment is reshaping household risk awareness due to factors such as economic slowdown, structural adjustments, low interest rates, aging population, and technological advancements [1][2] - While traditional risks like illness, retirement, and accidental injury remain the top concerns, their perceived importance has declined, whereas awareness of wealth security and management risks has notably increased [1][2] Group 2: Impact of Macro Environment - The report identifies six major impacts of macroeconomic changes on household risk: increased income and debt risks due to economic structural adjustments, purchasing power risks from inflation, asset allocation changes from low interest rates, consumption and investment strategy impacts from exchange rate fluctuations, social security pressure from an aging population, and a structural transformation in household asset allocation [2] Group 3: Insurance Product Development - Insurance companies need to adapt their product design and customer service to meet the new risk preferences, such as developing insurance products that cover unemployment risks and offering diversified products that align with the structural transformation of household asset allocation [3] Group 4: Tailored Insurance Solutions - The report emphasizes the need for insurance companies to create a comprehensive product system that includes: a basic risk defense system centered on medical insurance, a retirement risk response system based on commercial annuities, a wealth preservation system focused on participating insurance, and a wealth transfer system centered on leveraged life insurance and trust funds [4] - It also suggests that consumers should adjust their asset allocation in response to changing risks, with specific recommendations based on income levels and life stages [4]