Core Viewpoint - The reinsurance sector is urged to leverage its roles as an "amplifier," "regulator," and "connector" to enhance the insurance industry's capacity to underwrite risks effectively and responsibly [1][3]. Group 1: Amplifier Role - The reinsurance industry should utilize global reinsurance capacity to promote "daring to insure," thereby improving the overall level of protection. As of January to September 2025, China's insurance premium income reached 5.2 trillion yuan, a year-on-year increase of 8.5%, with a projected annual premium scale exceeding 6 trillion yuan [3][4]. - The global direct insurance and reinsurance markets are valued at over $7.2 trillion and $900 billion, respectively, with underwriting capacities approximately nine times and slightly more than China's [3][4]. - The Shanghai International Reinsurance Registration and Trading Center is expected to create a favorable environment to attract more institutions, facilitating the connection of risks and capital [3]. Group 2: Regulator Role - The reinsurance sector is positioned as a tool for regulating market competition, particularly in addressing irrational competition in the non-auto insurance sector. The comprehensive loss ratio for the property insurance industry was 72.2% from January to September 2025, which is 5.9 percentage points higher than the average over the past decade [4]. - Recent regulatory measures have been implemented to strengthen oversight in the non-auto insurance sector, aiming to promote fair competition [4]. - Reinsurance serves not only as a risk transfer mechanism but also as a pricing benchmark and risk transmission signal, helping to regulate the insurance market [4]. Group 3: Connector Role - The reinsurance industry is tasked with utilizing global reinsurance technology to promote "knowing how to insure," thereby advancing high-level openness. There are existing gaps in risk modeling and loss assessment for traditional risks such as typhoons and earthquakes [5]. - New risks arising from advancements in information technology and artificial intelligence present challenges in pricing and loss assessment, particularly in areas like cybersecurity and low-altitude flying vehicles [5]. - The Shanghai International Reinsurance Registration and Trading Center is encouraged to facilitate technical exchanges in risk modeling and underwriting, enhancing the professional standards of China's insurance industry [5].