以下文章来源于和讯网保险 ，作者牛江 文/牛江 在监管趋严与投资者维权意识觉醒的双重推动下，A股上市公司董事、监事及高级管理人员责任保险 （以下简称"董责险"）市场正在经历爆发式增 长。 近日 发布的《中国上市公司董责险市场报告（2026）》 （ 以下简称"报告" ） 显示，截至2025 年底，A股董责险渗透率突破32%，累计投保公司数量达到1753家。与此同时，董责险理赔案件也 进入高发期，2022年以来全市场已披露的理赔总金额超过8.5亿元。 和讯网保险 . 和讯保险，及时为您提供行业动态、公司新闻、人事变动。 01 渗透率突破32%，董责险成上市公司 " 标配 " 由建纬律所、险律科技与明亚保险经纪联合发布的 报告显示，2025年共有643家A股上市公司发布 公告披露购买董责险计划，较去年同比增加19%。其中，256家公司为首次披露购买董责险计划， 占比达到39.8%。截至2025年底，A股市场 累计 1753家上市公司公告披露购买董责险计划，相比 去年的1509家，同比增长16%。 从渗透率来看，公告投保董责险的上市公司渗透率（累积投保董责险公司数/当年上市公司总数）已 经达到32%，相比2024年同 ...

文/《清华金融评》实习编辑 李茜 近期，证监会发布《上市公司董事会秘书监管规则（征求意见稿）》（以下简称《规则》），进一步明确了董事会秘书的履职边界，标 志着"关键少数"的监管约束再次收紧。随着近年A股"强监管"格局的深化，上市公司履职风险显著增加，风险转移的需求也随之上升。 据上海市建纬律师事务所、险律科技与明亚保险经纪联合发布的《中国上市公司董责险市场报告（2 0 2 6）》（以下简称《报告》）（以 下简称《报告》）显示，2 0 2 5年A股董责险渗透率历史性突破3 2%。未来，随着监管部门执法力度的增强，A股上市公司董责险渗透率将 保持逐年上升的态势。 去年643家A股购董责险，同比增加19% 近两年，董事、监事及高级管理人员责任保险（以下简称"董责险"）实际赔付支出显著攀升，已从"沙盘推演"走向"真金白银"的赔偿阶段。在"强监 管"与"硬赔付"的双重作用下，上市公司风控意识全面觉醒。 《报告》显示，截止2025年12月底，A股整体市场累积1753家上市公司公告披露购买董责险计划，相比去年的1509家同比增长16%。2025年共有643家A股 上市公司发布公告披露购买董责险的计划，较去年同比增加19%。 ...

Core Viewpoint - The demand for Directors and Officers (D&O) insurance among listed companies in China's A-share market is rapidly increasing due to enhanced regulatory scrutiny and the implementation of new securities and company laws, which have heightened the responsibilities and liabilities of corporate governance [2][3][8]. Group 1: Regulatory Impact - The implementation of the new Company Law on July 1, 2024, sets specific standards for the duties of directors and encourages companies to purchase D&O insurance, requiring boards to report on insurance matters to shareholders [3][8]. - The new Securities Law introduces a "Chinese-style" collective litigation system, significantly increasing the litigation risks faced by listed companies and their directors [3][8]. - In 2024, the China Securities Regulatory Commission handled 739 cases of securities and futures violations, with 592 penalties issued, indicating a substantial increase in regulatory actions [3]. Group 2: Market Trends - The number of listed companies purchasing D&O insurance has grown from 184 in 2020 to 419 in 2024, with 258 companies announcing purchases since 2025 [2][3]. - The most common D&O insurance policy limits for A-share companies are RMB 50 million and RMB 100 million, with the lowest limit this year being RMB 8 million and the highest RMB 200 million [5]. - The overall rate for D&O insurance has decreased to between 0.3% and 0.4%, driven by economic slowdown and competitive market conditions [7]. Group 3: Case Studies and Examples - The case of Luckin Coffee, which purchased a D&O insurance policy worth $25 million before its U.S. listing, highlights the importance of such insurance, as it successfully claimed $7 million after a fraud scandal [4]. - Companies like Qibin Group have cited the rising legal risks for independent directors as a reason for purchasing D&O insurance to protect their governance roles and enhance risk management [4]. Group 4: Comparison with International Markets - Despite the growing interest in D&O insurance, the penetration rate in the A-share market remains low at 24%, compared to over 80% in Hong Kong and being a standard practice in Western markets [8].