Core Insights - The China Insurance Industry Association held a meeting to discuss the evaluation interest rates for life insurance reserves in the second quarter of 2025, focusing on macroeconomic conditions, market interest rate trends, and industry development [1] Group 1: Industry Development - The life insurance industry is expected to implement the decisions of the Central Committee and the State Council, emphasizing the need for high-quality development and risk prevention [1] - There will be a deepening of personal marketing system reforms, regulation of universal and participating insurance, and enhancement of asset-liability linkage [1] - The industry aims to continuously promote product transformation and actively develop commercial health insurance to better serve the economy and improve public welfare [1] Group 2: Financial Reporting and Market Sensitivity - New accounting standards are significantly impacting the financial statements of insurance companies, presenting new challenges for industry development [1] - Life insurance companies are encouraged to enhance market sensitivity and judgment, conduct thorough research on economic conditions and industry trends, and focus on cost reduction and efficiency improvement [1] - The industry is advised to adopt a risk-based and prudent management philosophy, accurately identify market positioning, and comprehensively improve operational capabilities and service levels [1] Group 3: Interest Rate Insights - Experts have provided insights on the predetermined interest rates for life insurance products, indicating that the current research value for ordinary life insurance products is 1.99% [1]