Core Viewpoint - The "2025 Shenzhen International Financial Conference" emphasizes the role of the insurance industry in building a strong financial nation and supporting the high-level opening of the Greater Bay Area, highlighting the need for the industry to evolve from traditional risk compensation to comprehensive risk management [2][4]. Group 1: Insurance Industry's Role - The insurance industry is crucial in balancing safety and development, serving the real economy, and strengthening social security [2]. - The industry must align closely with national strategies and integrate deeply into the financial innovation of the Greater Bay Area [4]. Group 2: Financial Policy and Innovation - A preliminary financial policy matrix for the Greater Bay Area has been established, with significant reforms and pilot programs set to enhance cross-border financial services [4][5]. - Innovations in cross-border financial connectivity, such as currency bridge settlement and cross-border vehicle insurance, have made significant progress [5]. Group 3: Supporting the Real Economy - The insurance sector needs to accurately meet the demands of the modern industrial system, particularly in critical areas like high-end chips and industrial software [5]. - Customized insurance solutions are being developed to help technology companies mitigate risks associated with rapid technological changes [5]. Group 4: Green Transformation - The insurance industry is focusing on supporting green projects through long-term capital tools and integrating extreme weather risks into coverage [6]. - Insurance funds in Guangdong have reached 37 trillion yuan, with potential for greater impact in green infrastructure [6]. Group 5: Social Security and Risk Management - The industry must address challenges posed by an aging population and new employment models, leveraging digital tools to reduce operational costs [6]. - A proactive regulatory framework is needed to enhance risk identification capabilities, utilizing technology to build disaster databases and improve risk models [6][7]. Group 6: Strategic Opportunities - The insurance sector is encouraged to seize opportunities presented by the "15th Five-Year Plan," positioning itself as a protector of safe development across various sectors [7].

"风险减量从来不是'一个人的战斗'，而是一场需要全社会同心协力的'持久战'。"平安产险总经理 助理徐华表示，平安产险依托科技优势，不断创新风险减量服务举措，推动保障服务从"事后补偿"转 向"全周期风险管理"，通过运用AI、大数据、大模型、物联网、卫星遥感等前沿科技，目前已构建起覆 盖自然灾害和意外事故的风险闭环管理能力。 围绕安全生产领域的风险减量实践，宁波市应急管理局局长汪志认为，安责险创新是推动风险关口 前移、实现安全发展的必由之路。依托"保险+风险减量服务"模式，截至2025年10月底，宁波市安责险 在保企业达5.1万家，其中一般工贸企业覆盖率为52%，事前服务覆盖3万余家企业，动态消除事故隐患 20万起，已决出险事故同比下降78.48%。 中国农业再保险董事长李有祥提出，风险减量是新时期农业保险高质量发展的重要指标，做好这项 工作需借助"三个力量"，数字化与智能化赋能、社会化与专业化协同、精细化与科学化推进。他表示， 必须构建"直再协同"机制，覆盖"风险识别—评估—预防—补偿"全链条，以科技赋能和生态共建应对农 业现代化进程中的复合型风险。 在全球风险形态日趋复杂、气候变化等挑战日益凸显的背景下，保险 ...

北京商报讯（记者 李秀梅）10月23日，据陕西金融监管局消息，陕西金融监管局指导保险机构构筑古 树名木保护屏障一是专属方案个性保护。推出古树名木保护救治保险、第三方责任保险等专属保险产 品，覆盖因自然灾害、意外事故、病虫害等造成古树名木受损，以及因古树倾倒、折断等意外情况造成 第三方人身伤亡、财产损失、仲裁或诉讼费用等风险保障。二是科技赋能智慧保护。采用智能手段，协 助开展古树名木资源普查、建档，为古树配备智慧监测设备，实时监测古树的土壤湿度、空气质量、生 长状态等关键数据，并通过智慧管理平台实现数据可视化与动态预警，构建"保险+科技+服务"风险减 量管理模式，强化古树生长风险预警监测和全生命周期管理。三是多方联动共同保护。加强与林业、文 旅、科研、环保等部门，以及高校、专家等多方联动，协助古树保护从政府单一主导转向"政企民"多元 共治，以绿色公益形式，组织社会各界共同参与古树守护，充分形成保护合力。 ...

Investment Rating - The report maintains a "Recommended" investment rating for China Pacific Insurance (02328.HK) with a target price of 24.4 HKD [1][7]. Core Insights - The company is expected to see a net profit growth of 40%-60% year-on-year for Q1-Q3 2025, with preliminary estimates indicating a net profit range of 375-428 billion CNY [1][7]. - The growth is attributed to significant increases in underwriting profits and total investment returns [7]. - The report highlights an optimized asset allocation structure that enhances the positive effects of rising equity markets [7]. - The combined ratio (COR) is projected to improve significantly, benefiting from reduced natural disasters and effective cost control measures [7]. Financial Performance Summary - For 2024, the insurance service performance is projected at 14,380 million CNY, with a year-on-year decline of 24.6%. However, a substantial recovery is expected in 2025 with a growth rate of 96.1% [3]. - The net profit for 2024 is estimated at 32,173 million CNY, with a growth of 30.9%, and is expected to reach 46,063 million CNY in 2025, reflecting a growth of 43.2% [3]. - Earnings per share (EPS) are forecasted to be 1.45 CNY in 2024, increasing to 2.07 CNY in 2025 [3]. Market Position and Strategy - The company has a total market capitalization of 4,177 billion HKD and a circulating market value of 1,296 billion HKD [4]. - The asset-liability ratio stands at 65.07%, indicating a solid financial structure [4]. - The report emphasizes the importance of the development of new energy vehicle insurance as a key growth area for underwriting profitability in the long term [7].

Core Viewpoint - The establishment of a health management subsidiary by China People's Health Insurance Co., Ltd. (PICC Health) marks a significant milestone in the insurance industry, reflecting a strategic shift towards integrating health management services with insurance offerings [1][3][8]. Group 1: Regulatory Approval and Company Initiatives - The Financial Regulatory Bureau has approved PICC Health to invest 200 million yuan to establish a wholly-owned health management company, which is the first non-financial subsidiary approved since the bureau's establishment [1][2]. - Since 2021, PICC Health has been planning to set up a health management company, and the approval received on August 20, 2025, is seen as a pivotal moment for the company [3]. Group 2: Industry Trends and Competitor Actions - Other insurance companies have also been actively investing in health management services, with examples including Pacific Insurance's health management companies and Sunshine Insurance's investments in hospitals [4]. - The integration of health management services into insurance offerings has become a consensus in the industry, with regulatory support encouraging insurance companies to provide health management services [5]. Group 3: Importance of Health Management - Health management services are categorized into seven types, including health check-ups and disease prevention, aimed at reducing medical expenses and improving health outcomes [6]. - The implementation of health management services is seen as a crucial strategy for insurance companies to mitigate risks and control costs associated with claims [7]. Group 4: Future Directions and Service Enhancements - PICC Health aims to create a comprehensive health management service system that transitions from traditional insurance reimbursement to a managed healthcare model, enhancing service capabilities [8]. - The company has established a health management team of over 400 personnel and has launched 760 standardized health management products, serving over 100 million people [8].

Core Points - The launch of the first "Claims Service Experience Officer" activity by the company in Hunan aims to enhance the quality of claims services through external supervision and internal improvement [1][3] - The event involved the appointment of five representatives from various sectors as experience officers to provide independent oversight of the company's claims processes [1][3] Group 1 - The experience officers observed the company's annual report on claims services and participated in the 2025 claims skills competition, showcasing the company's innovative risk reduction management system [3] - The risk reduction management system integrates "insurance + risk reduction services + technology" to achieve comprehensive risk management and effectively reduce disaster risk losses [3] - The dual mechanism of "external supervision + internal quality improvement" aims to upgrade claims services to be more standardized, professional, and transparent [3] Group 2 - Experience officers will provide comprehensive oversight on the company's claims processes, service attitudes, and response efficiency, offering feedback and suggestions for improvement [3] - A representative shared positive experiences regarding the efficiency and professionalism of the claims process, particularly in new insurance pilot programs [3] - The initiative is part of the company's efforts to deepen service transformation and enhance communication with customers, contributing to the high-quality development of the insurance industry in Hunan [3]

Core Viewpoint - The 2023 National State-Owned Enterprise Management Think Tank Conference highlighted the modernization of state-owned enterprise management in China, showcasing innovative management practices and recognizing outstanding contributions in the field [1][3]. Group 1: Event Overview - The conference titled "A New Journey in the Modernization of State-Owned Enterprise Management" was held in Beijing on March 25, 2023 [1]. - The event featured the release of management innovation achievements, with over 4,300 submissions from central enterprises, local state-owned enterprises, research institutions, and universities [1]. Group 2: Recognition of Achievements - The Zhejiang branch of China Pacific Insurance Company received the second prize in the 2022 National State-Owned Enterprise Management Innovation Achievement Awards for its project on the "Construction and Application of the Elevator Full Lifecycle Smart Cloud Platform" [1][3]. - The awards aim to identify and summarize innovative management practices from various sectors to support the establishment of a modern state-owned enterprise system with Chinese characteristics [1]. Group 3: Innovation in Elevator Management - The Zhejiang branch has focused on addressing pain points in elevator management through a "risk reduction management" approach, forming a risk prevention team and utilizing IoT technology [3]. - The company developed the first comprehensive insurance model for elevators throughout their lifecycle, known as "Elevator Dingding," which includes pre-inspection and ongoing maintenance quality supervision [3]. - Since the launch of "Elevator Dingding," the elevator failure rate has decreased by 50%, major repairs have accelerated by over 90%, overall costs have reduced by 30%, and the rate of people trapped in elevators has dropped by 90% [3].

Core Viewpoint - The articles emphasize the importance of disaster risk prevention and reduction in supporting high-quality development, highlighting the role of insurance as a key industry in risk management and economic stability [1][9]. Group 1: National Disaster Prevention Day - The 15th National Disaster Prevention Day is set for May 12, 2023, with the theme "Preventing Disaster Risks to Support High-Quality Development" [1]. - The insurance industry is recognized as a crucial component in managing risks and aiding economic recovery [1]. Group 2: Agricultural Insurance and Support - Agricultural insurance is increasingly vital for ensuring national food security and modernizing agriculture, addressing the "three rural issues" [2]. - The "One Spray, Three Prevention" initiative by Zhonghua Insurance in Henan province has allocated over 3.6 million yuan to benefit 36,000 households, covering over 100,000 acres of wheat [3]. Group 3: Technological Integration in Insurance - Zhonghua Insurance has launched the "Cloud Insurance Fish Pond" project in Guangzhou, integrating 5G and IoT technologies for smart aquaculture risk management [4][5]. - The project allows real-time monitoring of water quality and temperature, enhancing the efficiency of fish farming [5]. Group 4: Risk Reduction Management - Zhonghua Insurance's Zhejiang branch has developed a comprehensive insurance model for elevators, significantly reducing failure rates and maintenance costs [7]. - The "Elevator Ding Ding" platform has led to a 50% decrease in elevator failure rates and a 90% increase in repair speed [7]. Group 5: Commitment to Disaster Risk Management - Zhonghua Insurance actively engages in disaster prevention initiatives, providing agricultural policy information and weather alerts to farmers [8]. - The company has implemented a hail warning and prevention project in Beijing, collaborating with the meteorological bureau to mitigate hail risks for farmers [8].

Core Viewpoint - The insurance mechanism is becoming a "key variable" in modern social governance, as highlighted by the 20th National Congress of the Communist Party of China, which emphasizes the need to improve the social governance system [1] Group 1: Role of China Life Insurance - China Life Insurance is leveraging its comprehensive financial advantages to enhance social governance effectiveness in areas such as medical security, elderly care, environmental governance, social management, and disaster prevention [1][2] - The company has integrated insurance mechanisms deeply into the national governance system, demonstrating a commitment to serving national development and protecting people's livelihoods [2][3] Group 2: Financial Performance - In 2024, China Life Property & Casualty Insurance's revenue surpassed 100 billion yuan for the first time, marking a significant milestone in its financial performance [2] - The company ranked 36th among the global top 50 property and casualty insurance companies, reflecting its growing competitiveness and influence in the market [2] Group 3: Case Studies in Shanxi - The implementation of the traffic accident social rescue fund in Shanxi has provided timely assistance to over 23,596 individuals affected by traffic accidents, with a total aid amount exceeding 716 million yuan [4] - The "Green Guardian" insurance developed for forest rangers offers 138 billion yuan in risk protection, showcasing the company's commitment to ecological conservation [5] Group 4: Community Engagement - The "Hundred Districts and Hundred Towns" project has established comprehensive financial service stations across 68 counties and 100 towns, providing essential services to local communities and creating over 1,021 job opportunities [6] - These service stations not only offer financial services but also empower rural governance by connecting local residents with insurance and financial products [6] Group 5: Risk Management Innovations - China Life Insurance has implemented a "risk reduction" model that combines insurance with proactive risk management, having identified over 1.5 million safety production hazards across various enterprises [7] - The company has sent over 10 million disaster warning messages, demonstrating its commitment to risk prevention and management [11] Group 6: National Implications - The practices in Shanxi serve as a model for nationwide implementation, illustrating how financial insurance can effectively participate in social governance [8][11] - The integration of insurance into social governance is seen as a crucial element in building a multi-layered social security system, contributing to China's modernization efforts [12]

Core Insights - The importance of catastrophe insurance in disaster risk reduction and economic stability is emphasized, particularly in the context of increasing natural disasters due to climate change and human activities [1][2] Group 1: Catastrophe Insurance Development - The top-level design of catastrophe insurance in China is continuously improving, with the coverage expanding to include various natural disasters such as typhoons, floods, and landslides [2] - In 2024, China Pacific Insurance developed a catastrophe risk reduction digital platform called "Risk Radar," which integrates disaster loss warning models for comprehensive disaster management [3] - The establishment of a catastrophe insurance community by China Insurance, involving over 40 insurance institutions, aims to provide 22.36 trillion yuan in catastrophe risk protection for 64.39 million households [2] Group 2: Technological Innovations - Insurance companies are leveraging technology to enhance product innovation and improve disaster risk assessment, claims processing, and risk management capabilities through the use of drones, satellite remote sensing, and artificial intelligence [2][3] - China Re has developed catastrophe risk models with independent intellectual property rights covering various disasters, contributing to better risk management [3] Group 3: Policy and Regulatory Framework - The government is encouraging local governments to pilot catastrophe insurance projects, with Hebei and Hubei leading the way in comprehensive catastrophe insurance trials that cover personal, housing, and indoor property [2] - The guidance issued on enhancing financial and meteorological collaboration aims to support the development of catastrophe insurance and improve the prediction capabilities for extreme weather events [3][4] Group 4: Future Directions - The development of catastrophe insurance is crucial for enhancing and innovating China's multi-layered national risk governance and insurance protection system [4] - There is a call for domestic reinsurance companies to increase support for catastrophe risks and explore new risk dispersion methods in the global reinsurance market [4]