Core Point - Corebridge Financial, Inc. has successfully closed the final portions of an agreement with Corporate Solutions Life Reinsurance Company, which includes the reinsurance of all Individual Retirement variable annuities issued by The United States Life Insurance Company in the City of New York [1] Company Summary - The agreement involves a reinsurance transaction with Venerable Holdings, Inc.'s insurance subsidiary, enhancing Corebridge's financial position [1] - The reinsurance covers all Individual Retirement variable annuities, indicating a strategic move to manage risk and optimize capital [1]

Core Viewpoint - The long-term care insurance (LTCI) system in China is transitioning from pilot programs to a comprehensive national framework by the end of 2025, aiming to address the challenges of an aging population and provide essential care services for disabled individuals [1][3]. Group 1: LTCI System Development - The LTCI system, referred to as the "sixth social insurance," aims to provide basic living care and medical services for long-term disabled individuals, covering nearly 300 million people by the end of 2025 [1][3]. - The pilot phase of LTCI has been ongoing since 2016, with significant variations in implementation across different regions, leading to a fragmented system that hinders nationwide promotion [3][4]. - The current funding mechanisms for LTCI primarily rely on medical insurance funds and local government subsidies, raising concerns about sustainability and equity [4][5]. Group 2: Funding and Assessment Standards - The LTCI system faces significant risks due to its reliance on a single funding source, with projections indicating that the disabled population could reach 62 million by 2050, necessitating an estimated 1.7 trillion yuan in annual care expenditures [4][5]. - There is an urgent need for standardized disability assessment criteria to ensure equitable access to services and benefits across regions, as disparities have created "welfare gaps" [5][6]. - The National Healthcare Security Administration plans to implement unified standards for funding, benefits, and payment policies to support the sustainable development of the LTCI system [5][6]. Group 3: Role of Insurance Companies - Insurance companies are positioned as third-party administrators in the LTCI system, managing funds and overseeing service quality rather than directly providing care [7][8]. - The current business model for insurance companies in LTCI is characterized by low profitability, prompting a shift towards value creation through enhanced operational efficiency and innovative service offerings [8][10]. - Leading insurance firms are exploring technology-driven solutions to improve service delivery and reduce operational costs, aligning with national standards for service quality [9][10]. Group 4: Market Opportunities and Challenges - The comprehensive establishment of LTCI is expected to stimulate supply-side upgrades in the care industry, creating new growth opportunities for commercial insurance [11][12]. - The LTCI framework allows for the development of supplementary commercial insurance products targeting gaps in coverage, particularly for moderate disabilities and specialized care needs [12][13]. - Insurance companies are encouraged to leverage their capital and expertise to invest in care facilities, train professionals, and innovate service models, transitioning from mere payers to integral players in the elder care ecosystem [13].

Core Viewpoint - Admiral Group has completed the sale of its U.S. motor insurance business, Elephant Insurance, to J.C. Flowers, effective December 31, 2025, allowing Admiral to focus on opportunities in the UK and Mainland Europe [1][4]. Group 1: Company Overview - Admiral Group plc is a leading FTSE 100 financial services company offering various insurance products and personal lending, established in 1993 in the UK [8]. - J.C. Flowers & Co is a private investment firm focused on the financial services industry, having invested over $18 billion in 72 portfolio companies across 19 countries since its founding in 1998 [9]. Group 2: Business Operations - Elephant Insurance, headquartered in Richmond, Virginia, provides simple and affordable car insurance, enabling customers to find suitable coverage options [2]. - The partnership with J.C. Flowers is expected to enhance Elephant's growth potential in the U.S. market, catering to consumer demands for customization and coverage options [4]. Group 3: Leadership Insights - Costantino Moretti, Head of International Insurance at Admiral, expressed confidence that the sale will allow Elephant to grow and continue delivering quality insurance products [3]. - Alberto Schiavon, CEO of Elephant Insurance, highlighted the importance of maintaining customer focus and culture while benefiting from J.C. Flowers' expertise [5].

清华大学五道口金融学院《清华金融评论》编辑部 征集范围 各保险集团公司、人身险公司、财产险公司、再保险公司、保险资产管理公司、保险中介公司、保险科技公司、保 险交易所、康养机构以及相关科研机构等。 2026年是我国"十五五"规划实施的开局之年，也是保险业深化改革、服务现代化建设的关键之年。党的二十届 四中全会审议通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》，明确提出"高质量 发展取得显著成效"的核心目标，要求金融体系持续增强服务实体经济能力，防范化解重大风险。保险业作为 经济"减震器"和社会"稳定器"，亟需在长短政策协同中找准定位，为经济社会高质量发展提供坚实保障。 为进一步反映中国保险行业的服务能力、风控水平和竞争实力，并推动中国保险业自身实现高质量发展，《清 华金融评论》将以2025年保险业公开披露数据为研究基础，推出《2026中国保险竞争力研究报告》。同时，将 从保险业落实金融"五篇大文章"，以及乡村振兴、履行社会责任、经营模式、产品创新、消费者权益保护等多 个方面进行专题分析论证，现面向保险机构征集创新发展典型案例。 此外，参评机构还可根据机构经营特色申请 "紫荆奖" ，将由《清 ...

Group 1 - Insurance companies, such as CSAA, are increasingly using aerial imagery, including drones, to assess risks associated with home insurance policies [1][2][4] - The use of drones for home inspections is becoming more common, as they can enhance efficiency, accuracy, and safety in the claims process [5] - In California, using drones for insurance inspections is legal, provided it does not violate privacy laws [6] Group 2 - CSAA has faced criticism for allegedly using drones to survey homes, although they claim to use proprietary aerial imagery instead [2][4] - The trend of using aerial technology in insurance is seen as a way to expedite claims and improve overall service [5] - Non-renewal of insurance policies is a business decision by companies, differing from cancellations which can occur due to non-payment or fraud [6]

Group 1 - Aon has extended the employment agreement of its president and CEO, Greg Case, until December 2030, with the new agreement effective from December 31, 2025 [1][2] - Case's base salary will increase to $1.75 million per year, and he will be eligible for an annual bonus with a target value of at least 250% of his base pay [2] - As part of the agreement, Case will receive performance share units valued at $50 million under Aon's 2011 Incentive Plan, recognizing his exceptional performance and commitment [3] Group 2 - Aon launched Aon Claims Copilot, a digital platform that utilizes analytics to support various stages of the claims life cycle, enhancing the company's service offerings [4]

Core Insights - Definity Financial has completed the acquisition of Travelers Companies' personal and most commercial insurance operations in Canada for nearly C$3.3 billion in cash, making it one of Canada's top five property and casualty insurers with combined annual premiums of around C$6 billion [1][2] Group 1: Acquisition Details - The acquisition excludes the surety segment and was initially agreed upon in May [1] - Definity's CEO, Rowan Saunders, emphasized the commitment to delivering a positive experience for customers and broker partners following the acquisition [2] Group 2: Financial Implications for Travelers - Travelers plans to allocate approximately $700 million from the proceeds for share buybacks in 2026, with the remaining funds supporting ongoing business activities and general corporate needs [3] - The company anticipates that these actions will be "slightly" accretive to its earnings per share from 2026 onwards [3] Group 3: Definity's Financial Performance - For the 12 months ending September 30, 2025, Definity reported gross written premiums exceeding $4.7 billion, with equity attributable to common shareholders exceeding $4 billion [4]

来源：险联社 2025年最后一天，保险业的"关门潮"让不少代理人心里发慌。 据不完全统计，这一年下来，全国居然有近3000家保险分支机构关停，比2024年全年的2012家多了快一 半，眼看就要超过2022年3020家的历史高点，成了近五年关店最猛的一年。 其实这波行业"瘦身"早就开始了，不是突然爆发的。 从2020年起，保险公司就开始陆续砍掉不赚钱的网点：2022年迎来第一次高峰，一年关了3020家；2023 年和2024年稍微缓了缓，分别关了2065家和2012家。 算下来，五年时间里，全行业已经少了一万多家网点，平均每天就有5家保险门店贴出"停业通知"，这 速度真是让人咋舌。 人身险成关店"重灾区" 2025年的关店大军里，人身险公司绝对是主力中的主力。 尤其是寿险"老七家"，这几家行业龙头带头"瘦身"，年内合计关了1381家分支机构，几乎占了人身险关 店数的三分之二，力度之大可见一斑。 财产险公司也没闲着，关了789家网点，其中506家是营销服务部，229家是支公司。不过产险公司不是 一味收缩，同期还新开门店190家，明显是在"撤弱留强"，优化布局。 不同保险公司的关店节奏也差得挺多。平安人寿这三年关店 ...

中国人寿公告称，2025年9月25日公司召开临时股东大会，审议通过修订《公司章程》议案，获国家金 融监督管理总局核准。根据修订后的章程，公司法定代表人由董事长变更为总裁。近日，公司完成法定 代表人工商变更登记手续，法定代表人变更为总裁利明光。 ...

Core Viewpoint - Travelers Companies, Inc. has completed the sale of its personal insurance business and the majority of its commercial insurance business in Canada to Definity Financial Corporation for approximately $2.4 billion [1][2]. Group 1: Transaction Details - The sale was initially announced in May 2025 [2]. - Travelers has retained its premier Canadian surety business [3]. - The transaction proceeds will be utilized for share repurchases and to support ongoing operations [3]. Group 2: Financial Impact - Approximately $0.7 billion of the net cash proceeds will be allocated for additional share repurchases in 2026 [3]. - The transaction and resulting share repurchases are expected to be slightly accretive to the company's earnings per share in 2026 and in subsequent years [3]. Group 3: Advisory Roles - Jefferies LLC and Przygoda & Co. LLC served as financial advisors for the transaction [4]. - Skadden, Arps, Slate, Meagher & Flom LLP and Stikeman Elliott LLP acted as legal advisors to Travelers [4].