"十五五"征程谱新篇 中国人保绘就非车险高质量发展新画卷 "中国人保作为金融央企，将坚决落实党的二十届四中全会精神，坚持金融工作的政治性、人 民性，更好履行使命责任，更加深度发挥功能作用，紧紧围绕国家'十五五'规划部署，在做精 做强、全面巩固车险优势的同时，加快推动非车险高质量发展。" 非车险是保险行业发挥 "两器"功能、服务国家发展全局的重点领域。近日，在中国 人保 （ 601319 ） 投资者开放日活动 上，中国 人保集团副董事长、总裁赵鹏在致辞中作出上述讲 话。他强调，人保 将 在服务大局、顺应趋势中加快推动非车险高质量发展，打造集团增长第 二曲线，更加全面深入地服务经济社会发展全局和中国式现代化大局。 从国内到国际，从传统到创新，从规模到质量，在金融强国建设的时代浪潮中，这家与共和国 同龄的保险巨头，正以昂扬之姿谱写服务国家战略的新篇章。 聚焦服务 " 十五五 " ，非车险 具备强劲增长空间 。 商业非车险市场潜力方面， 根据测算， 到 "十五五"末期 ，对外直接投资 净 额将超过 2200亿美元，研发 与试验发展经费 将突破 4.5万亿元，社会物流总额将 超过 450万亿元。 如果说 "十四五"是中 ...

Core Insights - The event held by China Life Insurance and China Property Insurance on November 7, 2025, focused on the strategic framework and outlook for non-auto insurance development, highlighting its growing importance in the insurance sector [1] Group 1: Non-Auto Insurance Growth - Non-auto insurance has become a significant part of the property insurance sector, accounting for 50.1% of total premiums as of 9M25, up from 37.1% at the end of 2019, with a premium income of 0.69 trillion yuan, reflecting a year-on-year growth of 5.4% [1] - The non-auto insurance sector is expected to continue expanding due to various factors, including increased foreign direct investment, growth in personal insurance needs, and rising healthcare demands driven by demographic changes [2] Group 2: Strategic Initiatives - The company is accelerating its overseas business in response to national policies, with foreign direct investment flows reaching 192.2 billion USD in 2024, a year-on-year increase of 8.4% [3] - The company has been focusing on internet-based insurance services, achieving a compound annual growth rate (CAGR) of 46.8% over the past eight years, with a market share of 37% in the health insurance segment [3] Group 3: Future Outlook - The implementation of a unified pricing system for non-auto insurance is expected to optimize the cost of risk (COR) structure, similar to the improvements seen in auto insurance, potentially leading to increased underwriting profit [4] - The company maintains a strong recommendation rating, with expectations of steady profit growth driven by operational efficiency and improved cost management, projecting net profits of 54.1 billion, 57 billion, and 58.9 billion yuan for 2025-2027 [5]