Core Insights - A more efficient, standardized, transparent, and regulated reinsurance trading ecosystem is rapidly forming in Shanghai [1] Group 1: Development of the Reinsurance Registration Trading Center - As of September 2025, 26 insurance institutions have gathered at the Reinsurance Registration Trading Center, with 6 foreign institutions establishing trading seats [1] - A total of 128 institutions have been granted trading permissions, including 94 domestic and 34 foreign institutions, covering 14 countries and regions globally [1] - In the first nine months of this year, the trading center recorded reinsurance premiums of 4.511 billion yuan, with ceded business premiums at 96.539 billion yuan and assumed business premiums at 11.271 billion yuan, totaling over 100 billion yuan [1] Group 2: Strategic Importance and Market Potential - The Reinsurance Registration Trading Center is a key component in the construction of the Shanghai International Reinsurance Center, which aims to enhance the reinsurance market in China [2] - China's reinsurance market ranks seventh globally, but its reinsurance penetration rate of 4.6% is below the global average of 12.5%, indicating significant growth potential [2] Group 3: Innovations and Digital Transformation - The trading center aims to address common challenges in reinsurance transactions, such as high operational costs and errors due to manual processes, by establishing a digital and standardized infrastructure [3] - The center facilitates online trading services through a digital platform, allowing domestic and foreign insurance institutions to connect easily and reduce information exchange costs [3] - The center has introduced a trading seat mechanism to support foreign institutions without a physical presence in China, lowering their entry costs [4] Group 4: Cross-Border Transactions and Financial Facilitation - The People's Bank of China provides convenience for cross-border fund settlements for reinsurance transactions conducted through the trading center using free trade accounts [4] - Ongoing research is being conducted to promote policies that facilitate the overseas investment of income from cross-border reinsurance business [4]

现场，登记交易中心的业务模式给记者留下了深刻印象。当境内外保险机构达成合作意向后，后续 流程都能通过登记交易中心搭建的国际再保险业务平台高效完成。这个平台就像一个功能强大的"智能 管家"，能实现标准化的在线合同双签、账单双签、赔付双签，还能进行账务清算和结算便利。 "再保险交易呈现彼此关联的国内国际网状交易结构，全球缺乏公认的标准。因此，公司间再保险 交易凭证、格式不一，面临手工操作易出错、账务清算成本高等普遍性难题，严重影响了交易效率，增 加了运营成本。"常明对记者表示，基于此，交易中心制定发布了相关业务规则，建立了统一的数据规 范、标准的合同和账单体系，数据和单证的标准化交互，成功解决了上述痛点，让机构实现互联互 通。"这就好比大家原本说着不同的'方言'，交流困难，现在有了统一的'普通话'，沟通顺畅多了。"常 明说。 买车要买交强险，买房可配家财险，生病住院有医保托底——这些生活中的"保险"大家都很熟悉， 但你是否知道，保险公司自己也会"买保险"。 这便是再保险业务。 9月8日，记者跟随"活力中国调研行"主题采访团来到了再保险业务的重要金融基础设施——上海国 际再保险登记交易中心（以下简称"登记交易中心" ...

Core Insights - The Shanghai Financial Regulatory Bureau's Deputy Director Wang Xinzhe announced significant progress in the establishment of the Shanghai International Reinsurance Center, highlighting the registration of 99 institutions on the international reinsurance business platform as of the end of April [1] - The platform has facilitated nearly 1.6 billion yuan in cumulative premium transactions and over 4 million registration transactions, amounting to more than 120 billion yuan in premiums [1] - The initiative aims to enhance underwriting capacity by establishing joint risk pools for commercial aircraft and green shipping insurance, supporting key industries in their international expansion and transformation [1] Summary by Categories - **Institution Registration** - As of April, there are 99 registered institutions on the international reinsurance business platform [1] - **Transaction Volume** - Cumulative premium transactions reached nearly 1.6 billion yuan, with over 4 million registration transactions totaling more than 120 billion yuan in premiums [1] - **Capacity Optimization** - The initiative includes the establishment of joint risk pools for commercial aircraft and green shipping insurance, aimed at providing services to support key industries [1]