Core Viewpoint - Green finance is becoming a key driver for high-quality economic and social development in response to climate change and low-carbon transition, with the insurance industry playing a significant role in promoting the achievement of "dual carbon" goals [1] Policy Support - A series of policy measures have been introduced to guide the insurance industry in developing green finance, including the implementation plan for high-quality development of green finance in the banking and insurance sectors issued in January [2] - In May, the Central Committee and the State Council released opinions on improving the market-oriented allocation system for resource and environmental factors, emphasizing the development of green insurance products and services [2] Local Initiatives - Various local departments have launched green finance work plans tailored to regional characteristics, such as the action plans released by the People's Bank of China in Guangdong to support green low-carbon development [3] Product Innovation - Insurance institutions have increased innovation in green insurance products, expanding coverage and enhancing functionality in response to policy encouragement and market demand [4] - Notable examples include specialized insurance products for renewable energy projects, such as the first property insurance for the energy storage industry in Yunnan [4] Carbon Reduction Insurance - The first carbon loss insurance for distributed photovoltaic projects was launched in Hubei, allowing local communities to monetize carbon reduction achievements while providing compensation for losses due to natural disasters [5] Climate Change Response - The insurance industry is increasingly prioritizing climate change in strategic management, with many companies integrating climate policies into their operational practices [6][7] - The demand for weather index insurance is growing across various sectors, with over a hundred products already available nationwide [7] Financial Support for Green Industries - Insurance funds are highly compatible with the funding needs of green industries, with major insurance institutions increasing support for low-carbon and energy transition sectors [8] - As of March 2025, the scale of green investments by China Life Asset Management exceeded 450 billion yuan [8] Future Development Suggestions - Industry experts recommend enhancing investment in risk assessment technologies, promoting green insurance awareness, and strengthening talent development within insurance institutions [9]

Core Viewpoint - Green finance is becoming a key force in driving high-quality economic and social development in response to climate change and low-carbon transition [1] Policy Support - A series of policies have been introduced to guide the insurance industry in developing green finance, including the implementation plan for high-quality development of green finance in the banking and insurance sectors [1][2] - Local governments are launching tailored green finance plans, such as the initiatives from the People's Bank of China in Guangdong to promote green financial services [2] Product Innovation - Insurance institutions are increasing innovation in green insurance products, expanding coverage areas and enhancing product functionality to meet diverse market demands [3] - Specific products like the "property all-risk insurance (for the energy storage industry)" have been introduced to mitigate risks associated with renewable energy projects [3][4] Climate Change Response - The insurance industry is increasingly prioritizing climate change in strategic management, with many companies integrating climate policies into their operational practices [5][6] - There is a growing demand for weather index insurance across various sectors, with over a hundred products available nationwide [6] Financial Support for Green Industries - Insurance funds are aligning well with the funding needs of green industries, with significant investments being made in low-carbon and energy transition sectors [7] - As of March 2025, the green investment scale of China Life Asset Management exceeded 450 billion yuan [7] Future Development Recommendations - Industry experts suggest enhancing investment in risk assessment technologies and models, utilizing big data and AI for more accurate risk evaluations [8] - There is a call for increased promotion of green insurance knowledge to raise public awareness and acceptance [8]