Core Viewpoint - The insurance industry is undergoing a transformation, shifting from traditional policy offerings to a focus on sustainable development (ESG) as a core company strategy, integrating social responsibility and environmental considerations into all business processes [1][10][26]. Group 1: ESG Strategy and Implementation - In 2024, the company initiated an ESG strategic transformation, embedding sustainable principles into governance, management systems, and organizational culture, making ESG a fundamental part of its growth logic [1][10]. - The company aims to create measurable goals and actionable plans for ESG, ensuring it is integrated into customer service, social contributions, and ecological protection [1][9]. Group 2: Financial Contributions to National Strategy - The company is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, effectively channeling its financial resources to support national strategies and the real economy [3][9]. - By the end of 2024, the company’s investment balance in supporting the real economy exceeded 1 trillion yuan, with approximately 483.3 billion yuan allocated to national strategic investments [3]. Group 3: Inclusive Finance and Social Welfare - The company has invested over 61 million yuan in rural revitalization and launched three exclusive insurance products for rural areas, covering 360,000 people in 2024 [5]. - The company has also enhanced accident insurance premium discounts for impoverished households by 30%, demonstrating its commitment to improving the welfare of underserved communities [5]. Group 4: Aging Population and Pension Solutions - The company is actively addressing aging challenges by developing a comprehensive pension ecosystem, with 40 senior care communities established across 28 cities by mid-2025 [5]. - The "Silver Care Without Worry" project has provided coverage for over 13.66 million people, maintaining a stable premium of 20 yuan for 20 years, setting a benchmark in the industry [5]. Group 5: Technological Innovation in Finance - The company has invested 61.79 billion yuan in strategic emerging industries, including new information technology and renewable energy, supporting innovation and development [6]. - It has provided over 1 trillion yuan in insurance coverage to more than 13,000 technology enterprises, facilitating their growth and innovation [6]. Group 6: Green Finance Commitment - By the end of 2024, the company’s green investment balance reached 29.65 billion yuan, providing over 290 billion yuan in insurance coverage to more than 7,000 green enterprises [8]. - The company has developed a climate risk management system to enhance its ability to respond to environmental challenges [14]. Group 7: Digital Finance and Service Efficiency - The company has accelerated digital transformation, enhancing service efficiency through intelligent customer service systems, serving nearly 25 million customers annually [8]. - The intelligent underwriting approval rate reached 96%, and online claims acceptance rate was 97%, showcasing the effectiveness of its digital initiatives [8]. Group 8: Social Responsibility and Community Engagement - The company has conducted over 4,000 volunteer activities, with participation from 50,000 volunteers, contributing over 130,000 service hours by the end of 2024 [18]. - It has launched various community support initiatives, including programs for sanitation workers and rural revitalization projects, reflecting its commitment to social responsibility [18]. Group 9: Governance and Compliance - The company has established a transparent and efficient governance structure, with a dedicated committee for ESG initiatives, ensuring compliance and risk management [21]. - It has published its 2024 sustainability report, marking the 15th consecutive year of such disclosures, enhancing transparency and accountability [21][22].

Core Insights - Inclusive insurance plays a crucial role in enhancing social welfare, promoting balanced economic development, and improving living standards in Shanghai [1] Group 1: Market Overview - As of the end of Q1 2025, the "Shanghai Insurance Code" has nearly 1.5 million registered users, generating over 200 million yuan in premiums and providing risk coverage exceeding 500 billion yuan [1] - The Shanghai insurance industry has launched various inclusive insurance projects such as "Huibao," "Hujia Bao," and "Huyebao," focusing on enhancing insurance protection for specific groups [1] Group 2: Pension and Health Insurance - By the end of 2024, Shanghai's personal pension account numbers and contributions are expected to rank among the top in the country, with contributions exceeding 15 billion yuan and over 87,600 insurance products purchased [1] - The "Silver Care" project has maintained a stable premium of 20 yuan while expanding coverage from 2 to 13 items, effectively addressing the insurance needs of 13.6 million elderly individuals [2] Group 3: Product Innovations - The "Hujia Bao" family comprehensive insurance has insured 814,300 households, providing risk coverage of 579.037 billion yuan, with a case settlement rate of 96.44% [3] - The "Huyebao" project has provided risk coverage of nearly 10 billion yuan to around 5,000 small and micro enterprises, with plans to develop a digital platform for inclusive insurance [3] - The newly launched "Huqibao" electric bicycle insurance aims to create a comprehensive risk protection system, offering significant coverage for a low premium [4]

Core Viewpoint - Shanghai has launched a series of inclusive insurance projects, creating a new matrix for public welfare finance and positioning itself as a national leader in inclusive insurance [1] Group 1: Development of Inclusive Insurance - The Shanghai insurance industry has actively responded to policy initiatives, leading to significant innovations and practices in the inclusive insurance sector, resulting in a steady development trend [1] - The "Hui Huibao" project, launched five years ago, has provided medical coverage for nearly 27 million people, with a first-day sales record of over 4 million policies for the 2025 version [2] - The 2025 version of "Hui Huibao" includes a new supplementary insurance for specific diseases, with a premium of 50 yuan and coverage of up to 200,000 yuan for 11 high-incidence cancers [2] Group 2: Focus on Elderly Insurance - Shanghai has seen a significant increase in personal pension accounts, with contributions exceeding 15 billion yuan and over 87,600 insurance products purchased [3] - The "Silver Hair Worry-Free" project, designed for the elderly, has expanded its coverage from 2 to 13 items while maintaining a stable premium of 20 yuan since its launch in 2006, covering 13.6 million elderly individuals by 2024 [3] Group 3: Innovations in Property Insurance - The "Hui Jiabao" family comprehensive insurance, launched in 2023, has provided risk coverage for 814,300 households, with a total risk coverage of 579.037 billion yuan [4] - The "Hui Yebao" project, aimed at small and micro enterprises, has provided nearly 10 billion yuan in risk coverage for around 5,000 businesses by the first quarter of 2025 [4] - The "Hui Qibao" electric bicycle insurance, launched in April 2024, offers extensive coverage for various risks associated with electric bicycle usage, including a unique "million third-party" liability coverage [5]

Core Insights - The Shanghai insurance industry is focusing on inclusive insurance as a key component of inclusive finance, aiming to enhance social welfare and economic balance while improving public life security [1][2] Group 1: Inclusive Insurance Development - The "Huhui Bao" program has provided medical coverage for nearly 27 million people, with total claims reaching 2.2 billion yuan, benefiting over 250,000 individuals [1] - The 2025 version of "Huhui Bao" launched on April 22, achieving over 4 million policies sold on the first day, with a participation rate exceeding 20% [1] - New products like "Huhui Bao - Specific Disease Insurance" have been introduced to meet diverse public insurance needs [1] Group 2: Targeted Insurance Products - The Shanghai insurance sector has launched innovative products such as "Huer Bao" for children's outpatient and inpatient coverage, "Hubu Bao" for advanced medical treatments, and "Huli Bao" focusing on nursing services [2] - The "Yinfawuyou" project, designed for the elderly, has maintained a premium of 20 yuan since 2006 while expanding coverage from 2 to 13 items, reaching 13.6 million elderly individuals [2] Group 3: Personal Pension Services - The industry is expanding personal pension services, with over 15 billion yuan in contributions and 8.76 million insurance products purchased, generating over 1.4 billion yuan in premium income [3] - The focus is on creating a holistic "insurance + service + ecosystem" model to enhance the quality of life for citizens [3] Group 4: Property Insurance Innovations - The "Hujia Bao" family comprehensive insurance product was launched in 2023, tailored for urban residents, with a 2.0 version set to enhance services and coverage [3] - The "Huyebao" product, aimed at small and micro enterprises, offers specialized insurance solutions for sectors like education, sports, and culture [4]