今年初，中国互联网络信息中心（CNNIC）发布第55次《中国互联网络发展状况统计报告》（以下简 称《报告》）显示，截至2024年12月，我国手机网民规模达11.05亿人、网络支付用户规模达10.29亿 人。 两项数据突破10亿大关，为互联网保险的蓬勃发展提供了肥沃土壤。近日，由元保集团、清华大学五道 口金融学院中国保险与养老金融研究中心联合编撰的《2024年中国互联网保险消费者洞察报告》显示， 2024年，消费者的线上购保险率为78%，几乎与线下的79%持平。按照消费者未来两年的购险计划测 算，线上购保险率有望超过线下。 保费支出为何增加 《报告》显示，2024年，近六成家庭年保费支出超过8000元，较2023年增加了近10个百分点。76%的消 费者计划在未来两年内调整保险配置，继续增加保费预算。 "消费者的保险意识在不断增强，也愿意投入更多的预算来完善家庭保障。保险正在成为很多家庭未来 规划的重要组成部分。"元保集团市场部负责人李虹说。 增加的保费都花在了哪？答案：升级。 2024年，60%的消费者选择在原产品基础上升级保障，38%选择新增购买保险，41%选择更换保险。对 于升级以及更换保险的原因，51%的 ...

Economic Overview - In 2024, China's GDP is projected to exceed 130 trillion yuan, reaching 134.9 trillion yuan, with a year-on-year growth of 5.0% at constant prices [2] - The insurance industry is experiencing a significant recovery, with original insurance premium income expected to be approximately 5.7 trillion yuan, reflecting a year-on-year increase of 5.7% [2] Consumer Insights - A report indicates that nearly 60% of consumers have an annual family insurance premium exceeding 8,000 yuan, and 76% plan to adjust their insurance configurations in the next two years, increasing their premium budgets [2] - Approximately 30% of consumers have increased their investments in savings insurance due to changes in the investment environment, making insurance the second most favored wealth management tool after bank wealth management [2][6] Young Consumers' Behavior - The 95 post-90s generation has become the most concerned about mental health issues, with nearly half expressing worries, significantly higher than other age groups [3] - The online insurance purchase rate among the 95 post-90s generation reached 84% in 2024, surpassing the 85 post-90s generation, indicating a shift in consumer habits [4] Insurance Product Trends - The demand for savings-type insurance is increasing, with 29% of consumers planning to invest more in these products, contrasting with only 2% increasing real estate investments [6] - The insurance industry is evolving from a risk management tool to a combination of "protection + wealth management," becoming a crucial part of asset allocation for consumers [7] Regulatory and Market Dynamics - The "National Ten Articles 3.0" policy emphasizes the need for the insurance industry to meet growing insurance protection and wealth management demands, highlighting the importance of wealth preservation and inheritance planning [7] - The introduction of innovative products like annuities and increasing competition in wealth management are enhancing the attractiveness of insurance as a defensive financial tool [8]

Group 1 - The core idea of the news is the launch of the "Commercial Insurance Calculator" by the Shanghai Medical Insurance Bureau, which aims to help consumers select tailored commercial health insurance products using intelligent technology [1][2] - The "Commercial Insurance Calculator" utilizes a data foundation based on "personal medical expense burden profiles," ensuring consumer privacy and data security while creating multidimensional population profiles [1] - The profiles categorize medical expense burdens into three main categories (high, medium, low) and nine subcategories, dynamically generating a "health insurance matching model" to recommend specific products [1] Group 2 - The "Commercial Insurance Calculator" is now available in the "Suishenban" personal account section, allowing users to receive intelligent insurance recommendations after granting authorization [2] - Currently, 11 insurance products are recommended, including hospitalization medical insurance, comprehensive medical insurance, critical illness insurance, outpatient emergency insurance, and specific disease insurance, covering essential protection needs [2] - The Shanghai government has adopted a "government-led, market-driven" approach to attract more insurance institutions, resulting in over 20 products launched in the personal account section, with more than 50,000 policies issued and premiums exceeding 30 million yuan, of which 93% were paid from personal accounts [2]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][10]. Core Insights - The company is expected to achieve a net profit of 603 million RMB in 2024, representing a year-on-year increase of 105.4% after excluding the impact of consolidating Zhong An International [3][10]. - The profit improvement is attributed to three main factors: stable underwriting profit, significant investment income boost due to market recovery, and the technology segment turning profitable [10]. Financial Summary - **Revenue**: The company reported revenue of 19,314 million RMB in 2024, a 15% increase from 2023 [8]. - **Net Profit**: The net profit for 2024 is projected at 603 million RMB, a substantial recovery from a loss of 13.56 million RMB in 2022 [8][11]. - **Investment Returns**: Total investment income increased to 13.35 billion RMB in 2024, with a total investment return rate of 3.4%, up by 1.5 percentage points year-on-year [10][11]. - **Premium Income**: The company achieved premium income of 334.17 billion RMB in 2024, reflecting a 13.3% year-on-year growth [11]. Business Segments Performance - **Health Ecosystem**: Premium income reached 103.38 billion RMB, growing by 5.4% year-on-year, with significant contributions from critical illness insurance and outpatient insurance [10][11]. - **Digital Life Ecosystem**: This segment saw a 28.9% increase in premium income to 161.97 billion RMB, driven by e-commerce return insurance and travel business [10][11]. - **Consumer Finance Ecosystem**: Premium income decreased by 12.9% to 48.32 billion RMB as the company reduced business scale to manage credit risk [10][11]. - **Automotive Financial Ecosystem**: Premium income grew by 29.8% to 20.51 billion RMB, with new growth expected from compulsory traffic accident insurance [10][11]. Technology and Banking Improvements - The technology segment generated revenue of 9.56 billion RMB, marking a 15.3% increase, and turned profitable with a net profit of 0.78 billion RMB [10][11]. - Zhong An Bank's net income rose by 52.6% to 5.48 billion HKD, with the net loss rate narrowing significantly [10][11]. - The application of AI technology across business scenarios is expected to enhance operational efficiency and open new growth avenues for technology output [10].