The insurance industry has joined hands to create a new path of high-quality development
  network 2022-09-19 17:49:24
Description:On September 3, during the 2022 China International Trade in Services Conference (hereinafter referred to as the "Services Conference"), as an important event of the financial services Conference, the 2022 China Insurance Industry High-quality D

On September 3, during the 2022 China International Trade in Services Conference (hereinafter referred to as the "Services Conference"), as an important event of the financial services Conference, the 2022 China Insurance Industry High-quality Development Forum was successfully held in Shougang Park. The heads of domestic and foreign insurance institutions and well-known experts and scholars in the insurance field jointly explored a new path for the service economy operation and social governance of the insurance industry, and drew a new blueprint for promoting the high-quality development of the insurance industry.


On September 3, during the 2022 China International Trade in Services Conference (hereinafter referred to as the "Services Conference"), as an important event of the financial services Conference, the 2022 China Insurance Industry High-quality Development Forum was successfully held in Shougang Park. The heads of domestic and foreign insurance institutions and well-known experts and scholars in the insurance field jointly explored a new path for the service economy operation and social governance of the insurance industry, and drew a new blueprint for promoting the high-quality development of the insurance industry.


The theme of this year's China Insurance High-quality Development Forum is "Escorting the Economic market and Promoting the high-quality development of the insurance industry", co-sponsored by Beijing Local Financial Supervision Administration, China Insurance Industry Association and Beijing Shijingshan District People's Government, with China Life Insurance (Group) Company as the strategic cooperation unit.


The insurance industry must accelerate its transformation and implement high-quality development


The opening ceremony of the forum was presided over by Li Wenhong, Director of Beijing Local Financial Supervision Administration. Jin Wei, Standing Committee Member and Vice Mayor of Beijing Municipal Committee, and Xiao Yuanqi, Vice Chairman of China Banking and Insurance Regulatory Commission attended the forum and delivered opening speeches.


Li Wenhong, director of the Beijing Local Financial Supervision Administration, said that Beijing, as the national financial management center, is the earliest development and opening of China's insurance market, the insurance depth and insurance density have long ranked in the forefront of the country, giving full play to the important role of economic "shock absorber" and social "stabilizer".


Jin Wei, a member of the Standing Committee of the Beijing Municipal Committee and vice Mayor, said that insurance, as an important part of finance, is an important industry of modern economy and a basic means of risk management, and an important symbol of the level of social civilization, the degree of economic development and the ability of social governance. It is important for overall planning, development and security, handling the relationship between stable growth and risk prevention, and enhancing the resilience and vitality of the economy. It plays a very important role. Recently, Beijing issued the Financial Industry Development Plan for the 14th Five-Year Plan Period, which will place the strengthening and expanding of the insurance industry in a prominent position in the development of the capital's financial industry, support insurance institutions to continuously improve the quality and efficiency of serving the real economy, urban construction and social livelihood, and promote the high-quality development of the insurance industry to a new level. First, to create a good insurance industry ecology; Second, support the insurance industry to participate deeply in urban governance; Third, accelerate the digital transformation and green development of the insurance industry; Fourth, expand the investment and use of insurance funds in Beijing.


Xiao Yuanqi, vice chairman of the China Banking and Insurance Regulatory Commission, said that based on the new development stage, implement the new development concept, and build a new development pattern, in the new era, the insurance industry must accelerate the transformation and implement high-quality development. First, insurance companies should meet the real needs of customers on the liability side and insist on prudent operation on the asset side. Second, the insurance company should closely focus on the main business, and the non-main business must supplement and enhance the main business; Third, insurance belongs to the industry of slow work and meticulous work, insurance companies should have the spirit of craftsmanship; Fourth, insurance companies should segment the market and take the road of characteristic development; Fifth, insurance companies should create a responsible and respected corporate culture.


Yu Hua, president of the China Insurance Industry Association, said that in the past decade, the insurance industry has made major achievements in high-quality development and achieved remarkable results in serving economic and social development. First, the insurance market runs steadily; Second, the guarantee function has been significantly enhanced; Third, the advantages of insurance capital are increasingly apparent; 4) Deepening reform and opening up; 5) Risk prevention continued to be strengthened. Based on the new development stage, the insurance industry must continue to strengthen the function of risk protection, accelerate the development of catastrophe insurance, agricultural insurance, liability insurance, health and pension insurance, etc., and give play to the role of insurance in the national governance system and social security system. We will deeply implement HP's financial concept and provide insurance protection for "agriculture, rural areas", urban low-income people, the elderly, new citizens, small and micro enterprises, etc. Always focus on major national strategies, provide financing support for new infrastructure, big health, new energy, etc., practice ESG investment philosophy, and promote the green transformation of the real economy. We will continue to strengthen risk prevention in the industry, improve the corporate governance structure, fully implement the requirements of the second generation and the second phase of supervision, and resolutely hold the bottom line of no systemic financial risks.


Li Xianxian, a member of the Standing Committee of the Beijing Shijingshan District Party Committee and vice governor of the district, mentioned that insurance is the natural gene for the development of Shijingshan's financial industry. By 2021, the banking and insurance Industrial Park has achieved a total tax revenue of 4.9 billion yuan and gathered more than 60 financial and insurance institutions. As of 2021, Shijingshan insurance industry revenue increased by 35% year-on-year, and the regional insurance depth reached 17.5%. At the same time, Shijingshan District has created two unique insurance experimental fields, one is the policy of long-term care insurance to help the elderly to support themselves; The second is credit + medical treatment to help the sick have medical treatment. At present, Shijingshan District will build the Beijing Bank Insurance Industrial Park and Shougang Park into the twin centers of finance and insurance in the west of Beijing, and is willing to work together with various insurance institutions to serve the construction of a new development pattern of domestic and international double cycles promoting each other, and join the broad world of high-quality development of the insurance industry.


We will create a new path for high-quality development of the insurance industry


Insurance is an important part of financial system and an important pillar of modern financial industry. In recent years, the insurance industry has shifted from scale expansion to quality improvement and entered a stage of high-quality development. The heads of many large domestic and foreign insurance institutions shared the practical experience of the industry around the theme of "high-quality development of the insurance industry".


CAI Xiliang, vice chairman and president of China Life Insurance (Group) Company, said that ensuring stable economic development and safeguarding people's better lives are the inherent responsibility and mission of insurance, and are also an important strategic fulcrum for promoting high-quality development of insurance. China Life integrates its high-quality development into the areas most needed by the national economy and the people, performs its duties around stabilizing the economic market and promoting social harmony, and has achieved positive results. First, adhere to the "insurance family insurance", give full play to the risk protection function, and escort the smooth operation of the economy; Second, adhere to the original intention of insurance for the people, actively play the social governance function of insurance, and help release the potential of domestic demand; Third, adhere to the natural duty and purpose of financial services to serve the real economy, and strive to exert the advantages of insurance funds to inject financial blood into stable economic development; Fourth, adhere to the customer-centric, pay attention to give full play to comprehensive financial advantages, and provide a package of services for customers' diversified financial needs.


Xiao Jianyou, vice president of the People's Insurance Group Co., LTD., said that PICC, as a large state-owned insurance company, closely focuses on key areas and weak links of the real economy, implements the policy deployment of the Banking and Insurance Regulatory Commission, and actively promotes the service of rural revitalization, smart transportation, health and elderly care, green environmental protection, scientific and technological innovation, social governance and other "six strategic services". In serving the national strategy, the development space has been expanded and the quality and efficiency of development has been improved. Practice has proved that only by placing their own development in the overall situation of economic and social development, and adhering to the political and people's professionalism in the strategic orientation and development direction, can insurance enterprises truly achieve their own high-quality development. From the practice of PICC in recent years, insurance companies can explore and promote in the following five aspects: First, optimize the guarantee mode in the service technology innovation; The second is to enhance the level of security in serving food security; The third is to extend the security field in the service dual carbon strategy; The fourth is to expand the scope of security in the service of stable employment; Fifth, we will increase the intensity of security in serving the people's wellbeing. In addition, whether insurance companies can grasp the development opportunity and truly achieve their own high-quality development, they must accelerate the profound change of development mode. The insurance industry in the new stage should make major breakthroughs in three aspects: first, the breakthrough of risk management technology; Second, the industry marketing model breakthrough; The third is the breakthrough of insurance service ecology.


Wang Wen, chief economist of China Export and Credit Insurance Corporation, said that in recent years, in order to adapt to the changing situation of foreign economic and trade development, export credit insurance is gradually transforming from the traditional job creation, the ultimate risk bearer of supporting economic and enterprise innovation to the creator of trade opportunities, the driving force of overseas market development, and the indispensable policy tool for the country's open economic development. The first is to prevent and resolve the overseas business risks of export enterprises and protect the overseas interests of the country; Second, as a high-level structured financing tool, export credit insurance can effectively reduce the financing cost of overseas enterprises; The third is to stabilize the industrial chain and supply chain, and help the formation of a new pattern of "double cycle"; The fourth is to help small and medium-sized enterprises to expand the foreign trade market space. In the next step, export credit insurance will continue to enhance the depth, precision and breadth of export credit insurance services for the high-quality development of the open economy. First, strengthen comprehensive risk management and control, improve risk early warning and assessment system; The second is to strengthen innovation, enhance the high-quality development of export credit insurance itself, and serve the high-quality development of the country; Third, it is hoped that the government and enterprises can fully understand the important role of export credit insurance in the high-quality development of foreign trade and open economic development, rationally allocate export credit insurance resources, and effectively use this policy tool. At the same time, we should further increase the export guarantee for the private economy and small and micro enterprises, ensure the smooth operation of the foreign trade industrial chain and supply chain, and provide stronger support for the country's open economic development.


Zhuang Ganzhi, executive director and vice president of China Reinsurance (Group) Co., LTD., said that reinsurance is the insurance of insurance, which can transfer and disperse the risks of the insurance industry, and is an important link in the entire financial insurance value chain. It plays an irreplaceable role in the national risk management system. China Re Group shoulders the mission of national reinsurance, adheres to the main business of reinsurance as the core, accelerates high-quality development, serves the major national strategy, spreads the risks of the economy and people's livelihood, and helps the steady development of the industry. First, high-quality development is the main line, and firmly shoulder the mission and responsibility of reinsurance; The second is to create a new situation of high-quality development while serving the overall situation of the country; Third, the construction of strong headquarters is the starting point to take the road of steady and high-quality development.


Fu Fan, executive director and president of China Pacific Insurance (Group) Co., LTD., said that in the new development stage, China Pacific Insurance has always adhered to the political, people's nature and The Times, with the country's great mind, guided by the new development concept, and promoted the quality change, efficiency change and power change through continuous transformation to create a new path of high-quality development. First, we will strengthen the leadership of science and technology to stimulate the driving force for innovative development. The second is to focus on one linkage and play a combination of coordinated development; Third, focus on the "double carbon" goal and ignite a new engine of green development; Fourth, participate in international cooperation and follow the upgrading path of open development; Fifth, we must put the people as the center of development and ensure that development is shared by all.


Liu Tingjun, president and chief operating officer of Taikang Insurance Group, said that the high-quality development of the insurance industry, the basic road in the future, is to deeply focus on the changes in customer demand in a long-lived society, promote product innovation, financing model innovation and service model innovation, focus on the main business, and carry out in-depth extension and development on the main business. After the advent of the longevity era, insurance products and services should be truly innovative around the needs of elderly people's pension services and financing needs.


Si Yongming, CEO of Anku (China) Enterprise Management Co., LTD., said the insurance industry can further promote socio-economic sustainable development in many areas and play a leading role. First, give full play to the role of the insurance industry as a risk absorber, social stabilizer and economic booster to promote high-quality economic and social development; Second, the supply-side reform of the economy requires the introduction of new insurance products, such as health insurance, new energy vehicle insurance and agricultural insurance; Third, actively embrace the new opportunities brought by the green economy; The fourth is to cooperate with multinational insurance companies, learn from international advanced experience, do a good job in risk prevention and control, and promote high-quality economic and social development.


The insurance industry contributes to social governance and escorts the sound operation of economy and society


At present, the world is undergoing profound changes unseen in a century. The COVID-19 pandemic has had a far-reaching impact and destabilizing factors are on the rise globally. For the insurance industry, how to effectively serve social governance, escort economic and social development to improve the pattern, and promote high-quality economic and social development has become a topic of concern. Many large domestic and foreign insurance institutions have expressed their insights on the theme of "Insurance industry helps social governance".


Zhao Peng, secretary of the Party Committee of China Life Insurance Co., LTD., said that in the post-epidemic era, to better play the role of the life insurance industry in serving social governance, it must serve new groups, grasp new models, and enhance new capabilities. First, the new group has risen to the key object of social governance and life insurance management; Second, the new demand is driving the social governance, life insurance business model has undergone fundamental changes; Third, life insurance companies must accelerate the promotion of new capabilities to adapt to new changes.


Jiang Caishi, executive director and vice president of PICC, said that PICC Property and Property Insurance, as a state-owned insurance backbone enterprise, has always been committed to serving the overall situation of economic and social development, and has carried out a lot of active exploration and practice in serving social governance, innovating governance mechanisms and improving governance efficiency in recent years. First, insurance has unique advantages in helping social governance; The second is to create a new logic of insurance, which is to give full play to the unique advantages of insurance and expand the depth and breadth of social governance. Third, the new logic of insurance helps social governance innovation, which requires continuous exploration by the industry and support from all walks of life.


Gao Xinghua, president of China United Insurance Group Co., LTD., president of China United Property Insurance Co., LTD., said that China Property Insurance, as one of the first companies to operate agricultural insurance nationwide, has worked hard in the field of "agriculture, rural areas" insurance for 36 years, played the functions of insurance security and social management, and carried out a series of explorations and practices in serving "agriculture, rural areas". We will actively contribute to strong agriculture, beautiful rural areas and rich farmers. First, ensure strong agriculture and protect the safety of granaries in major countries; Second, protect the beauty of rural areas and help rural construction and governance; Third, we will help farmers become richer and actively promote common prosperity.


Zhou Haitao, vice president of China Life Insurance Co., LTD., said that insurance participation in social governance is reflected in the expansion of responsibility boundaries, cooperating with the government, cooperating with the society and working with the public to realize the leap from "compensating losses" to "managing risks"; Insurance promotes modernization, which is reflected in the same frequency resonance with the overall development, integrating into the overall situation and conforming to the general trend, upholding the political, popular and professional nature of insurance, and seeking progress in escorting high-quality development and stability. One is to be born toward the sun and adhere to the people's position; The second is to move forward by light and work together; The third is to promote the development pattern with "new" escort.


Wu Bo, assistant general manager of China Pacific Property Insurance Co., LTD., director of Beijing-Tianjin-Hebei regional coordinated development, general manager of Beijing branch, said that as a leading property insurance company in China, CPIC has always adhered to the role of state-owned enterprises, actively served the national economy and people's livelihood, and attached great importance to the work of insurance to help social governance. By providing insurance products to meet customer needs, we try to make breakthroughs in environmental governance, natural disaster prevention and social management. In terms of environmental governance, it is mainly to provide support programs for the development of new energy industries. In terms of natural disaster prevention, the risk management mechanism should be designed throughout the whole process of major disasters. In social management, the introduction of embedded governance system global supporting measures.


Wang Ping, regional director of Central City and general manager of Beijing Branch of Taiping Life, said that in recent years, China's life insurance industry has continuously improved its ability to serve the economy and society and ensure people's livelihood, and actively promoted the high-quality transformation of the industry. Many companies, including Taiping Life, have chosen the construction of the medical and health ecosystem as an important track, which can continuously enrich and deepen services from the following aspects, and strive to create new competitive advantages. First, the well-being of the people and economic and social development; Second, the medical and health ecosystem should solve both the supply of services and the source of payment.


"In the past, insurers just dealt with risk, but in the future they want to be able to use technology to broaden their business to reduce, prevent and transfer risk," said Tong Bessen, general manager for non-life insurance in greater China at Munich Re. At the same time, Munich Re has extensive experience in green energy solutions and looks forward to working with its partners to create innovative solutions tailored to China and promote more sustainable development.


We will accelerate the development of the third pillar pension insurance system


Aging population is a common topic facing the whole world, and it is also an important topic facing our economic and social development. With the deepening of the aging degree in our country, the construction of the third pillar endowment insurance system has become a consensus from all walks of life. And the construction of personal pension system has become the main stage of our pension system. A number of professional pension insurance companies and insurance experts and scholars have conducted in-depth discussions on the topic of "construction of the third pillar pension insurance system".


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