Xiao Yuan, Vice Chairman of the Banking Insurance Regulatory Commission: invested large volume and long -term insurance funds to key areas

On September 3rd, at the 2022 China Insurance Industry High -quality Development Forum, Xiao Yuan Enterprise of the China Banking Regulatory Commission said that the insurance industry as an important part of the financial industry, with both risk guarantee and capital as an important part of the financial industry. The functions of integration and social management can play a unique role in steady expectations, hedging risks, promoting consumer investment, and improving economic circulation efficiency. "my country is the second largest insurance market in the world. The industry's total assets are close to 27 trillion yuan. The main indicators remain in a reasonable range. At present, the entire insurance industry has sufficient solvency, stable operation, and completely controllable risks." In the new era, the insurance industry must accelerate transformation and implement high -quality development. He also put forward five views on this. The insurance supply must meet the customer's real needs in terms of investment and operation. "my country's insurance density is 3179 yuan per person, 6%of the North American region and 16%of the EU. The depth of insurance is 3.9%, which is 1/3 of the North American region. In the EU's 1/2, the market development potential is huge. "Xiao Yuan Enterprise said that insurance companies should focus on customer -centric to analyze and understand what kind of insurance products and insurance services the customers need. Insurance supply must be able to reach and meet the true of customers. Requirements, rather than relying on marketing or raising channel fees. Only when the needs of customers are truly met can insurance operations achieve sustainable, and the quality of insurance liabilities can be truly guaranteed. Insurance companies must be cautious and stable in terms of investment and operation, especially the long -term liabilities of life insurance companies, there are many uncertain factors, and the risk preference choice should be relatively lower. Essence Insurance companies must closely focus on the main business of the main business. The essence of the main business and enhance the essence of insurance is mutual aid. Risk guarantee is always the most basic and important function. Essence Insurance companies must focus on the main business of protection, transform from risk management to risk reduction services, and provide customers with a package of guarantee solutions. Any company should not consider themselves universal. The insurance industry is the same as other industries. It is like a mountain across the mountains, and the touch category may not be bypass. Due to the extensive investment scope of insurance funds, it is easy to get involved in unfamiliar areas. An important reason. Some insurance companies believe that diversified expansion can generate a scope economy, and this understanding is also very one -sided. Practice has proved that the scope economy is not completely suitable for the insurance industry. It is very dangerous to deviate from the main business and even anti -customer. Insurance belongs to the industry insurance company with a small work and detailed work must have the special laws of operational insurance. First of all, from the customer's needs, it is learned from customer needs that product research and development, actuarial determination, investment operations, and claims services are all interlocking chains. Any link of any link, any link It takes a long time to do it, and problems will affect the smooth operation of the entire chain. Secondly, insurance is a highly professional industry, and the majors needed in different links are not exactly the same. "The insurance product has a long period of time, spanning different cycles, and more changes in different cycles. There must be fine design and accurate judgments. These characteristics determine that insurance must abandon short -term impulses, quit irritability, and have the spirit of craftsmen. Slowly, slowly Only a little bit and thin can it be stable and far away. "Xiao Yuan said. Insurance companies need to segmented the market for the market to follow the road of characteristic development. The insurance market is large and the demand is diverse. Except for very few companies that can provide comprehensive insurance services, most companies cannot achieve the world. They must subdivide the market. According to their own resources, they must be subdivided. According to their own resources Penalties, select specialized business strategies, and refine in specific customers, specific regions, specific products and specific businesses to enhance their core competitiveness and market influence. Xiao Yuan Enterprise said that the pension insurance market is very large. How to tailor -made old -age products for the pension needs of these people and provide intimate pension services that can meet their real needs is a major issue that must be answered carefully in the current insurance industry. Insurance companies to shape responsible for responsible corporate cultural insurance are trust -based contracts and promise to future uncertainty. Integrity is the basic principles of industry operations and the basis of survival. The insurance industry must focus on shaping responsible and respected corporate culture, unite consensus, stimulate motivation, and nourish practice. Xiao Yuan Enterprise said that responsibility is the prerequisite, responsible for the economy, and put large -volume and long -term insurance funds in key areas to serve the real economy. It is necessary to be responsible for society, give full play to the advantages of industry actuarial technology and service networks, help disaster prevention and mitigation and ensure the construction of the system, and promote social stability. It is necessary to be responsible for consumers, focus on controlling misleading sales, difficulty claims, etc., improve the level of guarantee, and reduce the financial burden brought by accidental diseases and pensions. It is necessary to be responsible for the future and incorporate the environment, society and governance into the entire process of business operations and a comprehensive risk management system. Being a respected financial company that is respected by customers, employees, and social interests, is both respected and a better new starting point.

Picture | Site Cool Hero Bao Map.com Securities Daily Network Photography | Chang School Yu Yang Jie review | Editor Yan Liliang | Sun Qian's final review | Zhang Yiliang

Recommended reading

Implementation of the National Frequency Stable Economic Continuation Policy Capital Market will continue to make efforts from four aspects

CSRC: launched more intensive and deep open measures to promote the high -quality development of the capital market

- END -