"During the 14th Five-Year Plan period, China's insurance industry will further solidify its position as the second largest market in the world. However, during the upcoming 15th Five-Year Plan period, where are the key areas of development for the i

The recently released Suggestions of the CPC Central Committee for Formulating the 15th Five-Year Plan for National Economic and Social Development (hereinafter referred to as the 15th Five-Year Plan Suggestions) provide a direction.

In the section of “Improving Social Security System” of the 15th Five-Year Plan proposal, it is clearly stated that “the supplementary role of various commercial insurance should be brought into full play”, highlighting the important role of commerci

"Commercial insurance is not just a safeguard tool, but a institutional allocation that promotes high-quality development in an aging society. By improving the multi-level pension and medical system, commercial insurance can form a 'second support be

In addition, according to industry insiders interviewed by First Financial News, the insurance industry is still in an important opportunity period during the "15th Five-Year Plan" period. Overall, deepening the "five major articles" and playing the

Build the second supporting belt of the pension and medical security system

In the 15th Five-Year Plan proposal, the mention of the word 'insurance' is the most frequent in the section on 'Improving the Social Security System'. Industry insiders indicate that this section clearly states the need to 'bring into play the suppl

According to Xu Xian, by improving the multi-level pension and medical system, commercial insurance can form a second support belt between state leadership and market mechanisms to achieve socialized sharing of longevity risks and health risks. By de

In fact, the role of the insurance industry in China's pension and medical security system has risen to an unprecedentedly important position in recent years. According to data from the China Banking and Insurance Regulatory Commission, during the 14

From an institutional perspective, in recent years, most insurance companies have regarded pension and health as their key strategies in the future. Among them, large insurance companies will combine pension insurance with pension communities to form

Looking ahead to the '15th Five-Year Plan' period, Suo Lingyan, deputy director of the Economics School at Peking University, said in an interview with the media that this period may be the fastest five years for the aging population in China since t

Under this background, Ge Yuxiang, the chief analyst of non-bank financial sector at Zhongtai Securities, told the reporter from the First Financial News that insurance institutions have great potential in the third pillar. Lock Lingyan believed that

Regarding commercial health insurance, Ge Yuxiang analyzed that the current pattern of basic medical insurance covering basic needs and commercial health insurance providing precise coverage is gradually taking shape, which opens up a broader space f

At the recent 2025 Forum on the Integration and Development of the Great Health Ecosystem, Xu Xian made predictions about the development of commercial health insurance. If the market grows at a normal rate, health insurance is expected to reach a pr

Meanwhile, the role of commercial health insurance in the diversified payment of innovative drugs will become increasingly important in the future. According to Ge Yuxiang's analysis, the newly established commercial insurance innovative drug directo

"From the perspective of regulatory policies, we are concerned that during the '15th Five-Year Plan' period, insurance institutions can be further guided to release business momentum. For example, in terms of the third pillar, the upper limit of the

Playing the role of insurance as a dual driver is the ultimate goal

During the 15th Five-Year Plan period, the development of the insurance industry is still in an important opportunity period, according to industry insiders. The 15th Five-Year Plan proposal not only directly mentions insurance multiple times in the

"For example, in the 15th Five-Year Plan proposal, it is mentioned to 'lead in developing new productive forces with innovative qualities', and in technological innovation, insurance products and insurance funds are indispensable for safeguarding thi

Lock Lingyan also stated that although China is currently the second largest insurance market in the world, there is still a large amount of potential insurance demand that has not been fully met. For example, only about 10% of losses from major disa

"On the whole, to focus on the 'five major areas' and exert the functions of insurance as an economic 'shock absorber' and social 'stabilizer' are still the starting and ending points for insurance institutions to formulate their strategies for the 1

Specifically, he predicts that the growth rate of property insurance premiums will remain at around 5%, which is basically consistent with the 14th Five-Year Plan period. Non-auto business is expected to grow even faster, driving the proportion of no

In fact, the "Several Opinions on Strengthening Supervision and Preventing Risks and Promoting High-Quality Development of the Insurance Industry" issued by the State Council in September last year has set goals for the development of my country's in

Of course, in the process of achieving the development goals of the insurance industry, there will inevitably be some challenges. Suo Lingyan analyzed that during the "14th Five-Year Plan" period, the effects of strict supervision, promoting reform w

Lock Lingyan proposed that during the 15th five-year plan period, the insurance industry should improve its long-term mechanism for preventing and resolving systemic risks, accelerate the improvement of regulatory infrastructure such as data standard