It is foreseeable that insurance will play an important role in areas including risk protection, social governance, economic compensation, supporting agriculture and benefiting farmers, and improving economic quality and efficiency. "Ten Articles of New China" laid a policy foundation for commercial insurance to actively participate in and promote the development of pension, medical care, health and other industries; At the same time, a new concept of "people's livelihood security network" is put forward, which means that the protection function of insurance is not limited to the field of social security, but can also be extended to the scope of people's livelihood security.
develop commercial insurance
improve the social governance system
the government uses market-oriented mechanism in the field of public services by purchasing services from commercial insurance companies, and promotes commercial insurance institutions to carry out various pension and medical insurance services to improve the efficiency of social management. Give full play to the function of liability insurance in resolving contradictions and disputes, focus on the development of liability insurance in areas closely related to public interests, such as environmental pollution, food safety, medical liability, medical accident, practice safety and campus safety, give full play to the function of liability insurance in preventing risks in advance, controlling risks in the process and providing claims after the event, and use economic leverage and diversified liability insurance products to resolve civil liability disputes, improve social governance system and improve social governance capacity.
Developing commercial insurance
Promoting economic upgrading and efficiency upgrading
Insurance funds have the unique advantage of long-term investment. As institutional investors, insurance companies provide strong support for the long-term and stable development of the stock market and bond market. Insurance funds use debt investment plans and equity investment plans to support major infrastructure, shantytown renovation, urbanization and other livelihood projects and major national projects. Provide financial support for the development of science and technology enterprises, small and micro enterprises and strategic emerging industries through various forms such as investing in corporate equity, creditor's rights, funds and asset support plans. Through the establishment of mezzanine funds, merger and acquisition funds, real estate funds and other private equity funds, we will invest and launch asset securitization products to cultivate and improve the capital market.
developing insurance products and services that adapt to scientific and technological innovation and popularizing the insurance risk compensation mechanism of the first domestic equipment can promote enterprise innovation and industrialization of scientific and technological achievements. Develop personal consumption loan guarantee insurance, release residents' consumption potential, and give play to the role of consumption in stimulating the economy. Give play to the radiation effect of insurance on consulting, law, accounting, evaluation, auditing and other industries, develop cultural industry insurance and logistics insurance, explore emerging insurance businesses such as performing arts and exhibition liability insurance, and promote the development of the tertiary industry.
The insurance industry has entered a period of high-quality development
In view of the development goals and direction of the insurance industry, the "Ten Articles of New China" has also been elaborated in detail. It is proposed that "by 22, a modern insurance service industry with comprehensive protection and perfect functions will be basically built, and it will be transformed from a big insurance country to an insurance power. At the same time, the "Ten Articles of New China" also clearly put forward the time point and quantitative indicators for the completion of the target, that is, "by 22, the insurance depth will reach 5% and the insurance density will reach 3,5 yuan/person".
insiders pointed out that in 213, China's insurance premium income was 1.72 trillion yuan, the insurance depth was 3%, and the insurance density was less than 1,3 yuan per person. If this goal is to be achieved, the insurance industry's premium income will reach 4.73 trillion in 22, and the compound annual growth rate of premium will be close to 15.5%, which indicates that the insurance industry's premium growth will enter a high-quality and efficient track in the next six years.
The implementation of policies is favorable
Commercial insurance has great potential for development
After the release of the "Ten Articles of New China", the General Office of the State Council has made relevant regulations on commercial health insurance and endowment insurance, the contents of which are quite detailed, even involving specific types of insurance and specific areas of influence. The contents are easier to understand and more operational and enforceable. From the specific clauses involved in the "Ten Articles of New China", experts in the industry generally believe that there is great room and potential for development in the fields of old-age care, health, public safety, agricultural insurance, catastrophe insurance, tax support, and the use of insurance funds.
In terms of tax support policies, the "Ten Articles of New China" proposes to "carry out pilot projects of personal tax deferred commercial endowment insurance in due course". The next step is expected to expand to health insurance, enterprise purchase of supplementary pension and medical insurance, agricultural insurance, technology research and development insurance and other fields. After starting the business of personal tax deferred commercial endowment insurance, it will stimulate more people to buy commercial endowment insurance; After the improvement and implementation of the relevant income tax policies for enterprise supplementary pension insurance, supplementary medical insurance and annuity insurance, more enterprise employees will enjoy these three types of insurance protection.
developing comprehensive liability insurance for old-age care institutions and supporting insurance institutions to invest in the old-age care service industry are also the key development directions of major life insurance companies in the next step. It will become a new trend to carry out the pilot project of housing reverse mortgage old-age insurance, develop the one-child family security plan, explore a new model for the elderly who have lost their independence, support insurance institutions to invest in the old-age service industry, encourage commercial health insurance products to connect with basic medical insurance, develop commercial long-term care insurance, and provide health management services such as disease prevention, health maintenance and chronic disease management combined with commercial health insurance products. At the same time, insurance institutions will actively participate in the industry consolidation of health service industry, set up medical institutions and participate in the restructuring of public hospitals.
The pilot project of target price insurance for agricultural products is another bright spot in the "Ten Articles of New China" of the insurance industry. The "New China Ten Articles" pointed out that new products and services such as weather index insurance will be explored, and risk management tools will be added to reduce agricultural risks. Moreover, in the future, farmers can choose more "three rural" insurance products, such as rural microfinance insurance, farm house insurance, agricultural machinery insurance, forest insurance and other inclusive insurance businesses.
The "Ten Articles of New China" put forward for the first time to guarantee catastrophe insurance through financial support. In the resolution of the Third Plenary Session of the 18th CPC Central Committee, although the catastrophe insurance system was proposed, it was not defined as commercial or financial. The "Ten Articles of New China" clearly stated that it is necessary to establish a multi-level catastrophe risk dispersion mechanism with financial support, which provides a source of premium for catastrophe risk. It also encourages all localities to explore effective protection modes for typhoons, earthquakes, landslides, mudslides, floods, forest fires and other disasters according to risk characteristics, clearly formulate catastrophe insurance laws and regulations, and establish a catastrophe risk management database.
Further reading: How to buy insurance, which is better, and teach you how to avoid these "pits" of insurance.