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Huang Hong revealed at the State Council's regular
Published:1/3/2020 3:56:35 PMViews: 170
Huang Hong, vice chairman of the China Banking and Insurance Regulatory Commission, revealed at the regular policy briefing of the State Council held by the State Council on December 2 that the opinions on promoting the development of commercial insurance in the field of social services (hereinafter referred to as the opinions) formulated by the relevant departments under the leadership of the China Banking and Insurance Regulatory Commission had been deliberated and approved by the executive meeting of the State Council on December 30, 2019, and was to be jointly issued by multiple departments in the near future.
Huang Hong said that the insurance industry has made some achievements in participating in the construction of multi-level pension and medical security systems, exploring product innovation in the field of social services, and investing in pension and health industries. However, in general, there are still some problems in commercial insurance, such as insufficient supply of high-quality products and services, imperfect policies and systems, and inadequate implementation of existing policies. These problems lead to the function of commercial insurance is still not fully played and the coverage is narrow. In this context, in order to speed up the development of commercial insurance in the field of social services, improve the level of risk protection in related fields, and increase the long-term capital supply, the CBRC led the study and drafted the opinions.
According to the introduction, the opinions put forward five policy measures to promote the development of commercial insurance in the social field: first, to improve health insurance products and services; second, to actively develop diversified commercial pension insurance and personal account type commercial pension insurance; third, to vigorously develop commercial insurance in the fields of education, childcare, home economics, culture, tourism, sports, and actively develop exclusive insurance The fourth is to support insurance funds to invest in health, pension and other social services; the fifth is to improve the insurance market system.
In terms of health insurance, the opinion puts forward that by 2025, the market scale of health insurance will be more than 2 trillion yuan; in terms of endowment insurance, it aims to accumulate 6 trillion yuan of endowment insurance liability reserve for the insured by 2025.