China Insurance: Adhering to the original intention of serving the national strategy for 36 years and drawing a picture of the times-Qianlong.com China Capital Network

How to give full play to the long-term stable risk management and guarantee functions of the insurance industry, and to study measures to promote the development of the real economy, is a realistic issue facing the insurance industry at present.

This year marks the 36th anniversary of China Insurance Corporation. As the only state-controlled insurance company in the country with the name “China”, China Insurance always adheres to the original mission of “serving the country, serving the three rural areas, serving the people’s livelihood, and providing insurance protection for the people wholeheartedly” to serve the national strategy and the real economy. Development is its own responsibility. In 2021, it will provide the society with insurance risk protection of 265 trillion yuan and pay 38.5 billion yuan, giving full play to the functions of an economic “shock absorber” and a social “stabilizer”.

Over the years, China Insurance, with a never-slack mental state and an indomitable striving state, serves the country, stands on the people, and leads the industry. Fulfill the professional ability in social responsibility and other fields, strive to build a high-quality development pattern, and contribute to the overall development of the country.

Build a beautiful “China”, serve the country and keep in mind the mission

In early 2022, the China Banking and Insurance Regulatory Commission will hold a “Symposium on Promoting the High-Quality Development of the Insurance Industry”. The meeting emphasized that the entire industry should accelerate the pace of transformation and development, improve the quality and efficiency of serving the real economy, continue to deepen reform and innovation, and promote the high-quality development of the insurance industry to a new level.

In the process of promoting the high-quality development of the insurance industry, China Insurance has gained new experience. Escorting and safeguarding national key projects and livelihood projects has strongly supported the stabilization and recovery of the real economy. At the same time, it has actively leveraged the advantages and characteristics of “serving agriculture, rural areas and farmers”, implemented the spirit of the Central Document No. 1, and solidly served rural revitalization.

Provides protection locks for aerospace development. China Insurance participated in the insurance protection work of the Fengyun-4B satellite and Fengyun-3E satellite of the China Meteorological Administration, providing risk protection of nearly 140 million yuan; underwriting the group launch insurance of 5 satellites of China Satcom Group Corporation , to provide guarantee for national first-class emergency communications; participate in the underwriting of the newly developed and put into production Long March 8 carrier rocket launch project, helping my country to move from a space power to a space power.

Tie safety ropes for major energy projects. China Insurance provided 800 million yuan of risk protection for the construction of CNNC Sanmen Nuclear Power Units 3 and 4, which strongly supported the upgrade of nationalized nuclear power technology; the chief underwriter of the “Middle Section Project of the Third West-East Gas Pipeline” provided risk protection of nearly 2 billion yuan, Assist the construction of a new pattern of “five verticals and five horizontals” of the national natural gas pipeline network.

Build a protective net for transportation projects. China Insurance participates in underwriting subway construction projects in Beijing, Shenzhen, Nanjing, Xuzhou, Chongqing, Hefei, Ningbo, Taiyuan and other places, and participates in underwriting major railway construction projects such as the Sichuan-Tibet Railway, escorting major transportation projects that are related to the economy and people’s livelihood.

Focus on serving rural revitalization and safeguarding national food security. China Insurance is a pioneer of agricultural insurance in my country. It has been deeply involved in the agricultural insurance market for 36 years, and “serving agriculture, rural areas and farmers” has become an advantage and feature. In 2021, China Insurance has provided agricultural risk protection of nearly 400 billion yuan to 18.85 million households, and paid a total of 9.1 billion yuan in compensation. At the same time, China Insurance actively responded to major disasters and fully supported post-disaster disasters such as Xinjiang’s freezing disaster, Hunan’s diseases and insect pests, and “fireworks” typhoon. Resumption of work, the annual agricultural insurance major disaster compensation 1.4 billion yuan. China Insurance has made positive contributions to ensuring stable agricultural production and increasing income. In 2021 alone, it will provide 60.5 billion yuan of risk protection for the 130 million mu of grain fields planted by 12.18 million households of grain farmers, helping to improve the ability of the grain industry to resist risks; promote land quality insurance and expand the three major staple crops seed insurance, to ensure that the stored grain is stored in Land and storage of grain in technology; actively promote the pilot program of full cost insurance and income insurance for the three major grain crops to stabilize the income of grain and agriculture. China Insurance has fully implemented the relevant requirements of the No. 1 Central Document “Stabilize the fundamentals of agriculture, do a good job in “three rural” work, and comprehensively promote rural revitalization”, and formulated the “China Insurance Serving Rural Revitalization Action Plan (2021-2025)”. In 2018, it will further increase the resource input in the field of “agriculture, rural areas and farmers” and improve the contribution of serving the rural revitalization.

China Insurance has embarked on a development path with distinctive characteristics, which fully demonstrates the responsibility, mission and responsibility of the enterprise.

Pioneering and innovating “China”, pioneering spirit bravely stands at the forefront

Only innovators advance, only innovators are strong, and only innovators win. In today’s era, a new round of scientific and technological revolution and industrial transformation is emerging. Innovation is the primary driving force for development and the strategic support for building a modern economic system.

In recent years, the state has issued a number of policies, requiring the expansion and optimization of insurance compensation and incentive policies for the first (set) of major technical equipment, promoting innovation in intellectual property insurance, enriching the varieties of intellectual property insurance, and effectively expanding insurance coverage.

From the perspective of industry experts, the risk pattern of technological innovation is constantly changing, and the level of risk increases accordingly. It is necessary to improve the supply capacity of technology insurance, improve the coverage of technology insurance, and provide comprehensive protection for technology enterprises, thereby better assisting the implementation of innovation policies and promoting The innovation chain, the industrial chain, the capital chain, and the policy chain are connected and integrated to accelerate the construction of a new development pattern.

China Insurance actively supports the national science and technology self-improvement strategy, local major engineering projects and national key enterprise engineering projects, and provides insurance support for the country to implement new development concepts and build a new development pattern: the first set of equipment insurance, for China CRRC and other major equipment manufacturing enterprises Provide nearly 22 billion risk protection; the first batch of new material insurance, providing nearly 6 billion yuan of risk protection for new material manufacturers; the first version of the software insurance, actively cooperate with the economic and information departments of Anhui, Shandong, Sichuan and other provinces to make the first version of the software The promotion of sub-quality safety liability insurance has provided a total of about 300 million yuan of risk protection for many software companies…

China Insurance is not only a witness, but also a pioneer in participating in the whole process. It dares to break through bottlenecks and provide backing, perseverance and long-term achievements.

Showing the great beauty of “China”, “One Belt and One Road” connecting the world

As a national initiative proposed by China and promoted by high-level leaders, “One Belt One Road” has far-reaching significance for my country’s modernization construction and regional development.

In July 2020, under the guidance of the China Banking and Insurance Regulatory Commission, the China “Belt and Road” Reinsurance Community (hereinafter referred to as the “Community”) was established. The community is positioned as a cooperative organization for the insurance industry to serve the “Belt and Road” construction, and its business scope is Chinese-funded enterprises participating in the “Belt and Road” construction and related Chinese overseas interest insurance business.

China Insurance is one of the members of the community. In recent years, China Insurance has actively contributed to the underwriting capacity of Chinese-funded overseas business, vigorously developed overseas business, and provided risk protection of more than 130 billion yuan for my country’s “going out” enterprises, covering 58 countries and regions.

For example, China Insurance is deeply involved in the overseas layout of China Nonferrous Metals Group, underwriting its landmark mining development projects in Zambia, Myanmar, Zambia, Congo (DRC) and other countries and regions. Violence insurance, providing $1.1 billion in risk protection.

Most of the countries along the “Belt and Road” are emerging economies or developing countries, with large regional differences and complex and diverse risks. With the continuous expansion of business scope, China Insurance has gradually improved its technical and underwriting capabilities in serving the “Belt and Road” construction, enhancing the voice and influence of my country’s insurance industry in the field of foreign-related risks.

China Insurance is not only a leader in the industry, but also an important link to escort China’s industry to “go global”.

Drawing a green “China”, the dual-carbon strategy promotes development

On May 13, the China Banking and Insurance Regulatory Commission issued the “Guiding Opinions on Banking and Insurance Industry Supporting Urban Construction and Governance”, encouraging insurance institutions to actively carry out green insurance and explore insurance products and services for gradual pollution and ecological and environmental damage.

China Insurance focuses on the “dual carbon” strategy, actively develops green insurance, provides risk protection of more than 850 billion yuan for green and low-carbon industries, and directly invests 1.27 billion yuan; promotes environmental pollution liability insurance, covering heavy metals, petrochemicals, hazardous chemicals, and hazardous wastes Disposal and other industries, has provided more than 3,300 companies with a total of about 6 billion yuan in environmental pollution risk protection; actively explores and serves onshore wind power, solar photovoltaic power generation, offshore wind power, and nuclear power fields, which play an important role in carbon emission reduction and energy replacement. Effective companies will give priority to their underwriting capabilities to help related companies become bigger and stronger.

Overall, China Insurance has always played its role as a “stabilizer” and “ballast stone” for green economic development, deeply integrating green development into major national strategies, people’s livelihood risk protection, etc., and actively promoting the realization of the “dual carbon” goal. Helping my country’s economy and society to speed up the green transformation, the risk protection of new energy projects underwriting has accumulated to nearly 2 trillion yuan.

China Insurance is the messenger of protecting green homes and the builder of a beautiful China.

Travel fast alone, travel far in groups, flowers bloom all over the road, and the people benefit. China Insurance will adhere to the people-centered service concept, continue to expand service areas, explore the establishment of a multi-level and compound risk protection system, and continue to safeguard the development of national strategies such as rural revitalization, technological innovation, green development, and healthy China and the development of the real economy. convoy. With the “big man of the country” in mind, we look forward to the “China” of tomorrow to march forward, escort the people, lead the enterprise, and make unremitting efforts to help achieve the “two centenary goals” and realize the great rejuvenation of the Chinese nation.