According to the eighth five-year plan to the fourteenth five-year plan of China's national economy, the state's support policy for the insurance industry has undergone changes from "vigorously developing the insurance industry" to "perfecting the social insurance system" and then "reforming the social insurance system". By the end of 20 19, China's per capita premium exceeded 3,000 yuan for the first time, increasing to 3,046.07 yuan. In 2020, the insurance depth in China will increase by 4.45%.
According to the outline of the Tenth Five-Year Plan and the long-term plan for 2035, by 2025, the participation rate of basic old-age insurance in China will increase to 95%, and all provinces and cities in China have put forward development plans. This paper will deeply interpret the key contents and development goals of insurance policy at the national and local levels.
-3 1 summary of insurance industry policies of provinces and cities
At present, China's existing and planned projects are distributed in all provinces of the country, and the development level of the eastern coastal areas is leading. According to the outline of the Tenth Five-Year Plan and the outline of the long-term goal in 2035, during the Tenth Five-Year Plan period, China will continue to reform and improve the multi-level social security system, and realize the national overall planning of the basic old-age insurance. We will promote the overall planning of basic medical insurance, unemployment insurance and industrial injury insurance at the provincial level, and improve the medical insurance and assistance system for major diseases. During the "Thirteenth Five-Year Plan" and "Fourteenth Five-Year Plan" periods, all provinces have issued policies to promote the healthy development of the insurance industry, covering the theme of "insurance surname":
-3 1 interpretation of the development goals of insurance industry in provinces and cities
China's "Tenth Five-Year Plan" and the proposal/outline of the long-term goal in 2035 mentioned that it is necessary to deepen the reform of insurance companies and improve the support capacity of commercial insurance. Improve the corporate governance of financial institutions and strengthen the supervision of shareholders' rights and interests and related transactions. Improve the investor protection system and deposit insurance system. We will improve the policy of settlement of points in megacities with a permanent population of more than 5 million in urban areas, streamline the points, ensure that the years of social insurance payment and residence account for the main proportion, and encourage the cancellation of the annual settlement quota. Improve the stable and sustainable financing and treatment adjustment mechanism of basic medical insurance, improve the insurance payment policy, and implement the medical insurance treatment list system.
All parts of the country actively promote the development of the insurance industry. The following are the relevant plans and long-term goals for the development of the insurance industry in the "14 th Five-Year Plan" development proposals/outlines of various provinces and cities across the country:
For more industry-related data, please refer to China Insurance Industry Market Foresight and Investment Planning Analysis Report of Forward-looking Industry Research Institute.