AboutInsuranceIt's not the same
National 2026Two
1 new five-year plan
Strong regulation, focus on the industry, and so on
Referring to commercial pension insurance, commercial medical insurance
230 delegates, members
Over 40 recommendations related to insurance
3 involves more than 10 key points word
Old-age insurance, commercial securityInnovative medicines
Agent access threshold, investment, autopilot, etc
“two meetings” in 2026
Over 40 recommendations on insurance
Last week, the national conference concluded in 2026, during which members and delegates from all walks of life made a number of suggestions。
The 13th precinct collates proposals for “insurance”, bills and media interviews。
As can be seen from the above figure, 15 delegates and 15 members made more than 40 specific recommendations related to insurance development, including pension insurance, commercial medical insurance, promotion of agency thresholds, development of smart driving insurance, etc.
Through these elements, one can infer the broad future direction of the industry and the focus of innovation, as described below。
The new five-year plan “specify”
Development of financial law, amendment of insurance law
Strong regulation, focus on the industry remains the focus
Of course, the new five-year plan, which is the most noteworthy of all this year's session, also contains many references to insurance development。
In the area of health insurance, the complementary role of commercial health insurance should be fully realized and commercial insurance should be encouraged to expand the coverage of innovative medicines。
In the area of old-age insurance, efforts are being made to develop commercial old-age insurance, improve individual pension policies and expand the coverage of the enterprise's pension, as shown above。
As for the revision of the insurance law, which is of the greatest concern, the new five-year plan also contains a reference to “accelerating the revision of laws and regulations in areas such as finance”。
In september 2025, at a new press conference, the general financial supervisory authority also stated that it was accelerating the revision of the insurance law, in general by adhering to a combination of issues and objectives。
However, in this year's plan, reference is made only to “the enactment of the financial code, the financial stability act, the revision of the banking act, the banking supervision act”。
Therefore, it is expected that the revision of the insurance law will land after 2026...
It is worth noting that for the first time, a financial law will be enacted to address the problem of cross-industry, cross-market rule inconsistencies and regulatory gaps and conflicts。
In recent days, the general financial supervisory authority has also been studying the conference, at which four development priorities have been mentioned, as shown above。
It was mentioned that the strong regulatory and regulatory stance in the insurance sector will continue and that the general directorate of financial supervision will further regulate the classification of levels。
At the same time, there will be tangible improvements in the capacity for high-quality industry development, as well as an incentive for insurance agencies to focus on their major sectors and their development, as also mentioned in the new five-year plan。
In addition, commercial health insurance and commercial long-term care insurance will be developed。
Participation in the supply of old-age insurance products
Recommended tax incentives for insurance agencies
The product explores the default asset allocation service
Traditionally, the proportion of older persons has been used internationally as a measure of population ageing。
When the proportion of the population aged 60 years and over exceeds 20 per cent, or the proportion of the population aged 65 years and over exceeds 14 per cent, this represents a moderate ageing level。
According to the most recent data released by the department of statistics, by the end of 2025 the population over 65 years of age had reached 224 million, an increase of 3. 42 million, or 15. 9 per cent, compared with the end of the previous year。
At the same time, the proportion of the population aged 60 years and over rose from 22 per cent at the end of 2024 to 23 per cent at the end of 2025。
As the country's ageing age progresses, optimizing the level of old-age services and enriching old-age life is now the focus。
Thus, in recent years, delegates have made a number of proposals for accelerating the development of a multi-level, multi-pillar pension insurance system and the complementary role of various types of commercial insurance。
Sun jie, vice-president of the institute of insurance of the university of foreign economics and trade, recommended granting tax incentives to insurance institutions involved in the provision of old-age insurance products and encouraging them to develop insurance products for older persons。
The vice-chancellor of the university of science and technology of the south, kim lee, suggested combining individual pensions with specific scenarios, allowing for moderate easing of access in exceptional circumstances, such as house purchases and medical treatment。
At the same time, “default asset allocation” services are being explored to help young people who lack investment experience smooth their cycles。
It is worth noting that while playing the role of commercial old-age insurance, in the face of increasing ageing, social insurance is the basis for the reforms and the design of parameters that require actuarial support。
It is therefore particularly important to strengthen the actuarial structure of social insurance and to establish specialized actuarial centres with professional capacity。
In addition, while ageing is increasing, better protection for older persons living alone and incompetent is also the focus of increased insurance product security。
The ministry of civil affairs, in its survey data published in 2022, indicated that over half of the country's elderly population live in air nests and that a large number of older persons do not live with their children or other family members, and face many difficulties or difficulties in living at home。
Sun jie, vice-president of the institute of insurance of the university of foreign economics and trade, recommended that insurance companies be allowed to provide customized services as intended guardians, focusing on the complex needs of the solitary community in terms of medical decision-making, incapacitating care, etc。
Health code and business code
Model clauses for pilot innovative pharmacological risk insurance
In 2025, average life expectancy in china reached 79. 25 years, an increase of 1. 32 years over 2020 and an average annual increase of 0. 26 years。
As life expectancy continues to rise, the need for health care has increased significantly and how to make old age healthier has also been the focus of public attention。
Sun jie, vice-president of the institute of insurance of the university of foreign economics and trade, recommended that efforts be made to develop corporate risk insurance and to reduce health-care expenditure pressure effectively。
In particular, a combination of “medical code” and “commercial code” facilitates “quick-compensation” “direct compensation” to land. Promotion of ahi health management assistants, integration of health files, health service projects, protection schemes, etc., so that workers can see what they can protect。
At present, the level of medical technology is improving, and some innovative medicines are more effective, but they are expensive and sometimes inaccessible to the health insurance catalogue。
For example, millions of anti-cancer drugs, car-t, etc。
On 7 december 2025, the health insurance board officially issued its first edition of the catalogue of innovative medicines for commercial health insurance (2025), which was implemented with effect from 1 january 2026, focusing on high-value medicines of significant clinical value that are not covered by health insurance。
It is therefore all the more important how to cover the demand for innovative medicines through commercial health insurance。
Zhou yanfang, director of the chinese centre for strategic studies, recommended stepping up efforts to promote group health insurance, encouraging regions in a position to do so to pilot model clauses for innovative group insurance, guaranteeing coverage of medical devices and health management services outside the health insurance catalogue, and encouraging the inclusion of more good medicine。
At the same time, the piloting of model insurance clauses provides an opportunity to establish corporate and individual co-financing models that allow individual contributions to be upgraded or incorporated into family members。
In addition, rare diseases represent a breakthrough for the future of business health insurance, and the president of the chinese pharmacy industry, chen baohua, has proposed the establishment of a sustainable multi-level system of payment guarantees for rare diseases and a vigorous development of inclusive business health insurance。
Supporting venture participation in private equity funds
The insurance industry should raise the entry threshold for agents
From 2024 to date, insurance funds have continued to increase investment in capital markets and support measures as a typical medium- and long-term fund。
According to the latest disclosed data of the general financial supervisory authority, by the end of 2025 the funds available to insurance companies were over $38 trillion。
Of this, the balance of directly invested equities has exceeded 3. 7 trillion, an increase of 1. 3 trillion over the same period of the previous year。
How to continue to leverage the advantages of medium- and long-term finance to support capital market development and promote industrial upgrading is also the focus of the next phase。
The former director-general of the beijing office for the inspection of securities, javinqin, recommended supporting the fund for the consolidation and purchase of long-term capital investments, such as venture capital, pensions, etc., and the chairman of the board of directors of the heikken international cultural group, anhing, recommended optimizing the ease of participation in insurance, annuities, etc., in futures, bonds, etc。
In addition, a number of proposals were made by industry experts on sleep insurance policies, reform of agency channels, etc。
The hong kong regional executive director and honorary adviser of the commonwealth of hong kong recommended that insurance companies raise the threshold of access, for example, by using universities as an entry target for newcomers, to ensure that they have sufficient understanding and learning skills。
The deputy secretary-general of the standing committee of the shenzhen city people's congress, ho jie, recommended that a special operation be launched to clean up the financial assets of the owner and conduct a comprehensive mapping of the country's holdings in the areas of banking, insurance and funds。
Advance the development of smart driving insurance products
Promotion of storage insurance for housing, photovoltaic, etc
In the area of property insurance, the rapid development of new energy vehicles, auto-driving technologies and so on, as our automobile industry has made a historic leap forward, has also placed additional demands on the upgrading of vehicle insurance products。
Zhou yanfang, director of the chinese centre for strategic studies, recommended that the development of insurance products in new and emerging areas, such as smart driving, power exchange technology and car and electricity separation, be promoted as soon as possible and that guidance be issued accordingly。
Chairman zhu hua wing, chairman of chang an automobile, suggested accelerating the application of auto-driving vehicles and introducing fit insurance products。
In addition, the rapid development of the energy industry has led to a growing demand for related insurance。
The chairman of the trina light energy board, kojivan, suggested the development of customized packages such as the “pvp+power generation index risk+market price volatility risk”。
Kim jian yao, director of the joint fertilizers and engineering centre, recommended the precise development of an exclusive insurance policy for the suitable storage industry。
With regard to agricultural insurance, yan dixie, a professor at nanjing university, proposed innovative crop design to increase insurance coverage for agricultural infrastructure。
At the same time, a unified service platform, such as the provincial agricultural insurance services one-class platform, has been established to collect and manage insurance policies and compensation claims in the province。
The chairman of the new hope group, liu yongsang, proposed insurance subsidies for some agricultural science and technology exploration projects to make agriculture more stable in the transition。
