Practicing Green Finance, the scale of Green Investment in Guoshou Shou Insurance exceeds 400 billion yuan

Guoshou Life Insurance in the first half of 2022

Realizing premium income exceeds 439.9 billion yuan

On the evening of August 25, China Life Insurance Co., Ltd. (hereinafter referred to as "China Life and Life Insurance Company") released the 2022 mid -term performance report (hereinafter referred to as "report").

The report shows that in the first half of 2022, China Life Insurance Company realized a total premium of 439.969 billion yuan, which was basically stable year -on -year. As of June 30, 2022, the company contained 1250.877 billion yuan, an increase of 4.0%from the end of 2021; 2022 2022; 2022 In the first half of the year, the company's new business was worth 25.745 billion yuan. All three indicators have maintained the industry leader, and the company's development is stable. As of June 30, 2022, the company's comprehensive solvency adequacy ratio was 235.56%, and the core solvency adequacy ratio was 169.05%, which continued to maintain a high level.

In the first half of 2022, the international environment became more complicated and severe. The domestic epidemic was more exuded, and the new downward pressure on the economy further increased. The personal insurance industry is affected by factors such as deep adjustment of the industry, the slowdown in consumer demand, and the decline in the scale of sales of sales, and the growth rate of premium income has slowed further. Faced with abnormal and complicated difficulties, the Chinese Life Insurance Company adheres to the general tone of the work of steady progress, adheres to the origin of insurance, continues to deepen the supply -side reform, coordinate the prevention and control of the epidemic and high -quality development. The quality and efficiency of the industry, the quality and efficiency of the operation and services have continued to improve, the comprehensive strength has been steady, and the industry's leading position is more stable.

Pay attention to the growth of value, and the business development shows a lot of toughness

In the first half of 2022, the industry entered a stage of in -depth adjustment. China Life and Life Insurance Company always adhered to value leadership. The business development showed greater toughness. The scale value continued to lead the industry. The total premium income reached 439.969 billion yuan, and the industry's leading position was further increased. Value continues to maintain the market leading. As of June 30, 2022, the company contains 1250.877 billion yuan, an increase of 4.0%over the end of 2021; the new business value of the new business in the first half of 2022 was 25.745 billion yuan. The new single premium was 139.358 billion yuan, an increase of 4.1%year -on -year. The first annual premium premiums were 79.838 billion yuan, of which the first -year premium premium was 30.226 billion yuan, an increase of 4.4%year -on -year. Renewal premiums are 300.61 billion yuan.

In the first half of the year, China Life and Life Insurance Company paid close attention to changes in market demand, maintained strategic determination, promptly adjust the development strategy, focused on the front -line production units, and went all out to build a solid foundation through professional operation, standardized management, market -oriented mechanism, and scientific and technological support. We will unswervingly promote the high -quality development of the business, and the market leading advantages will be further consolidated. As of June 30, 2022, the total sales of China Life Insurance Company was 81 million.

The insurance sector adheres to the stability of the word, steadily seeking progress, the channel transformation continues to deepen, and the overall business development is stable. The report shows that in the first half of 2022, the total premiums of the China Life Insurance Company's individual insurance sector were 352.487 billion yuan, and the renewal premium was 274.016 billion yuan. The first annual premium premium was 68.957 billion yuan, a year -on -year increase of 0.5%. Among them, the first -year premium premiums of the decade and above were 30.212 billion yuan, an increase of 4.7%year -on -year. The proportion of the first -year premium premiums in the ten -year and above premiums increased by 1.76 percentage points year -on -year. The value of the new business of individual insurance sectors was 24.185 billion yuan, and the value rate of the new business of the first annual premium caliber was 30.4%.

Adhering to the development strategy of effective team driving business and adhering to the team development strategy of "stabilizing and solid quantity, stable and effective", the scale of the sales team of Chinese Life Insurance Company has gradually stabilized, and the team's qualitative attitude continues to improve. The report shows that as of June 30, 2022, there were 746,000 people in the insurance sales. Among them, the size of the marketing team was 476,000, the scale of the score team was 270,000, and the proportion of outstanding performances remained stable. The insurance sector actively responds to the multiple challenges brought by the prevention and control of normalization epidemic and changes in the market environment. Focus on the front -line production units, and take multiple measures to stimulate the vitality of the team. Introduce the "Zhongxin Project" special quality and quality project to accelerate the transformation of the team to professionalism and professionalization; comprehensively upgrade the management measures of the sales team, focus on newcomers, supervisors and excellent groups, and strengthen business quality management; science and technology empowerment sales and teams Management has strengthened online training and risk compliance education through digital platforms such as "Guo Shouyi Academy" and intelligent training systems, resumed the vitality of sales teams in an orderly manner, and promoted the high -quality development of the team.

The multi -business sector focuses on professional operations, quality improvement and efficiency, transformation and innovation, and effectively coordinate with individual insurance sectors, and actively expand bank insurance, group insurance and health insurance business.

The transformation and implementation of the bank insurance development model, actively deepen banking cooperation, the scale value has steadily improved, and the sustainable development capacity of channels has gradually increased. The report shows that in the first half of 2022, the total premiums of China Life Insurance Company's Bank Insurance Channel achieved a total premium of 42.609 billion yuan, an increase of 23.7%year -on -year. The first annual premium premiums were 10.864 billion yuan, of which the premium premiums of the first year or above were 3.511 billion yuan. Renewal premiums reached 25.707 billion yuan, an increase of 15.5%year -on -year, accounting for 60.33%of the total channel premiums. The bank insurance channel continues to strengthen the professionalization and technological capabilities of the customer manager team, and the team's qualitative state has steadily improved. As of June 30, 2022, 23,000 customer managers of Yinbao Channels had reached 23,000. The group insurance channels are leading high -quality development, coordinating scale and efficiency, and promoting steadily development of various businesses. The report shows that in the first half of 2022, the total premiums of China Life Insurance Company's group insurance channels were 16.759 billion yuan, an increase of 0.4%year -on -year; short -term insurance premiums reached 15.165 billion yuan, an increase of 2.3%year -on -year. As of June 30, 2022, the group insurance sales staff was 41,000, of which high performance manpower accounted for 6 percentage points at the end of 2021.

In recent years, China Life and Life Insurance Corporation has vigorously developed Internet insurance business, providing customers with a high -quality service experience through online and offline integration and online direct sales. In the first half of 2022, the company's Internet insurance business grew rapidly. The total premium of the CBRC reached 38.872 billion yuan under regulatory caliber, an increase of 121.5%year -on -year, a record high. Focusing on the work goals of "improving and optimizing the integration of business capabilities, actively expanding public domain traffic business, and achieving exclusive business breakthroughs" work goals, China Life Life Insurance Company continues to improve the Internet organization and operation system that centralized operations, unified management, and enrich scenario -based and customized products. supply. In the next stage, the company will actively deploy the exclusive business of Internet people's danger to provide customers with more convenient Internet insurance services.

In the comprehensive financial sector, China Life and Life Insurance Company adheres to the customer -centric, give full play to the advantages of the members of the members of the group company, actively build a "life insurance+" comprehensive financial ecosystem, and create a good situation of the high -quality development of comprehensive financial empowerment companies. The report shows that in the first half of 2022, the company's acting property and insurance company's business realized premiums of 11.058 billion yuan; coordinated pension insurance subsidiaries realized the first year of the company's annuity business and the scale of pension security business was 11.078 billion yuan. Guangfa Bank represented the company's first -year insurance premium income to achieve a stable development. At the same time, the company launched various types of customer business activities from the departure needs of customers to meet the diversified needs of customers, providing customers with a package of high -quality financial insurance service solutions for customers.

Perform social responsibilities and protect the people's good life

The Chinese Life Insurance Company takes the strategic goal of "building a first -class international and responsible life insurance company" as a strategic goal of social responsibility, adhering to the concept of "people -oriented, caring for life, creating value, and serving the society", enhances the environment, society and governance, helping society sustainable development Essence

Give full play to insurance advantages and take the initiative to integrate into the overall situation. China Life Insurance Company has given full play to the main advantage of insurance, serving new development pattern, and helping the high -quality development of the economy and society. As of June 30, 2022, the company had more than 200 diseased insurance projects, covering nearly 350 million urban and rural residents; cumulative landing commercial medical insurance projects in nearly 70 cities in 21 provinces and cities, with an underwriter of more than 18 million; Continue to organize more than 300 health security commissioned management projects, covering more than 100 million people; more than 60 long -term care insurance projects in 17 provinces and cities, covering nearly 26 million people; more than 170 supplementary medical insurance projects in 26 provinces and cities , Cover more than 58 million people; meet the demand for diversified insurance insurance for the elderly, and the group insurance channel underwriting more than 40 million people with people, providing about 2.09 trillion yuan of protection; enrich the insurance services of new citizens, and provide a total of new citizen insurance products 12 payment. To give full play to the unique advantages of the long -term stability of insurance funds, the company adheres to the national strategy and the real economy orientation. As of June 30, 2022, the scale of investment in the real economy reached 3.3 trillion yuan.

Serve dual carbon targets to promote green finance. The Chinese Life Insurance Company will implant the development concept of "ensuring environmental health and friendship, helping to achieve carbon neutralization", actively serve various economic activities with both environmental and social benefits, improve the ESG risk management mechanism, from green sales, sales, sales, and green sales, sales, and green sales, sales, and green sales, sales, and green sales, and from green sales, sales, and from green sales and sales. Green insurance, green investment, green operations, green office and green life, implement the green development strategy. The company continues to practice ESG investment concepts, deeply digging investment opportunities in the fields of energy conservation and environmental protection, infrastructure green upgrades, and green services. As of June 30, 2022, the scale of green investment stocks exceeds 400 billion yuan; Expansion efforts, continuously expand the scope of insurance insurance, and enrich the responsibility of insurance security; continue to promote green operations of full links, notify the service without paper, an increase of 24.5 percentage points year -on -year. Realize the full coverage of paperless insurance and keep the industry leading.

Practice public welfare charity and practice responsibility. China Life Insurance Company is actively engaged in public welfare charities, donating insurance protection, paying attention to the growth of young people, and showing responsibility and responsibility with practical actions. In the first half of 2022, the company donated the total insurance guarantee of about 277 billion yuan to the medical staff and staff of the new crown pneumonia. Essence Continue to carry out the "Life Green" health assistance project to provide medical assistance for minors for low -income families or families with difficulties in illness. As of June 30, 2022, the company provided nearly 300,000 children with approximately 4 billion yuan Insurance security; vigorously support the aesthetic education of rural children, continue to carry out the "art to return to the mountain" public welfare project, and benefit more than ten provinces and dozens of rural primary schools. Consolidate the results of poverty alleviation and effectively connect rural revitalization. In the first half of 2022, the Chinese Life Insurance Company strengthened its responsibilities, coordinated the assistance forces in all aspects, comprehensively upgraded the "poverty alleviation insurance" project, innovated the help method, broaden the field of assistance Cadres fully undertake 1138 assistance points. The company actively implements the policies of people with major illness insurance difficulties. In the first half of the year, more than 750,000 people pay more than 700 million yuan; further enriching the exclusive products of rural revitalization, and improved product service coverage. Related products have been promoted in 28 provinces, autonomous regions and cities, Land. In the first half of 2022, the company invested 6.37 million yuan in assistance funds, and rural revitalization related insurance business covered more than 21 million rural population. The cumulative investment scale of rural revitalization was nearly 80 billion yuan.

China Life Insurance Company actively participates in the construction of healthy China, actively responds to national strategies such as population aging, adheres to the "customer -centric" product development concept, strives to improve product innovation capabilities, and continues to enrich the multi -product supply system. In the first half of 2022, the company developed 42 new and upgraded products, including 2 life insurance, 10 health insurance, 29 accident insurance, and 1 annuity insurance. A total of 39 guarantees were guaranteed. There were 3 long -term savings products.

China Life Insurance Corporation also actively integrates online, offline, internal and external medical and health resources to enhance health management service capabilities. The National Life Big Health Platform service project continues to be enriched, and the system functions are continuously upgraded. As of June 30, 2022, the number of service projects for the National Life Great Health Platform was over 100, and the cumulative registered users increased by more than 13%compared with the end of 2021, ranking among the forefront of the industry. The company implements the national strategy of actively responding to the aging of the population, continues to build a national life pension system, gives full play to the advantages of the long -term insurance fund's long cycle, and actively deploy multi -level pension services such as pension and community pension through the National Life Pension Fund. In the first half of 2022, the National Life Pension Fund accelerated the integration of recreational resources, and continued to promote the layout of pension health projects in strategic areas such as the Beijing -Tianjin -Hebei, the Yangtze River Economic Belt, and the Guangdong -Hong Kong -Macao Greater Bay Area.

Maintain strategic determination, take multiple measures to stabilize investment income

In the first half of 2022, the domestic bond yield was at a historical low, the interest rate center decreased significantly compared with 2021, and the pressure on the allocation of solidarity assets was significantly increased. Affected by factors such as Russia and Ukraine's conflict, the pace of tightening the tightening of the Fed's monetary policy, and the repeated domestic epidemic situation, the A -share market fell sharply and sharply. In the future, with the ease of the epidemic and the stable growth policy, the decline has converged. The fierce changes in the market have brought greater challenges to investment management. China Life and Life Insurance Company always maintains strategic determination, adheres to the major strategy of serving the country and supports the real economy, strengthens the linkage of asset -liability, firmly implements the planning of medium and long -term strategic asset allocation, and seizes the configuration opportunities. Multi -measures and stabilized investment income.

The first is to continuously optimize the core basic allocation, adjust the rhythm and variety strategies of traditional solid -income asset allocation according to the fluctuation of interest rate fluctuations and asset supply, and strive to stabilize the level of interest rates and assets.

The second is to grasp the long -term allocation opportunities in the process of equity market adjustment, carry out the investment layout steadily, and promote the equity position to move closer to the central and long -term configuration center.

The third is to increase the innovation of alternative investment models, build and improve the alternative investment portfolio based on non -standard debt products, and based on equity investment plans and equity investment funds, etc., to stabilize the long -term return of investment portfolio.

As of June 30, 2022, the total assets of China Life Insurance Company exceeded 5 trillion yuan, reaching 5173.524 billion yuan, an increase of 5.8%over the end of 2021. Investment assets reached 4977.712 billion yuan, an increase of 5.5%over the end of 2021. The ratio of bond configuration in the main varieties has changed from 48.20%at the end of 2021 to 47.00%, and the periodic deposit configuration ratio has changed from 11.23%at the end of 2021 to 10.26%, and the ratio of the configuration ratio of debt -type financial products has changed from 9.41%at the end of 2021 to 8.89%. Stocks stock The ratio of Fund (excluding currency market funds) has increased from 8.75%at the end of 2021 to 11.17%.

The report shows that in the first half of 2022, China Life Insurance Company achieved net investment income of 97.09 billion yuan, an increase of 7.245 billion yuan from the same period in 2021, an increase of 8.1%year -on -year; net investment yield was 4.15%. Affected by the fluctuation of the equity market and the income of the price difference between the types of equity, the total investment income was 98.542 billion yuan in the first half of the year, and the total investment yield was 4.21%. After considering the current income of other comprehensive income, the net investment yield is 3.75%. In the first half of the year, the company's net profit attributable to shareholders of the parent company was 25.416 billion yuan. Empowering scene application, digital transformation help value creation

In the first half of 2022, China Life and Life Insurance Company continued to further promote digital transformation, accelerate scientific and technological innovation, fully apply digital technology to empower the value creation, deepen the integration of scientific and technological business, and drive the company's high -quality development with digital drive.

Technological innovation will make another journey. Building the foundation of the digital transformation and development of the company with a new and autonomous distributed open cloud architecture, the storage space utilization rate has been increased by 3 times, and cost reduction and efficiency and green low -carbon results are significant. Information technology application innovation has leading the industry for two consecutive years, and continues to lead insurance technology innovation and development.

Intelligent application deepen expansion. Using AI technology to build "digital employees", human -machine cooperation has made breakthroughs, creating various intelligent robots such as "smart consultants", "intelligent underwriting" and "smart customer service", and self -service response services exceeding 200,000 times a day. Continuously expanding big data services, big data empowerment scenarios increased by nearly 94%compared with the same period of 2021, and continuously enriched intelligent application scenarios with insurance characteristics.

Digital connection extension. Relying on the digital platform, driven by a variety of scenarios, further enhance corporate synergy, efficient internal cooperation, create an open and shared Internet social ecosystem, a total of 3,498 open services, 1092 access to various ecological applications, wide services, and wide services. Extend to online and offline, inside and outside the enterprise, to provide customers with comprehensive insurance digital services.

Optimize the customer experience, landing intelligent collection and sharing operation mode

In the first half of 2022, China Life and Life Insurance Co., Ltd. centered on customers, anchoring the operating service goals of "efficiency pilot, technology -driven, rising value, and first -class experience", innovating and promoting the nationwide integrated intelligent collection sharing operation model, accelerating services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services and services. Sales fusion and dedicated to providing customers with high -quality services of "simple, quality, warmth".

Green development, online services have increased significantly. The online platform expands the capacity, and the number of registered users of life insurance APP increases by 20.2%and 7.2%year -on -year, respectively. Paper -free services re -expanded, electronic notifications increased by 7.2%year -on -year, and the paperless insurance insured rate of personal long insurance business reached 99.9%. The replacement rate of the new single return visits of electronicization was increased to 97.5%. The service rate of preservation online increased by 6.1 percentage points year -on -year. The number of air customer service services increased by 167.3%year -on -year.

The model innovation, the operating efficiency has been significantly improved. Promoting the landing of intelligent collection and sharing operation models, new breakthroughs have been made in digital applications, and personal preservation operation processing time is increased by 20%compared to sharing. The pass rate of intelligence and claim intelligence continues to maintain a high level. Intelligent upgrades in the underwriting process, the new single -time period of personal long insurance is shortened by 5.3%year -on -year. Intelligent review rates increased to 94.2%.

Keep up and create a "fast and warm" claims brand. Demonstrate responsibility, the claims are faster. Connect the national medical insurance catalog, realize the dynamic adjustment of detail data, the average time limit for claims is 0.46 days, and the odds of 99.5%are 99.5%. Various types of people's compensation payments are very popular. The "claims direct payment" service 2.28 million person -times, and the amount of compensation for the "critical illness" compensation is 3.58 billion yuan, providing "on -site compensation" services for more than 60,000 customers with difficulties.

Optimize experience and provide diverse ecological services. Pay attention to differentiated customer needs and expand the supply of diversified services. Continue to focus on the theme of "healthy sports, parent -child education, enjoy life", promote many value -added services such as "700 hiking", "National Life Painter" and "Customer Festival", and serve customers by 5.8%year -on -year. Caring for elderly customers, provide priority access services for 95519 telephone. The exclusive service of Life Insurance APP respects the elderly model is very popular with nearly 13 million people.

Comprehensive risk rating for 16 consecutive quarters to maintain Class A

The China Life Insurance Company strictly follows the regulations of the listing of the listing and industry supervision, and continues to strengthen internal control and risk management. The company has established a normalized management system for risk preferences to organically combine risk preferences with each line of operation and management, and the risk management capabilities have been significantly improved. In the first quarter of 2022, the CBRC first enabled the second -generation second -generation second -generation new indicator system to carry out a comprehensive rating of insurance industry risk. The company has actively implemented the new regulations and actively implemented it. It has maintained Class A rating for 16 consecutive quarters.

Pay great importance to the protection of consumer rights and interests. China Life Insurance Company comprehensively integrates consumer rights protection work into all aspects of corporate governance and operation and management, and continues to promote the effective operation of consumer rights protection of the closed -loop management mechanism. The risk management and control system, strengthen the concept of sales services for integrity and compliance, and continuously improve the sense of gain, happiness, and security of insurance consumers.

According to the analysis of the China Life Insurance Company, although the current international environment is complicated and severe, the domestic epidemic is more exuded, and the downward pressure on the economy has increased. The continuous advancement of China's strategy and actively cope with the implementation of the national strategy of the population will bring new development opportunities to the personal insurance industry. With the advancement of common prosperity, the scale of middle -income groups will continue to expand, and the effective demand for personal insurance markets will be further enhanced. The main market entities have accelerated the transformation and transformation. Insurance technology has accelerated its energy -capacity in sales, operations, risk control and other links, and its vitality in the industry is strong. The CBRC issued a series of measures to improve the health insurance supervision system, standardize the development of the third pillar pension insurance, improve the financial service real economy capabilities, and deepen the structural reform of the financial supply side, which provides a favorable environment for the high -quality development of the insurance industry. As the industry "head geese", China Life Life Insurance Company said that in the second half of 2022, the company will adhere to the general tone of the work of steady progress, adhere to the origin of insurance, continue to deepen supply -side reform, better play the role of insurance security, strive to achieve business stability Development, unswervingly deepen change and transformation, comprehensively strengthen the protection of consumer rights and interests, improve value creation capabilities, digital operation capabilities, product service innovation capabilities, risk prevention and control capabilities, and continue to promote the company's high -quality development.

This article only represents the author's point of view, and does not represent the position of this magazine.

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