Weekly Insurance Overview (2.28—3.6)

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◆Regulatory Voice

Four Departments: Encourage insurance funds to provide key support to enterprises undertaking major national science and technology projects

Recently, the Ministry of Science and Technology, the China Banking and Insurance Regulatory Commission, the Ministry of Industry and Information Technology, and the National Intellectual Property Administration issued the “Opinions on Accelerating the High-Quality Development of Science and Technology Insurance to Support High-Level Scientific and Technological Self-Reliance and Strength.” The “Opinions” encourage insurance funds to prioritize support for enterprises undertaking major national science and technology projects and strengthen investment in emerging and future industries. They promote pilot reforms for long-term investment of insurance funds and encourage priority investment in tech-based companies. Under the premise of manageable risk and commercial sustainability, they support insurance funds to increase investment in science and technology innovation bonds and promote investment in securitized products related to technological innovation. Make full use of insurance funds to support technological innovation and regulatory policies on solvency.

◆Company News

Insurance agents are also competing academically—Ping An Life’s “High Talent Program” is here

By early 2025, leveraging the “Comprehensive Finance + Medical and Elderly Care” strategy, Ping An Life will launch the “Insurance and Elderly Care Advisor.” After professional training and certification, this advisor will serve as a key contact point aligning Ping An Group’s strategic layout with market needs, aiming to become a value communicator across the “Financial Advisor, Family Doctor, and Elderly Care Manager” service systems. After a one-year pilot, Ping An Life has officially launched the “Insurance and Elderly Care Advisor High Talent Program” based on the original advisor model.

Some insurers lower the guaranteed interest rate on participating whole life policies

Recently, Zhongying Life launched Fu Man Jia C (Enjoy Version) whole life insurance (dividend type), setting the guaranteed interest rate at 1.25%, down 50 basis points from the mainstream rate of 1.75%. Industry analysts say that lowering the guaranteed interest rate on dividend policies is a measure insurers use to prevent interest margin risks and align with dynamic pricing adjustment mechanisms. In the future, the floating portion of dividend insurance returns may carry more weight, and the dividend payout rate could become a key indicator of product competitiveness.

Xinhua Insurance and others invest in Beijing-Tianjin-Hebei Venture Capital Guidance Fund

Recently, the Beijing-Tianjin-Hebei Venture Capital Guidance Fund Partnership (Limited Partnership) underwent a business registration change, adding Shenhui Hongyuan, Xinhua Insurance, Zhonghui Life Insurance Co., Ltd., and China Life Reinsurance Co., Ltd. as new partners.

◆Financial Personnel Changes

Fang Yuanjin approved as General Manager of Taikang Online

Taikang Online announced that, with approval from the board of directors and the China Banking and Insurance Regulatory Commission, Fang Yuanjin was appointed as General Manager starting February 24, 2026.

Zhonghe Life appoints new chairman—Li Jianyong succeeds Wang Jian

Zhonghe Life issued a temporary information report stating that, after approval at the 14th meeting of the fifth board of directors and qualification approval by the Dalian Financial Regulatory Bureau, Li Jianyong was appointed as Director and Chairman of Zhonghe Life, while Mr. Wang Jian no longer serves as Director or Chairman.

Liu Yuanzhang officially appointed Chairman of China United Insurance Group

Recently, China United Insurance Group Co., Ltd. announced that Liu Yuanzhang has officially assumed the role of Chairman. The appointment was approved at the 61st and 62nd meetings of the fifth board of directors and the third extraordinary shareholders’ meeting in 2025, and received qualification approval from the China Financial Regulatory Administration. The company issued the formal appointment document on February 25, 2026, and Liu Yuanzhang was dismissed from his temporary acting role on the same day.

Hu Zhanmin, Vice President of PICC Life, may reach retirement age; Wang Haijun, General Manager of the Group Strategic Cooperation Department, to succeed

On March 3, Hu Zhanmin, Vice President and Party Committee Member of PICC Life, was no longer part of the senior management team; meanwhile, Zhang Haijun was added as Vice President and Party Committee Member of the company.