The insurance industry continued with steady growth in the first three quarters of 2017. Returning to the essence of protection and risk management has been the focus for the industry. Product mix was further adjusted. Investment yields were stable, and solvency was adequate. Insurance technology is being accelerated and widely applied in the industry. The insurance industry is improving itself in serving the real economy and national development strategy.
A series of regulations (including consultation papers) on corporate governance, product development, solvency, asset liability management (ALM) were published, which guide the industry to focus on the essence of insurance, enhance the capabilities of risk prevention and control, and utilize the long-term risk management and protection capabilities to serve the real economy.
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