[Explanation] At this stage, China is accelerating its entry into an aging society, which brings both shocks and opportunities.
A few days ago, Zhou Yanli, a member of the National Committee of the Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission, said in an exclusive interview with China News Agency that the insurance industry has great potential in addressing the challenges of rapid population aging and meeting the people's diverse pension needs.
[Concurrent] Zhou Yanli, member of the National Committee of the Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission
For example, in the construction of some elderly care communities in the insurance industry, there is no specific classification that is in line with elderly care land. I think the state can specifically study commercial elderly care and its related land policies.
Strengthen the management of old-age land, increase tax incentives and subsidies, and strengthen the supervision of medical co-ordination.
In addition, insurance institutions need to choose a suitable business model. According to their asset-liability matching ability and cash flow management ability, they can choose light assets, light and heavy assets, or asset heavy models. .
[Explanation] In recent years, the phenomenon of "explosion" of pension investment projects has appeared in many places.
In this regard, Zhou Yanli said that insurance companies should learn from this, enhance their awareness of investment risks, and strengthen investment capacity building.
[Concurrent] Zhou Yanli, member of the National Committee of the Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission
The thunderstorm has affected insurance companies. Although it is individual, it warns us not to use real estate to solve the problem of community construction of pension insurance.
Some of them are done in an asset-light way, such as leasing some socially idle real estate, or even needing to transform, into a retirement community. There are also many successful projects in this regard.
To acquire land according to commercial real estate, the cost is very high, how to avoid some risks in this regard, insurance companies (must) strengthen investment capacity building, have a sense of investment risk.
[Explanation] Zhou Yanli said that insurance can play an important role in preventing and resolving disasters, illnesses, poverty and return to poverty.
Therefore, he believes that the role of insurance in the three distributions should be brought into play to serve the strategy of common prosperity.
[Concurrent] Zhou Yanli, member of the National Committee of the Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission
One is to incorporate insurance into the three distribution mechanism and the system of common prosperity, establish a precise insurance protection and risk diversification mechanism, and encourage and guide insurance institutions to serve the country's common prosperity strategy.
The second is to increase financial and taxation support for insurance, and use individuals to purchase commercial insurance expenses, including long-term care insurance such as health insurance, etc., which must be deducted before paying taxes.
The last point I suggest is to strengthen the publicity of insurance and popularize knowledge about commercial insurance in all aspects of social participation.
Make the three distributions bigger and stronger, so that the insurance industry can play a greater role in the three distribution mechanism.
Reporter Wang Shibo reports from Beijing
Responsible editor: [Zhang Xi]