Cong Lin, deputy director of the General Administration of Financial Supervision, said at the 2026 Financial Street Forum Annual Insurance Conference on October 20 that the insurance industry should take the initiative to shoulder the mission and tasks assigned to the insurance industry in the new era, accurately connect with key areas and weak links in the national strategy, and further develop the functions of an economic “shock absorber” and social “stabilizer”. First, it is necessary to fully serve the development of new quality productivity, and speed up the establishment and improvement of an insurance product service system covering the entire cycle of the entire chain around scientific and technological innovation, green transformation, and the construction of six networks. Improve the coverage of technology insurance, green insurance, liability insurance and other related businesses; optimize the first-batch and first-edition insurance compensation mechanisms; improve the technology insurance risk diversification model; use the function of stable insurance expectations to provide suitable insurance products for the consumer sector to support the expansion of domestic demand; give full play to the advantages of patient capital in insurance funds to provide more long-term financial support for major national strategies, new infrastructure construction, and strategic emerging industries through financial instruments such as equity investment, debt plans, and asset securitization. Second, it is necessary to continue to empower people's livelihood, health, and social governance, and actively integrate into the construction of a multi-level, multi-pillar social security system. Vigorously develop commercial pension insurance, health insurance, and long-term care insurance to play a greater role in meeting the growing health and pension needs of the masses; adapt to the insurance coverage needs of new citizens with flexible employment groups, low-income groups, small and medium-sized enterprises, etc.; steadily improve the catastrophe insurance system, continuously increase the share of commercial insurance compensation in major disaster losses, and provide strong support for the construction of a national disaster prevention and treatment system. Third, it is necessary to actively serve a high level of openness to the outside world, adhere to the direction of stabilizing foreign trade and stabilizing foreign investment, vigorously develop export credit insurance, and provide multi-faceted insurance guarantees for Chinese enterprises to go global. Based on serving the overall situation of the country's opening up to the outside world, we will actively establish a global cross-border insurance service system, protect the legitimate interests of Chinese enterprises overseas, accelerate the development of the Shanghai International Reinsurance Center, and enhance China's voice in the global shipping insurance market.

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