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 adhering to problem orientation will continue to improve the adaptability and competitiveness of the insurance industry. She analyzed that compared with the needs of economic and social development and the goal of building a strong financial nation, the insurance industry still has shortcomings and weaknesses in terms of development philosophy, business model, supply structure, market order, consumer rights protection, etc. It is necessary to resolutely abandon the complex of scale, shift from pursuing speed and scale to focus on quality and efficiency, continue to deepen reforms, enhance the supply adaptability of insurance, and promote the high-quality development of the industry itself.

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