Tan Jiong, chairman of China Insurance, said at the 2026 Financial Street Forum Annual Insurance Conference on October 20 that resilience first comes from effective risk management, and the premise is that risk cannot be in a blind spot of protection. Today's risk environment is undergoing profound changes. The uncertainty of scientific and technological innovation, the multinational risk of enterprises going overseas, and the complexity of the risk chain all require insurance to respond with a more open attitude. Facing the future, the insurance industry should use openness to construct a new pattern of risk protection and achieve “three openings.” The first is opening up to new fields. He said that the risk characteristic of new quality productivity is high uncertainty, and using traditional screening logic will exclude innovative activities that require the most protection. What the industry needs to do is shift from screening risk to managing uncertainty and actively enter every link in the innovation chain. He explained that in recent years, China People's Insurance has extended insurance coverage to cutting-edge fields of new productivity such as integrated circuits and artificial intelligence, serving more than 360,000 technology companies in 2025. The second is opening up to new spaces. He analyzed that the risk environment faced by Chinese companies overseas is more complex than at home. Facing differences in laws, climate differences, and operating environment differences, emergency response and recovery capabilities after an accident are limited. What the industry needs to do is let insurance go global with enterprises and investments, and provide full-process protection services for overseas projects. In 2025, China People's Insurance provided more than 2 trillion yuan in insurance coverage for overseas investment and infrastructure projects. The third is opening up to new partners. “The modern risk chain involves multiple dimensions such as technology, industry, and social services, and is difficult to cover by insurance alone.” he said. He stressed that what the insurance industry needs to do is to go beyond its own business boundaries, collaborate with partners in different fields, and embed insurance expertise into a broader risk management network.

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