202 1 what is the development status and trend of insurance industry?

I. 202 1 Development Status of Insurance Industry

China insurance market has broad development space and potential. The internal motive force of China's economic growth is still strong, and the general trend of economic and social development provides a rare opportunity for the development of the insurance industry, and also puts forward new and higher requirements. With the continuous development of the insurance industry, the insurance industry is developing better now. Every year, insurance companies will introduce new insurance products, and the coverage of these insurance products is getting bigger and bigger, so that more and more people can get a lot of protection when buying insurance.

China insurance market has broad development space and potential. The internal motive force of China's economic growth is still strong, and the general trend of economic and social development provides a rare opportunity for the development of the insurance industry, and also puts forward new and higher requirements. In the future, China's insurance industry will change from extensional development to connotative development, improve the market system with multiple subjects and orderly competition, enrich the innovation and marketing channels of insurance products, broaden the service fields, improve the service level, and promote the coordinated development of the insurance market in the eastern, central and western regions.

Second, the future development trend of the insurance industry

In recent years, although insurance technology has brought new development to the whole industry, the overall intelligence level of the insurance industry still lags behind other traditional financial fields, such as banks and securities. The 13th Five-Year Plan for the Development of Insurance Industry in China issued by China Banking Regulatory Commission clearly points out that it is necessary to strengthen the infrastructure construction of insurance industry and promote the application of intelligence and big data in insurance industry. More and more people realize that the insurance industry is a very favorable industry, so in the future, not only a few big insurance companies now, but also many other emerging companies will join the insurance industry.

At present, China's insurance industry presents a pattern in which original insurance, reinsurance, insurance intermediary and insurance asset management are coordinated with each other and Chinese and foreign insurance companies develop together. Professional insurance asset management companies, health insurance companies and pension insurance companies have gradually developed and become an important force in the market.