Li Qiang presided over an executive meeting of the State Council. The meeting pointed out that the insurance industry plays an important role in protecting and improving people's livelihood, preventing and mitigating disasters, and serving the real economy. It is necessary to consolidate the foundation of a high-quality development system for the insurance industry, firmly establish the concept of service priority, give full play to the role of commercial insurance and other market mechanisms, and vigorously improve the insurance industry's security capabilities and service levels. It is necessary to keep a close eye on key areas and weak links, strengthen supervision, protect the legitimate rights and interests of consumers, and improve the risk prevention system. It is necessary to cultivate and expand patient capital such as insurance funds, break through institutional barriers, improve assessment and evaluation mechanisms, and provide stable long-term investment in the capital market and scientific and technological innovation.

Li Qiang presided over an executive meeting of the State Council. The meeting pointed out that the insurance industry plays an important role in protecting and improving people's livelihood, preventing and mitigating disasters, and serving the real economy. It is necessary to consolidate the foundation of a high-quality development system for the insurance industry, firmly establish the concept of service priority, give full play to the role of commercial insurance and other market mechanisms, and vigorously improve the insurance industry's security capabilities and service levels. It is necessary to keep a close eye on key areas and weak links, strengthen supervision, protect the legitimate rights and interests of consumers, and improve the risk prevention system. It is necessary to cultivate and expand patient capital such as insurance funds, break through institutional barriers, improve assessment and evaluation mechanisms, and provide stable long-term investment in the capital market and scientific and technological innovation.