On October 16, Chairman Bai Li of Great Wall Life Insurance said at the 2024 ESG Global Leaders Conference that after experiencing long-term rapid growth, China's economy is now facing a historic transformation from rapid growth to high-quality development. In this special and critical period, implementing ESG strategies is of great significance in promoting the transformation of the financial industry and achieving sustainable high-quality growth. “As far as personal insurance is concerned, falling interest rates and supply mismatch are two major challenges facing the new era of insurance.” Bai Li said that the low interest rate environment places higher demands on the level of governance of personal insurance companies. Therefore, the current personal insurance industry should focus on operational safety, improve the level of corporate governance, respond positively, and actively seek change.

On October 16, Chairman Bai Li of Great Wall Life Insurance said at the 2024 ESG Global Leaders Conference that after experiencing long-term rapid growth, China's economy is now facing a historic transformation from rapid growth to high-quality development. In this special and critical period, implementing ESG strategies is of great significance in promoting the transformation of the financial industry and achieving sustainable high-quality growth. “As far as personal insurance is concerned, falling interest rates and supply mismatch are two major challenges facing the new era of insurance.” Bai Li said that the low interest rate environment places higher demands on the level of governance of personal insurance companies. Therefore, the current personal insurance industry should focus on operational safety, improve the level of corporate governance, respond positively, and actively seek change.