Recently, Swiss Re held a media round table in Beijing to look at macroeconomics and the insurance market. An Renli, chief economist of Swiss Re Group, said that the current global macroeconomic situation has changed dramatically. These changes will not only reshape the global macroeconomic landscape, but will also profoundly affect regional developments, which in turn will have a ripple effect on the insurance market. This means we are unable to return to the past model, and many parameters that have a critical impact on pricing in the insurance industry have also changed, including changes in inflation and interest rates. Focusing on the Chinese insurance market, Shang Zhuobo, president of Swiss Re in China and CEO of the Chinese reinsurance business, said that the main growth theme of the Chinese insurance industry is in sync with the direction proposed in the “15th Five-Year Plan.” The mission of the financial services industry is to serve the real economy, which is also the focus of the insurance industry. Looking ahead, China's property and accident insurance industry still has huge room for growth and has the opportunity to play a greater role in enhancing economic and social resilience.

Recently, Swiss Re held a media round table in Beijing to look at macroeconomics and the insurance market. An Renli, chief economist of Swiss Re Group, said that the current global macroeconomic situation has changed dramatically. These changes will not only reshape the global macroeconomic landscape, but will also profoundly affect regional developments, which in turn will have a ripple effect on the insurance market. This means we are unable to return to the past model, and many parameters that have a critical impact on pricing in the insurance industry have also changed, including changes in inflation and interest rates. Focusing on the Chinese insurance market, Shang Zhuobo, president of Swiss Re in China and CEO of the Chinese reinsurance business, said that the main growth theme of the Chinese insurance industry is in sync with the direction proposed in the “15th Five-Year Plan.” The mission of the financial services industry is to serve the real economy, which is also the focus of the insurance industry. Looking ahead, China's property and accident insurance industry still has huge room for growth and has the opportunity to play a greater role in enhancing economic and social resilience.