China Pacific Insurance Chairman Fu Fan: Industry competition is shifting from the growth dividend to the battle over existing assets.

On March 27, financial front-line news reported that China Pacific Insurance held its 2025 performance briefing today. Group Chairman Fu Fan stated that looking ahead to the “14th Five-Year Plan,” the Chinese insurance industry is currently in a critical period where strategic opportunities coexist with risk challenges.

Fu Fan stated that from a macro policy perspective, the state has made the vigorous development of the financial “Five Major Articles” a key strategic task, promoting the insurance industry to better play its role as an economic stabilizer and social stabilizer; from the market demand perspective, the upgrading of industrial structure and the adjustment of population structure have generated new demands for risk protection and financial services, opening up a broad market for the insurance industry to expand new momentum; from the technological transformation perspective, the accelerated evolution of artificial intelligence also brings historic opportunities to the industry.

At the same time, Fu Fan pointed out that the challenges cannot be ignored. Our country has entered an era of low interest rates, greatly altering the traditional profit model that relies on interest spreads, and industry competition is shifting from incremental dividends to stock game strategies, making the transformation toward high-quality development increasingly urgent.

Fu Fan emphasized that in the face of the new journey of the “14th Five-Year Plan,” the group will adhere to seeking progress while maintaining stability, enhancing quality and efficiency, and accelerating the construction of a first-class insurance financial service group with market-leading and international competitiveness.

(Editor: Liu Sijia)

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