Zhou Yanli, a member of the National Committee of the Chinese People's Political Consultative Conference: It is recommended that individual commercial insurance expenses be deducted before paying taxes

Zhou Yanli, member of the National Committee of the Chinese People's Political Consultative Conference: It is recommended that personal commercial insurance expenses be deducted before paying taxes

Zhongxin Jingwei, February 28 (Wei Wei) Common prosperity is a hot topic of public concern recently, and the "three distributions" as an effective way to adjust income distribution and achieve common prosperity have also aroused widespread concern. The two sessions of the National People's Congress are about to open, and Zhou Yanli, a member of the National Committee of the Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission, will submit a proposal that focuses on the function and role of insurance in the three distributions. He suggested that the top-level design should be strengthened and the insurance system should be included in the overall development pattern and framework system of the three distributions.

Zhou Yanli, member of the National Committee of the Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission

Commercial insurance should become an important mechanism for three allocations

In August 2021, the tenth meeting of the Central Financial and Economic Commission pointed out that it is necessary to adhere to the people-centered development thinking, promote common prosperity in high-quality development, correctly handle the relationship between efficiency and fairness, and build a basic institutional arrangement for the coordination of primary, redistributive and tertiary distribution.

In Zhou Yanli's view, commercial insurance has played an important role in preventing and resolving the poverty caused by disasters and diseases, and it can smooth out the losses caused by risks in time and space, which should become an important mechanism for three allocations.

He pointed out that on the road to achieving three distributions and promoting the common prosperity of all people, insurance is an important distribution mechanism and a guarantee mechanism. After participating in the three allocations, commercial insurance can more accurately match vulnerable groups, target groups are more accurate, more targeted and fair, which is conducive to further establishing and improving the protection mechanism in the whole society.

At the same time, Zhou Yanli observed that the development of commercial insurance also faces some problems, such as insufficient product innovation, the need for governments at all levels to gradually raise awareness, and the need for relevant policy support. To this end, Zhou Yanli put forward four suggestions.

The first is to strengthen the top-level design and incorporate the insurance system into the overall development pattern and framework system of the three distributions. Led by the government, clear instructions are made in the operation mechanism, institutional arrangement and logistics support of the three allocations, and the precise guarantee and risk dispersion mechanism of commercial insurance are established to encourage and guide the healthy and sustainable development of commercial insurance.

The second is to strengthen support for commercial insurance in terms of finance and taxation. On the one hand, the product innovation and research and development expenses made by commercial insurance in the three distributions are deducted before tax, and appropriate financial subsidies are given when policy-based and inclusive insurance is launched; on the other hand, the tax base is appropriately increased, and the expenditures used by individuals to purchase commercial insurance (including but not limited to health insurance, automobile insurance, long-term care insurance, etc.) are deducted before tax.

The third is to strengthen interdepartmental cooperation. The development of commercial insurance often involves cooperation between multiple departments. For example, the promotion of agricultural insurance involves the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, the Forestry and Grassland Bureau, etc.; the development of health insurance involves the Medical Insurance Bureau, hospitals, etc. In order to further promote the development of commercial insurance and better adapt to the mechanism of three-time distribution, it is recommended to establish a coordination mechanism between insurance-related departments and set up a working group to give full play to the function of the government and the market.

The fourth is to strengthen publicity and education. In all aspects of social participation to popularize the knowledge of commercial insurance, government departments should earnestly attach importance to the function and role of insurance from the ideological point of view, and be good at using the insurance system and mechanism to make the three distributions bigger and stronger.

It is recommended to establish a unified network security risk database

Cybersecurity is one of the focus topics of social attention in recent years. With the vigorous development of the Internet, it has also put forward a new proposition for network security. Another proposal to be submitted by Zhou Yanli proposes to accelerate the construction of the system and promote the healthy development of network security insurance.

What is Cyber Security Insurance? Zhou Yanli introduced that network security insurance is a solution to prevent risks in the process of networking, digitization and intelligence of the digital economy, which helps to reduce the economic risks faced in the process of industrial digitalization and digital industrialization.

Talking about the role of network security insurance, Zhou Yanli said that when an enterprise or individual suffers losses from a network attack, network security insurance can provide agreed economic compensation for the data loss party to help the damaged entity resume production and life as soon as possible, which is beneficial to improving the risk management system of network security and protecting the interests of digital economy participants or consumers.

He further pointed out that for the relevant responsible entities, network security insurance can help relevant parties build a network security system, improve risk management capabilities, ensure network security and data security in production and life, smooth the demand for network security risks, and help the digital economy operate safely and stably.

However, Zhou Yanli stressed that at present, the mainland's network security insurance started late, the relevant legal system needs to be improved, the data needs to be gradually accumulated, the network security risk data sharing platform is missing, the problem of information asymmetry is prominent, the development of the industry needs to be further regulated, and the responsible entity for the occurrence of network security insurance accidents conceals data, resulting in the difficulty of collecting and accumulating network security historical data, resulting in damage to the interests of online consumers.

Faced with the development of network security insurance, Zhou Yanli put forward four suggestions. The first is to improve the relevant standards and legal systems. The construction of network security standards and laws and regulations is the institutional basis for the development of network security insurance, and the mainland urgently needs to build a more complete network security level management system, accelerate the establishment of a unified data security classification management system, provide network security guarantee services for insurance companies and network security service providers, and have a law to rely on to deal with network economic disputes in a timely manner, effectively ensuring the high-quality development of the network security industry.

The second is to formulate relevant strategic plans for the development of network security insurance. Provide policy support and organizational guarantees, and suggest that the Ministry of Industry and Information Technology guide the development of the network security insurance market, learn from foreign experience, introduce preferential policies, and encourage responsible entities to purchase network security insurance. Relevant competent departments and local governments may give full play to the role of fiscal funds in guiding and provide small and medium-sized enterprises with insurance purchase tax reduction policies and insurance purchase subsidy policies, etc., so as to encourage small and medium-sized enterprises to take the initiative to apply for network security insurance and optimize the network security environment.

The third is to establish a unified network security risk database. A significant reason for the slow development of the cybersecurity insurance market is the lack of empirical claims data, which makes quantifying data security risks a challenge. Specific suggestions: First, the relevant ministries and commissions should assist the insurance regulatory department to establish a national network risk loss database; second, the insurance company should establish a network risk claim database and dock with the national network security loss database; third, the insured enterprise should establish a record of its system and network attack, so that the insurance company can assess the level of enterprise network security. The establishment of databases at all levels will make the rate pricing of network security insurance precise, standardized and rational. As more and more data accumulates, rate pricing will become more accurate under the law of large numbers.

The fourth is to increase the publicity and promotion of network security insurance. Make full use of national publicity opportunities such as National Security Education Day, National Insurance PublicIty Day, and Cyber Security Publicity Week to carry out relevant publicity and education activities, introducing the coverage, real cases, and significance of network security insurance. At the same time, regions and industries with developed insurance services and high security risks can be selected to carry out mandatory pilots of network security insurance services, forming a network security insurance service model that can be promoted nationwide. (Zhongxin Jingwei APP)

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Editor-in-Charge: Luo Kun