The 2024 National Two Sessions have come to an end, and all walks of life will start a new chapter of struggle around the expected economic growth goals of this year.
As an "economic shock absorber" and "social stabilizer", Ruizhong Insurance contributes to the insurance power in financial support entities and the improvement of people's livelihood and well-being. Especially in the "five major articles" of science and technology finance, green finance, inclusive finance, pension finance and digital finance, Ruizhong Insurance strives to provide strong financial support for promoting high-quality economic and social development.
Fintech Finance
Let the financial living water effectively empower new quality productivity
The new quality productivity is the productivity in which scientific and technological innovation plays a leading role, which is inseparable from the irrigation of financial "living water". Ruizhong Insurance actively builds a science and technology financial service ecology, supports the development of national science and technology projects and enterprises, promotes the positive interaction between finance and technology, and helps build a science and technology power.
As a state-owned financial enterprise, Ruizhong Insurance has increased investment, supported major national science and technology projects and science and technology enterprises, and broadened the financing channels of science and technology enterprises. Ruizhong Insurance deepens strategic cooperation with technology companies to promote the R&D and application of cutting-edge technologies and key core technologies. Actively participating in TCL Technology's private placement business has alleviated TCL's financial pressure and concentrated on increasing capital investment in semiconductor silicon wafers and semiconductor materials.
Through equity and debt investment, Ruizhong Insurance has laid out core technology fields, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta urban agglomeration, and the Beijing-Tianjin-Hebei urban agglomeration, supporting technology-based enterprises and strategic emerging industries, cultivating "specialized, special and new" enterprises, helping to solve the "bottleneck" problem and enhancing the resilience of the supply chain.
In product research and development, marketing promotion, channel operation, customer service, decision-making assistance and risk management, Ruizhong Insurance has widely applied scientific and technological means to explore the application of forward-looking technologies in the insurance industry, and promote the construction of a new insurance ecosystem and business model innovation. Let the financial living water effectively empower the new quality of productivity, and let science and technology and finance achieve "two-way running".
Green Finance
Help take the road of ecological priority and green development
Lucid waters and lush mountains are invaluable assets. Ruizhong Insurance has always adhered to the concept of green development, actively developed green finance, practiced green operation, and promoted the comprehensive green transformation of economic and social development. Establish and improve the incentive and restraint mechanism to support green development, enrich and improve the green financial product and service system, innovate and develop green insurance and green investment, and provide customers with comprehensive and personalized green financial solutions.
Focusing on the key areas of green and low-carbon development, Ruizhong Insurance actively meets the investment and financing needs of major green and high-quality projects, supports the construction of a clean, low-carbon, safe and efficient energy system, and increases investment support for the construction of a new energy system. Strengthen market research on green industry development policies, and assist eligible enterprises in issuing green bonds, of which about 1.51 billion yuan will be invested in green bonds that meet ESG certification standards in 2023. Ruizhong Insurance integrates ESG concepts into investment decisions, improves ESG management systems, optimizes ESG information disclosure, ensures compliance and reduces risks, promotes green governance and sustainable development, and contributes to the construction of a green China with practical actions.
Financial Inclusion
Actively explore the construction of an inclusive financial system with Chinese characteristics
Building an inclusive financial system with Chinese characteristics is not only a basic requirement for building a financial power, but also an inevitable choice to promote the high-quality development of inclusive finance in the new era and adhere to the path of financial development with Chinese characteristics.
Ruizhong Insurance is committed to developing financial products with security, profitability and liquidity for the majority of customer groups, so as to improve efficiency, reduce costs, strengthen risk control, and inject financial vitality into private enterprises, small and medium-sized enterprises and rural revitalization. Ruizhong Insurance actively seeks cooperation opportunities in line with the vigorous development of inclusive finance, strengthens financial support for private enterprises and micro, small and medium-sized enterprises, optimizes the wealth management product and service system, and supports food security and rural revitalization.
In addition, Ruizhong Insurance is also committed to enriching the supply of inclusive products, exploring the provision of appropriate and effective inclusive insurance products for low-income groups such as new citizens, the elderly, farmers, and private and small and micro business owners, optimizing the wealth management product system, increasing the development of inclusive insurance, and providing multi-level, diversified and wide-coverage insurance protection to meet the needs of people's health protection. Through these efforts, Ruizhong Insurance continues to contribute to the high-quality development of the economy and society.
Pension Finance
Deeply cultivate the pension industry and bravely undertake the mission of financial responsibility
The third pillar of commercial pension insurance has been an important part of the mainland pension insurance system. Ruizhong Insurance actively expands the commercial endowment insurance business, focusing on the research and development of long-term care, pension and other products to meet the needs of elderly customers. Ruizhong Insurance actively collaborates with reinsurance companies to explore the upgrading of pension and nursing security products, enrich product supply, accelerate the development of commercial pension, health insurance, pension savings and pension asset management products, and create a one-stop personal pension financial integrated platform of "open ecology and digital intelligence services".
In addition, Ruizhong Insurance focuses on the investment layout and professional construction and operation of the pension industry, creates characteristic network services for the elderly, sets up love seats, love windows, and silver hair zones, and has a branch coverage rate of 100%, cares for the elderly with public welfare measures, and helps 22,500 elderly people in distress to improve their pension status, provides comprehensive solutions, and builds a multi-level and multi-mode pension service system.
Ruizhong Insurance actively carries out policy-based health insurance business, innovates and develops various protection products, comprehensively upgrades the coverage of mild, moderate and severe diseases, and expands the coverage of mild, moderate and severe diseases from 155 to 200. Accelerate the integration of health service resources and improve the professional operation level of health insurance. By deeply cultivating the pension industry, Ruizhong Insurance bravely assumes financial responsibilities and contributes to the well-being of the elderly.
Digital Finance
Promote high-quality development to a new level
In the wave of digital economy, digital transformation and digital financial services are ubiquitous, becoming the core driving force for the construction of a financial power. As an active explorer of digital finance, Ruizhong Insurance has participated in the "Leader" activity of enterprise standards in the financial field for four consecutive years, deeply cultivated professional insurance services, deepened reform and innovation, and promoted high-quality development to a new level.
The first is to accelerate digital transformation, implement the "digital" strategic vision of Ruizhong Insurance, accelerate the research and formulation of digital transformation guidance, and improve the top-level design of digital financial development.
The second is to strengthen digital capacity building, promote the modernization of Ruizhong insurance infrastructure, and apply intelligent technology to digitally upgrade all elements, links and scenarios of the company's operation, improve the quality and efficiency of work, and improve the level of digital operation. In 2023, Ruizhong Insurance will handle a total of 429,400 claims cases, with a claim amount of 5.813 billion yuan, the average processing time of small claims is only 0.2 days, and the odds of small claims are as high as 99.78%.
The third is to strengthen the governance of data application, improve the data governance system of Ruizhong Insurance, establish data standards, and improve the data quality and data security protection capabilities of the business chain. By strengthening the development and application of big data, analyzing customer data and behavioral habits, deeply understanding customer needs, and improving precision marketing and fine service capabilities, it provides new impetus for business development.
Looking forward to 2024, there is a long way to go for high-quality development. Ruizhong Insurance fully implements the decisions and arrangements of the CPC Central Committee, actively serves major national strategies, fulfills its social responsibilities, gives full play to its role as an economic shock absorber and a social stabilizer, and fulfills its mission as a state-owned financial enterprise with high-quality financial and insurance services. Focusing on "serving the country with finance, doing good with finance, and serving the people with finance", we insist on taking the overall development of financial services as the starting point and end point, and focus on "serving the needs of the country, grasping the general trend, meeting the expectations of the people, and giving full play to the capabilities of the people", and do a good job in the five major articles of science and technology finance, green finance, inclusive finance, pension finance, and digital finance, continue to improve the quality and efficiency of serving the national strategy, the real economy, and people's livelihood security, and provide strong financial support for high-quality economic and social development with high-quality insurance service supply.
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