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

On March 27, the financial front reported that China Pacific Insurance held a performance briefing for the year 2025 today. Group Chairman Fu Fan stated that looking ahead to the 14th Five-Year Plan, the Chinese insurance industry is currently at a critical juncture where strategic opportunities and risk challenges coexist.

Fu Fan mentioned that from a macro policy perspective, the country prioritizes the vigorous development of the “Five Major Articles” in finance as a key strategic task, promoting the insurance industry to better serve as an economic stabilizer and social stabilizer; from market demand, the upgrading of industrial structure and adjustments in population structure have created new demands for risk protection and financial services, opening up a broad market for the insurance industry to explore new momentum; from technological transformation, the accelerated evolution of artificial intelligence also brings historic opportunities to the industry.

At the same time, Fu Fan pointed out that challenges cannot be overlooked. Our country has entered an era of low interest rates, significantly altering the traditional profit model that relies on interest spreads. Industry competition is shifting from the dividends of growth to the competition for existing market shares, and the transition to high-quality development is becoming increasingly urgent.

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

(Edited by: Liu Sijia)

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