According to the latest data released by the China Banking and Insurance Regulatory Commission, the total assets of the insurance industry increased by 18.3% year-on-year in the first three quarters of 2024. During this period, the original insurance premium income of the industry was CNY 4.79 trillion, with property insurance accounting for CNY 1.08 trillion and life insurance accounting for CNY 3.71 trillion. The original insurance claims paid by the industry in the first three quarters of 2024 were CNY 1.73 trillion. On a comparable basis, the original insurance premium income of the industry increased by 7.2% year-on-year, while the original insurance claims paid increased by 23.8% year-on-year. With the introduction of a package of incremental policies, long-term funds such as social security funds, pension funds, and insurance funds are accelerating their entry into the market. Various types of long-term and stable funds have stated that they are conducting long-term investment matching system research and will enter the market at the right time. Looking ahead, industry insiders believe that with the effective implementation of stock policies and the acceleration of incremental policies, the capital market is expected to introduce large-scale incremental funds for countercyclical adjustment, injecting confidence and boosting activity, and jointly maintaining the long-term stability of the market. In addition, the economy is expected to improve marginally in the fourth quarter, which will also have a positive impact on the capital market. According to the regulatory data, the original insurance premium income of property insurance in the first nine months of 2024 was CNY 1.08 trillion, an increase of 4.16% on a comparable basis. The original insurance premium income of life insurance was CNY 3.71 trillion, an increase of 15.52% on a comparable basis. Life insurance companies have always been the “main force” driving the growth of insurance premiums, both in terms of premium scale and growth rate. From the current trend, the growth rate of life insurance premiums remains high. Kong Xiang, an analyst at Guosen Securities, stated in a related research report that in response to the policy of lowering the prescribed interest rate, the life insurance industry switched to ordinary products at the end of August, and the upper limit of the prescribed interest rate for newly filed ordinary insurance products is 2.5%. The switching point for participating and universal insurance was at the end of September, which contributed to the main increase in the industry’s premium income in September.