China Pacific Insurance Jiangxi Branch is deeply committed to enhancing financial services through its “Five Major Articles.” These efforts focus on quality financial services that drive quality development, contributing to the construction of a robust financial nation.
Innovative Development through Financial Technology
With technology as the primary productive force and innovation as the main driving force, the Jiangxi branch emphasizes the significance of financial services in supporting the real economy and technological innovation. The branch has laid out a two-year action plan to promote technological independence and self-reliance, continuously enriching its insurance products and services. It has also strengthened support for technological innovation and advanced manufacturing. Notably, partnerships have been established with municipal intellectual property bureaus to sign strategic cooperation agreements on intellectual property insurance, providing robust financial backing for the modernization of the industrial system. In 2024, the company offered risk coverage totaling 101.2 billion yuan to 1,381 specialized and innovative enterprises and 36.1 billion yuan for 1,612 high-tech firms.
The company has also pioneered “Jishui Digital Transformation Insurance,” creating a comprehensive insurance solution for manufacturing enterprises undergoing digital transformation. It has actively supported the aviation industry, insuring various aircraft projects, and provided 5.232 billion yuan in risk coverage to major clients such as Hongdu Aviation and Changfei Group, thereby accelerating Jiangxi’s aviation aspirations.
Green Finance for Sustainable Development
The Jiangxi branch of China Pacific Insurance adheres to the principle of green development, actively developing green insurance products that promote sustainable economic and social transformation. In alignment with the national “dual carbon” strategy, the branch has leveraged its investment advantages in insurance funds to support photovoltaic power projects, allocating 1 billion yuan for investments in the Shangrao photovoltaic project. In 2024, it insured 17 photovoltaic plants, providing a total of 3.6 billion yuan in coverage. Additionally, it has promoted environmental pollution liability insurance, offering coverage of 406 million yuan to 257 enterprises.
The company has also introduced the first water quality index insurance in the province, supporting water quality monitoring and management through a new “ecology + insurance” model. In the realm of green living, it has enhanced its service capabilities for new energy vehicle insurance, introducing innovative products such as smart driving liability insurance and property insurance for charging stations to ensure safe and green travel.
Inclusive Finance Enhancing Livelihoods
Inclusive finance remains a top priority for addressing the weak links in economic and social development. The Jiangxi branch has been exploring innovative insurance products and services tailored for farmers, small business owners, and new citizens, providing comprehensive protection to meet their aspirations for a better life. In supporting rural revitalization, the branch has implemented complete cost insurance for rice in 95 counties and agricultural disaster insurance in 6 cities, facilitating a financing boost of 200 million yuan through its “Agricultural Insurance +” model. The “Anti-Poverty” initiative has provided comprehensive risk coverage of 35.159 billion yuan to 4.092 million individuals across the province.
In its support for small and micro enterprises, the Jiangxi branch has enhanced financial backing for private businesses and individual entrepreneurs, addressing their specific needs with tailored innovative solutions. Through the “Ecological Credit Pass” product, local SMEs have historically secured 1.3 million yuan in bank loans. Furthermore, the “Qianji Hui” loan guarantee insurance has assisted over 450 clients in obtaining 64 million yuan in bank loans.
To support new citizens, the branch has actively promoted exclusive accident insurance products, providing risk coverage of 93.5 billion yuan to 197,800 new citizens. It has pioneered a government-led supplementary work injury insurance model that includes flexible employment personnel, recognized as a typical case of inclusive insurance by the China Insurance Association.
Pension Finance Supporting Elderly Care
The Jiangxi branch responds to government policies by participating in the construction of the social security system and continuously optimizing services for the elderly. It has implemented supplementary work injury insurance pilot programs in four cities, providing an average of 8 million yuan in insurance coverage for 29,600 elderly individuals. The company has also insured accident insurance projects for the elderly, offering coverage of 116.34 billion yuan to 1.88 million elderly residents across five cities.
Additionally, it has initiated the only long-term care insurance pilot project in Jiangxi, expanding services to rural areas and offering long-term care insurance coverage for nearly 620,000 insured persons in Shangrao City. The branch is also promoting liability insurance for elderly care institutions, providing 849 million yuan in risk coverage for 326 institutions.
Digital Finance Enhancing Service Efficiency
The Jiangxi branch is committed to digital transformation, continuously innovating the “Insurance + Technology + Service” model to offer more precise and personalized financial services. It has established a platform integrating insurance, services, and technology, incorporating drone and satellite remote sensing technologies for effective agricultural insurance assessments, enhancing the accuracy and convenience of underwriting and claims processes. In 2024, it achieved the fastest disaster claims processing speed and payout amounts in the industry.
As part of its efforts, the Jiangxi branch has launched a “Risk Reduction Service Project,” aiming to create a robust risk reduction service system within two years. It has established a comprehensive management framework across the province, employing 260 dedicated personnel to assist clients in achieving significant loss reductions exceeding 25 million yuan.
