Liang Tao, former vice chairman of the China Insurance Regulatory Commission: We must take advantage of the construction of the Shanghai International Reinsurance Center to vigorously develop reinsurance.

Li Tao, former vice chairman of the China Banking and Insurance Regulatory Commission, stated today at the "Voyage 2025 Financial Annual Conference" that efforts should be made to vigorously develop reinsurance. A strong reinsurance market is an important support for guaranteeing economic and financial security, as it can transfer and diversify various types of catastrophic risks, new risks, and complex risks globally. Therefore, it is necessary to leverage the construction of the Shanghai International Reinsurance Center to attract global insurance and reinsurance institutions, funds, talents, and other resources to gather, building a global hub for risk distribution and pricing. By introducing international advanced experiences, product concepts, and service models, it will drive the improvement of the overall service level of the domestic insurance industry.