China Insurance CEO Zhao Peng: Promote the improvement of catastrophic insurance policies, standards, and product systems, and strive to be a resilient recoverer of climate risks.

On June 19, Zhao Peng, the president of People's Insurance Company of China, stated at the 2025 Lujiazui Forum that for the insurance industry, it is important to grasp the unique position and role of insurance mechanisms in green development, innovate product services, establish standards and norms, and strive to become a resilient restorer of disaster risks, a significant controller of environmental externalities, and a long-term investor in green economic transformation.