Yang Fan, Chairman of Xinmei Mutual Life Insurance: The layout of the medical and nursing industry will be a long track in the future

On May 26, Xinmei Life Mutual Insurance Co., Ltd. (hereinafter referred to as "Xinmei Mutual Life") reviewed five years of business development and officially released a new strategic layout at the fifth anniversary press conference. . Data shows that as of the end of 2021, Xinmei Mutual Life’s total assets were 20.14 billion yuan, a year-on-year increase of 111%; the original insurance premium income for the whole year of 2021 was 6.525 billion yuan, a year-on-year increase of 93%; it has been profitable for two consecutive years, with a net profit of 2021. 214 million yuan.

Yang Fan, founder and chairman of Xinmei Mutual Life Insurance, said at the press conference that the essence of mutual insurance is "mutual assistance, mutual trust, mutual benefit, win-win, and insisting on membership-based Creating long-term value for members is the core pursuit of mutual management." Xinmei Mutual Life will continue to build an insurance ecosystem with professionalism and win-win, accurately position and implement differentiated operations, and drive comprehensive empowerment through digitalization, and make solid progress on the road to meet members' needs for risk protection and services in pension, medical, health, etc. , while serving the country’s people’s livelihood strategy, we also strive to open up a broad blue ocean for our own long-term development.

CITIC Securities pointed out in a research report that the gap in health care demand will become the next outlet for insurance companies. The integration of pension and medical care will provide insurance companies with profitability through the cycle. Compared with a single For the insurance business, it will also bring higher valuation premiums to insurance companies.

Daily Economic News