Recently, Li Yunze, the head of the China Banking and Insurance Regulatory Commission (CBIRC), proposed at the Lujiazui Forum that the insurance industry should make great achievements in the era of great potential, which has sparked widespread discussions in the insurance industry. "This is the first time in many years that the regulatory authorities have systematically expounded their views and plans for the development of the insurance industry at such a high-level forum." "The insurance industry should serve the modernization of China." On June 19, Li Yunze's speech at the Lujiazui Forum set off a wave of discussions in the insurance industry, with many executives of insurance institutions unable to contain their excitement. "Compared with the entire financial industry, Li Yunze's speech on the development of the insurance industry alone reveals the regulatory thinking and focus of the industry in the next stage. The content is exciting and is the biggest affirmation and encouragement for insurance practitioners." said the chairman of a leading insurance intermediary institution.