On January 9, the “Shanghai Financiers” selection, known as the “Oscar” of the Shanghai financial industry of the year, revealed the latest results for 2021. Pan Yanhong, chairman of China Taibao Life Insurance, was elected “2021 Shanghai Financial Industry Leader”. He is also the only insurance company executive among the financial elite selected this year.
Pan Yanhong said at the award ceremony that this honor belongs to China Taibao, which is well-established and prosperous, and belongs to hundreds of thousands of domestic and field partners of China Taibao Life Insurance from all over the country. China's Taibao, which was born on the banks of the Huangpu River, resonated with the same pace of reform and opening-up, and grew along the way. Facing the future, the company will stick to the original intention of insurance, “altruistic” love, and long-term perseverance, contribute insurance power to serve the country's “healthy China” strategy, protect the beautiful lives of hundreds of millions of customers, and make every effort to build the Shanghai International Financial Center.
2021 is the 27th year Pan Yanhong joined Taibao in China. As an “old lady insurance person,” she experienced and deeply participated in milestones such as the listing and strategic transformation of China's Taibao three. She has also strengthened the insurance industry, especially the life insurance industry, the concept of “sticking to value, adhering to long-term principles, and being a friend of time”.
She has held several key positions in Taibao China. In September 2019, Pan Yanhong officially assumed the position of general manager of China Taibao Life Insurance, becoming the first female general manager in the history of China Taibao Life Insurance. As the leader of China Taibao Life Insurance's transformation 2.0, she led the company around the overall strategy of “focus on value, focus on team, and focus on empowerment” to accelerate the construction of the three new dynamics of team upgrading, service addition, and technology empowerment. At the beginning of 2021, in the face of profound changes in the industry, China Taibao Life Insurance launched the “Long Aviation Campaign” to accelerate the deepening transformation with the vision of “building a life insurance company with the best service experience and being a long-term practitioner in the life insurance industry”. In June 2021, Pan Yanhong was approved by the China Banking Insurance Regulatory Commission and officially became the chairman of China Taibao Life Insurance. He continues to lead China Taibao Life Insurance through long waves and strives in a new cycle of high-quality development, and continues to protect economic and social development and a better life for the people.
Serve the needs of the country. China Taibao has served the Expo for four consecutive years. In 2021, China Taibao Life Insurance provided more than trillion dollars of personal risk protection for the 4th CIIE, and upgraded online and offline services to participate deeply in the Expo, help Shanghai host the Expo and show the world China's first-class level of openness; actively served the “Healthy China” strategy and implemented the country's multi-level medical insurance system requirements. Since 2020, China Taibao Life Insurance has continued to promote the implementation of city-specific commercial medical insurance (“Huimin Insurance”) projects. In 2021, it mainly covered the Shanghai Urban Customized Commercial Medical Insurance “Shanghai Huibao”. The total number of participants exceeded 7.39 million, making it the highest number of participants in the first year of “Urban Customized Commercial Medical Insurance”; implementing ESG and constructing the second phase of the “China Taibao Ecological Public Welfare Forest” project, a total of 1,500 acres of public welfare forests built a “green barrier” to inject new vitality into the ecology and social development of the Sanjiangyuan region.
Serve the needs of the public. Deeply involved in the main insurance business, providing customers with insurance products covering the entire life cycle and a clear hierarchy, and “Taibao Service” with responsibility, wisdom, and temperature. Throughout 2021, China Taibao Life Insurance provided factoring services to more than 3.26 million customers, paying compensation amounts of 19.3 billion yuan; with the customer as the center, it created a “golden triangle” insurance solution supported by wealth, health, and pension, and built a differentiated product+service ecosystem. For example, in terms of health care, it cooperated with Shanghai Cell Therapy Group Co., Ltd. to launch the “Life Bank Baizawa Plan” to provide customers with immune cell storage services. In terms of high-end pension, 10 “Taibao Homes” have been set up in 9 locations including Chengdu, Dali, and Shanghai to provide comfortable and livable high-quality comprehensive pension solutions for the elderly; in terms of wealth inheritance, we rely on cooperation with Shanghai Trust to provide specialized insurance and trust services for high-net-worth people to help customers achieve the four major functions of steady investment, marriage protection, asset isolation, and asset inheritance.
The “Shanghai Financiers” selection was launched in 2011 and has been held for 11 consecutive sessions. This year's selection was co-hosted by China Economic Information Service, Xinhua News and Information Center, Xinhua News Agency Shanghai Branch, China Financial Information Center, Xinhuanet, Shanghai Securities News, Shanghai Financial Industry Federation, and First Finance. The aim was to commend and inspire participants and contributors in Shanghai's construction of an international financial center, and to encourage and call on more financial talents to participate in the high-quality development of the financial industry and help the Shanghai International Financial Center embark on a new journey at a higher level of energy.