[Chen Wenhui: The personal insurance business model should be promoted from "funding-based" to "protection-based and service-based"] September 12th, at the third longevity risk and capital market solutions conference today, Chen Wenhui, former vice chairman of the China Banking and Insurance Regulatory Commission, pointed out that due to over-reliance on businesses with strong savings and investment attributes, China's life insurance industry continues to be under the pressure of asset-liability mismatch and interest rate loss risks. In 2025, the total premium of China's personal insurance industry will be approximately 4.36 trillion yuan, of which life insurance accounts for 81.5%, and health insurance and accident insurance combined account for only 18.5%. In the first half of 2026, the proportion of life insurance has further increased to 83.4%, and the proportion of health insurance and accident insurance has dropped to 16.6%. Structural differentiation continues. Even if health insurance and accident insurance operated by property and casualty insurance companies are included, the proportion of related businesses in the personal protection business in the first half of 2026 will only be 22.5%. Chen Wenhui said that the personal insurance business model should be promoted from "funding-based" to "protection-based and service-based". (Reporter Xia Shuyuan)