Guidelines on Insurance Industry Social Responsibility

China Current 2015

The “opinion” points to establish the concept of social responsibility:
1 Serving the overall situation of economic and social development;
2 Enhance the management performance, to achieve economic and social benefits and win-win;
3 Promote innovation integration and development, the construction of open sharing harmonious society;
4 Adhere to the thinking of the development of green, environmental protection of ecological civilization construction, including developing green insuance product;
5 Planning of social responsibility, and improve the system of social responsibility work; to strengthen the industry and outside cooperation; complie annual CSR report in accordance with relevant guidance and publish by April 30 of next year
6 Improve effectiveness of social responsibility management.
Specific measures:
1 Improve enterprise management;
2 Reduce operating costs, improve input and output levels;
3 Continue to create value for shareholders, customers and society,
4 Enhance the competitiveness of the insurance industry in the financial market. Integrate social responsibility indicators into R&D to provide products and services with social benefits.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

All organizations - insurance companies, insurance asset management companies, insurance agnecies, insurance industry association, The Insurance Institute of China, China Insurance Security Fund Co., Ltd, China Insurance Information Technic Management Co., Ltd

Issuer type

Financial Regulators

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners