On September 14, the China Insurance Industry Development Roundtable Forum, sponsored by the China Insurance and Social Security Research Center (CCISSR) of Peking University, and the China Insurance Industry Development Report 2016 book launch ceremony was held at SEPKU. The China Insurance Industry Development Report 2016 is the fifth of the series China Insurance Industry Development Report, which is chaired by Prof. Sun Qixiang and part of Philosophy and Social Sciences Series Development Report, project approved by the Ministry of Education officially. Guests from Peking University, Tsinghua University, the Insurance Institute of China and other institutes attended the book launch ceremony.

Yao Qinghai, President of China Insurance Institute, fully affirmed the achievements of SEPKU Department of Risk Management and Insurance, and CCISSR in insurance theory research. Yao pointed out that the insurance industry is an important industry to drive economic growth in the future. However, the insurance industry is facing a shortage of insurance personnel and insurance, industry restructuring and other issues. To implement industry reform we need to pay more attention to insurance education and supply side reform. The development of insurance industry is inseparable from the close cooperation of political research, so Yao hoped that an effective cooperation mechanism among participating parties can be established.

Professor Tuo Guozhu from Capital University of Economics and Business, spoke highly of the China Insurance Industry Development Report. He insisted that the publication of China Insurance Industry Development Report was a very important contribution to the development of China`s insurance industry.

Professor Wang Xujin, director of the Insurance Department of Beijing Technology and Business University, said that every time he attended the book presentation of the China Insurance Industry Development Report, he could see a lot of new data and new views. He affirmed the results of the research group. Professor Wang also said that the cultivation of insurance industry talent is very important, excellent talents are conducive to the healthy development of the insurance market and efficient management of funds.

Researcher Guo Jinlong, Assistant Director of the Institute of Financial Research, Chinese Academy of Social Sciences, thanked the China Insurance Industry Development Report group for providing a platform for exchange among experts and scholars. He pointed out that the insurance industry should vigorously develop ordinary life insurance products, improve product innovation capability, and regulators should introduce complementary measures to monitor the maturity matching and asset allocation for universal insurance premium income.

Professor Chen Bingzheng, Director of China Insurance and Risk Management Research Center of Tsinghua University, highly praised the rigorous writing of the research group and hoped that the preparation of the series of China Insurance Industry Development Report could continue and become an important part of the development of China`s insurance industry. He believed that we cannot be blindly optimistic for the future development of the insurance industry and premium growth, and the expected high insurance industry growth may not be achieved because of the downturn in the capital market.

Finally, Professor Sun Qixiang, Dean of SEPKU, Director of Insurance and Social Security Research Center of PKU, and Editor-in-Chief of China Insurance Industry Development Report 2016, made a concluding speech on this roundtable forum and new book conference. She expressed her appreciation to the experts for the highly praise of China Insurance Industry Development Report 2016, she believed that the writing of the series of books cannot be separated from the community`s support, trust and help. Professor Sun pointed out that through the roundtable forum, experts and scholars can collide with thoughts, and explore the hot issues encountered in the development process of insurance industry. In the development process China insurance industry need to make clear the structure of one cornerstone, three pillars and three main bodies. Only never forget the beginning of heart can we understand the nature of insurance correctly, and calmly face the impacts.

At last, Professor Sun expressed her gratitude to the China Insurance Regulatory Commission, the China Insurance Association, the Social Science Department of the Ministry of Education, the Editorial Board and the Peking University Press. She also expressed that the 2017 development report will continue to draw on everyone`s suggestions, improve constantly and strive to come up with more outstanding results.