MINTAIAN collaborates with the School of Finance at Nankai University and other institutions to jointly hold the "Innovation and Development Forum on Insurance Technology and Risk Reduction Managemen

In order to further explore risk reduction services and insurance technology innovation, and jointly create a resilient world, Shenzhen Citizen Tai'an Risk Management Research Institute, together with Nankai University School of Finance, Nankai University Disaster Risk and Catastrophe Insurance Research Center, Molecular Laboratory, and Renhe Research Institute, jointly launched the "Innovation and Development Forum on Insurance Technology and Risk Reduction Management".

On December 9, 2023, the first session of the forum was successfully held at the School of Finance, Nankai University. The forum was organized by the School of Finance of Nankai University and the Research Center for Disaster Risk Management and Catastrophe Insurance of Nankai University. More than 100 experts, teachers and students from Nankai University, PICC Property and Casualty Insurance Co., Ltd., China Pacific Property and Casualty Insurance Co., Ltd., China Emergency Management Society, Swiss Reinsurance, and other units participated in the forum.

Dr. Xu Yao, Executive Director of Shenzhen Citizen Tai'an Risk Management Research Institute and Secretary General of Shenzhen Emergency Management Society, gave a report on "Risk Reduction Governance in the Insurance Industry from the Perspective of Public Safety" at the forum. He believes that from the perspective of public safety, there is a shift from "event emergency management" to "risk centered governance" in the four fields of natural disasters, social security, production safety, and public health. This macro structural change is a response to the increasing extreme weather caused by climate change, as well as the intensification, accumulation, and spread of various risks caused by contemporary industrialization, urbanization, informatization, and other factors in China; The insurance industry should position its functions and boundaries in the macro structure of national governance from the perspective of overall safety, and transform from risk equal management to risk reduction management; At the same time, it is necessary to handle a series of challenges faced during the transformation process, such as risk measurement, cost accounting, accountability dilemma, and lack of motivation. Through systematic mechanism construction and continuous optimization, the insurance industry can truly achieve risk reduction.

It is reported that in the past two years, MINTAIAN has made efforts to benchmark national emergency management, shifting from a "event centered" to a "risk centered" trend. It has specially established a safety production service team with registered safety engineers as the main body, cultivated a consulting team with natural disaster risk prevention as the main attack direction, and deeply cooperated with research institutions such as Nankai University, Beijing Normal University, and Shenzhen Emergency Management Society to jointly innovate risk management mechanisms and models. Through technology empowerment of innovative service products and models, it has provided services such as hidden danger investigation, disaster prevention and loss prevention, emergency drills, and mechanism innovation consulting in many parts of the country, which have been widely recognized and praised. MINTAIAN will continue to explore and optimize the service model of "insurance+technology+emergency", serving the construction of national public safety in a market-oriented manner, and fulfilling the mission of "serving the people's peace and health".