It is my greatest pleasure, on behalf of the Organizing Committee to welcome you to attend the 3rd Health Insurance Innovation Congress & Awards China 2019, to be held in Shanghai, China during April 24-25th.
China's commercial health insurance market is a huge blue ocean market with high growth and high potential. In the first half of 2018, the original insurance premium income of health insurance was 301.945 billion Yuan, up 15.44% over the same period last year. According to the latest data disclosed by the CBIRC, from January to September this year, the original insurance premium income of health insurance business was 433.701 billion Yuan, with an increase of 21.04% over the same period last year. Industry insiders estimate that the size of the commercial health insurance market will exceed 1 trillion Yuan in 2020. However, corresponding to the high growth rate and potential, the overall scale is small, the penetration rate is low, and the profitability of insurance companies is unstable. Generally, the overall development is still at the basic level. There is still a big gap compared with international mature markets.
At present, while the product homogeneity of insurance companies is serious, the ties between insurance companies and related industries such as medical service institutions and health management service institutions are still not close. The "product + payment + service" industrial chain ecological circle has not yet been formed. At the same time, because of the lack of medical and health experience data, the development and pricing capabilities of commercial health insurance products are limited. The development of risk identification, evaluation and control technology has also been greatly restricted. How to connect the insurance company with the social medical security system, how to deeply intervene in medical institutions to achieve effective cost control, how to participate in health management, how to deepen the health industry, how to apply advanced technology, optimize their own services, and ultimately achieve a breakthrough in their own mode, are the urgent problems to be solved in the industry.
The congress in Shanghai aims to bring together local and international professionals to address cutting-edge issues and emerging trends which affect and even lead the health insurance industry. This conference is a "must-attend" for anyone who wants to stay current and on top of industry trends and developments. It will offer you a comprehensive coverage of the innovations happening around and will happen in the coming years in China and worldwide. Meanwhile, for those who are keen to find new investment opportunities or strengthen their presence in the China’s market, our two-day event will also provide a cozy platform to meet your future partner.
I am looking forward to meeting you in Shanghai!
Organizing Committee of 3rd Health Insurance Innovation Congress & Awards China 2019