On August 21, the General Office of the National Financial Regulatory Administration issued the "Action Plan for Comprehensive Governance of Non-Auto Insurance," introducing key measures to streamline industry standards. The plan proposes optimizing insurance category classifications to establish unified criteria for product filings, business management, and statistical monitoring across the sector.

A key component involves developing cost allocation guidelines to standardize expense apportionment procedures and benchmarks for property insurers. Additionally, the framework calls for refining insurance statistical reporting systems and enhancing the indicator architecture to improve data accuracy and comparability.

The initiative accelerates system infrastructure upgrades, including enhancements to the unified reporting platform with more granular operational data monitoring metrics and standardized non-auto insurance data surveillance. The China Banking and Insurance Information Technology Management Co. will progressively advance the construction of a dedicated non-auto insurance business platform, while the Insurance Association of China will bolster the functionality of the self-registration platform for property insurers' products. The Shanghai Insurance Exchange is tasked with elevating its insurance trading service capabilities.

To strengthen data accumulation and utilization, the plan mandates aggregating end-to-end information covering underwriting, claims, and expenses, building an industry-level database spanning major insurance lines and key risk dimensions. Leveraging big data, digitalization, and intelligent technologies, the initiative seeks to implement applications such as anomaly detection, risk profiling, and premium rate retroactive analysis, providing robust data support for regulatory decision-making, product pricing, and risk management.