In recent years in China, commercial insurance agencies had directly supplied or participated in supplying diverse goods and service of commercial old-age insurance, mainly consisting of old-age risk control, pension management and old-age financial service, which make the role of commercial insurance in economic development more evident and important.

The development of commercial old-age insurance is a highly valuable and strategically important to not only the adequacy and sustainability of Chinese people’s old-age security, but also the long-standing harmony of Chinese social and economic progress.

At present, as the 12th Five-Year Plan is successfully finishing and the 13th Five-Year Plan is starting, initiated by the Pension Department of the Insurance Institute of China (IIC) and supported by Anbang Insurance Group, China Academy of Social Science (CASS) had conducted the research on the Top-Level Design and Development Strategy of Commercial Old-Age Insurance, in cooperation with so many top-class Universities in China. This is the first comprehensive research on commercial old-age insurance in China, whose result is extremely important, because in this research, more than 10 countries, USA, UK, Canada, Germany, France, Switzerland, Holland, Italy, Spain, Sweden, Finland, Japan and Korea, are covered, and all the materials are of original version, which means that the data are detailed and reliable, and the analysis is objectively made. Besides, basing on the research on commercial old-age insurance and its effect to economy and society in foreign countries, the present report proposes a series of innovative and profound opinions on the basic definition and functional position of commercial old-age insurance in the whole structure of Chinese economy and society, which can fit into China’s reality.

There are three typical characteristics concerning this book:

Firstly, commercial insurance, which is one of the key points in the strategic structure of a nation’s social and economic development, can release good effect and have huge development space in tackling population aging and promoting the development of economy and society. China’s State Council had stated that the government aims to enable modern insurance service industry to be a strong pillar of the financial system, a forceful support to the livelihood guarantee of the people, effective mechanism for innovating social governance, efficient engine to drive the economy and a powerful driver to the function transformation of government. This way, promoting the development of insurance industry by the statement of such a high level governmental document, is a precedent in the world. It is not only a historic opportunity and institutional dividends for the development of insurance industry, and it also poses the commission and responsibility of assisting China’s social-economic development in the New Normal state to insurance industry.
Secondly, the research on the top-level design and development strategy of commercial old-age insurance clearly demonstrates that the research participants see the urgency of building up a multi-tier old-age security system in this era and that they had precisely diagnosed the context of pilot policy that favors individually tax-deferred old-age insurance. It does not only provide helpful suggestion and reference to policy maker, but also constitute a valuable academic material for the researches on commercial old-age insurance and social old-age security system.
Finally, as one of the most authoritative scientific research institutions in china, China Academy of Social Science(CASS) had conducted the research on the Top-Level Design and Development Strategy of Commercial Old-Age Insurance, in cooperation with China's first class Universities — Peking University(PKU), University of International Business and Economy(UIBE), Nankai University(NKU) and Zhejiang University?ZJU?. This is the first comprehensive research on commercial old-age insurance in China, whose result is extremely important.