In the year 2018，China’s insurance market became the world’s second largest insurance market and maintained a steady growth trend. Under the rigorous supervision background，the structural adjusted development of the insurance industry，especially in the life insurance industry，has achieved a initial success. The solvency and risk prevention capabilities of insurance companies have steadily increased，and the ability of the insurance industry to serve the real economy has increased significantly. In this year，the China Banking and Insurance Regulatory Commission was established，and insurance regulation and supervision entered a new era. The solvency supervision system has been continuously improved，the asset-liability management supervision system has been initially established，the industry’s major risk was disposal，commercial vehicle fee reform，and insurance innovations such as “xianghubao” have been widely concerned by the regulatory authorities，the industry and the public. The year 2019 is the 70th anniversary of the founding of the PRC. It is the 40th anniversary of the resumption of the insurance industry. It is also a crucial year for China to implement the 13th Five-Year Plan and build a well-off society in an all-round way. Under the guidance of the high-quality development goals set forth in the report of the 19th the Communist Party of China National Congress，in the next few years，the insurance industry will combine with new technologies such as the Internet and artificial intelligence to maintain steady growth. Under the new regulatory environment after the merger of the CBRC and CIRC，the prevention of systemic risks will remain the focus of regulatory work in a certain time. In the new era，China’s insurance industry will further support the development of the real economy through the innovation in product，service and insurance fund investment，and serve the national strategy to help build a comprehensive well-off society in 2020.