In 2019，China’s premium income continued to maintain a rapid growth. The growth rate of life insurance premiums was relatively stable，and the real economic capacity of insurance services was further enhanced. The China Banking and Insurance Regulatory Commission has been established for more than a year. The regulatory and industry integration effects are obvious. The insurance industry has significantly relaxed the threshold for foreign investment. The insurance industry has a multi-dimensional and accurate service for the real economy. With the gradual decline，property insurance companies have turned to non-car insurance and received widespread attention. The development of China’s insurance market in the new period will have the following characteristics：first，China’s insurance market will maintain a rapid development；second，regulators will continue to place strict control over risks；third，financial technologies such as blockchain，will have a profound impact on the development of the insurance industry；fourth，the way insurance industy serves the real economy will be more diversified in the future；fifth，the integration of insurance and banking will continue to deepen，which may also bring cross-contagion risks.