In 2014，the insurance market in China appears a good development trend，property insurance grows steadily，personal insurance grows quickly，and the insurance funds yield a 5-year high.

The year of 2014 is a key year to the transformation and upgrading of Chinese insurance market. In this year，The State Council issued an executive order which called Opinions of the State Council on Accelerating the Development of Modern Insurance Industry（New No.10 Order）which provided new opportunities for rapid development and transformation and upgrading of insurance；the construction of China Risk Oriented Solvency System（C-ROSS）advances swiftly and orderly with remarkable results.

CIRC continues to advance the market reform—“release front-end，manage rear-end”. In the aspect of funds，the work gravity will adjust from “open channel” to “supervise risk”. In the aspect of market access and exit，the takeover and merger policy of insurance corporate will have important adjustment，relax insurance equity acquisition sources and shareholders qualification moderately and no longer ban peer acquisition；strengthen the supervision of insurance group and non-insurance subsidiary belonging to insurance company and prevent the risk from transmitting cross-industry and cross-field.

In 2015，CIRC will continue to propel market reform，promote New No.10 Order to implement，repel the construction of C-ROSS rapidly and concern highly about the risk of insurance funds.