On the morning of March 16th, Fudan University inaugurated the Institute for Innovative Applications in Insurance, a collaborative effort between Fudan University and China Pacific Insurance Group (CPIC). This institute aims to integrate cutting-edge research, talent cultivation, policy implementation, industry consultancy, and public information services into one entity, employing a "4+1" approach to create a novel research institution that encompasses academia, industry, research, governance, and public service.
In his address, Zhou Xiaoquan, Executive Deputy Secretary of the Shanghai Municipal Committee's Financial Work Commission, Executive Deputy Secretary of the Party Committee for Financial Work in the City, and Director of the Office for Promoting the Construction of the International Financial Center in Shanghai, emphasized that enhancing the development level of Shanghai's insurance industry and the international reinsurance center status is integral to the city's financial center construction. He expressed anticipation that the institute would better serve national strategies, explore experiences for innovative development in the insurance industry, contribute to Shanghai's economic growth by promoting technological innovation and the swift formation of new high-quality production forces, and ensure high-quality living standards for citizens, thereby facilitating more pioneering and leading achievements in Shanghai's insurance industry to bolster the construction of a financial powerhouse and a service center in Shanghai.
Qiu Xin, Party Secretary of Fudan University, highlighted the significance of the collaboration between academia and industry in establishing a pioneering force in financial and insurance research and innovation-driven development. He expressed expectations for leveraging respective strengths, enhancing collaborative innovation, and excelling in five key areas of finance, continuously producing top-notch research outcomes and innovative financial products, nurturing outstanding talents in academia and industry, and jointly establishing the Institute for Innovative Research as a benchmark leading innovation in the financial and insurance industry in Shanghai and beyond.
