China Insurance Regulatory Commission to universal insurance sets of regulatory adjustments to

China Insurance Regulatory Commission to universal insurance sets of regulatory adjustments to accelerate the acceleration of the transformation of the insurance industry Sina fund exposure platform: letter Phi lag false propaganda, long-term performance is lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! China Insurance Regulatory Commission recently released two consecutive new regulations, to the rapid development of universal insurance on the set of "inhibition". "To further improve the life insurance actuarial system related issues notice", "on the strengthening of personal insurance products supervision work notice" of these two new regulations to limit the short duration of product scale, promoting the insurance industry return to nature protection, emphasis on "insurance insurance name". Market participants believe that, with the escalation of the supervision of the insurance industry, the future differentiation will increase, pay attention to the protection of the large insurance companies to highlight the advantages, prior to the universal insurance "dominate the political arena" of small and medium sized insurance companies will face greater challenges. In recent years, the small and medium enterprises in the corner overtaking demands, financial based universal insurance growth rate faster, has accounted for the entire life insurance market 13. Data show that from January to July this year, mainly composed of small and medium sized insurance companies contribute new pay policyholders’ investment funds amounted to 867 billion yuan (mostly in short duration products), 764 billion 700 million yuan in 2015 over the year, an increase of 119%, far higher than the original insurance premium income growth rate of 48%. Universal insurance, high income, low security, financial management, partial short-term oriented, not only the homogenization phenomenon is serious, and the short-term long-term investment cash flow risk, increase the enterprise risk management risk, also deviated from the essence of insurance. Last year, the insurance companies in the capital market set off a high-profile placards after the tide, the CIRC for insurance funds to pay close attention to placards. GF Securities analyst Cao Hengqian pointed out that the individual small insurance companies to sell short-term high cash value products expand the pool of funds, its essence is not the pure insurance products, and more is a kind of high income financial products, equivalent to the higher cost of funds of the insurance company to expand the pool of funds business. Reporters noted that many aspects of the two new rules of CIRC personal insurance products, risk protection, universal insurance reserve assessment rate, strengthen the chief actuary responsibility made detailed provisions. Among them, including the improvement of personal insurance products risk protection level, the proportion of death insurance amount of personal insurance products main age requirements increased from 120% to 160%; the universal insurance reserve assessment rates by 0.5 percentage points to 3%, ordinary life insurance assessment rate unchanged 3.5%. The Commission also of short duration requirements than the proposed business accounted for ratio since the beginning of 2019, requirements of business accounted for in short duration shall not exceed 50%, 2020 and 2021 and further to 40% and 30%, and given 5 year buffer period, to give the market a clear expectations, to avoid "slam the brakes" form of cash flow risk. Market participants pointed out that the emphasis on the design of insurance product risk protection and long-term saving property, will promote the development of the insurance business long-term, further growth in the value of new business driven industries, for the future profits of the stable release of building space. The "regulation on相关的主题文章: