China Insurance Regulatory Commission issued a document to prevent and control the risk of short-ter superrecovery

China Insurance Regulatory Commission issued a document to prevent and control the risk of short-term financial insurance welcome to tighten the exposure of the Sina fund platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! Beijing daily news (reporter Cui Qibin Xu Chenhui) in order to guarantee the short-term financial model of insurance risk exposure, China Insurance Regulatory Commission yesterday issued a "Chinese Commission on further improving the notice related matters of personal insurance actuarial system" (hereinafter referred to as the "notice"), the radical pricing and high settlement rate limits, five in the short-term financial risk scale below 30%. Specifically, the CIRC to further reduce the short duration of business scale, requirement for this kind of business accounting put forward definite proportion, since the beginning of 2019, in short duration business accounted for no more than 50%, 2020 and 2021 and further to 40% and 30%, guide insurance companies to gradually adjust the business structure, to avoid "the brakes, the formation of cash flow risk. Short term deposit insurance is more than a short period of time, the expected rate of return of higher financial insurance. It is understood that in recent years, after the life insurance reform, the short deposit renewal insurance products continued rapid development. However, due to the differences in the development strategy and the management level of individual companies, the business structure is single and the assets and liabilities are not matched. China Insurance Regulatory Commission pointed out that the next short deposit renewal, universal insurance and other products, but also to further promote the insurance company to adjust the structure, turn way, to prevent major shareholders of the insurance company into a financing platform. In the universal insurance business management, the notice requires insurance companies to set up a single universal insurance accounting system, a separate management of universal account. In product design, the notice also requires the insurance company shall not be life insurance, annuity insurance, nursing insurance products designed to shorten the short renewal. Pacific Life chief actuary Chen Xiujuan analysis, "universal insurance is accounted for separately, the CIRC new regulations to further strengthen the universal insurance settlement rate evaluation and reserve management, the insurance company can further improve the performance ability, to prevent vicious competition; for a health insurance company by the name of the insurance sales in nursing short duration, the new regulations also clearly will be banned". The concern is that investment linked insurance will be included in the short duration range of products do not meet the requirements of all the sale of insurance products in April 1st next year. In this regard, Haitong Securities analyst Sun Ting believes that the impact of the size limit and settlement interest rates decline, the size of the short deposit renewal product will be significantly lower next year. Start next year, industry premium and investment scale will decline. However, the impact of the regulation of listed insurance companies is small, strengthen the competitive advantage of large companies, personal insurance liability costs will gradually fall, is conducive to the healthy development of the industry". Enter the Sina financial stocks] discussion相关的主题文章:

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