China Insurance Regulatory Commission to strengthen the regulatory requirements of universal insuran coinwatch

China Insurance Regulatory Commission to strengthen the supervision of universal insurance requirements to establish a separate accounting system Sina fund exposure platform: letter Phi lag behind 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! Guangzhou daily news (reporter Zhou Hui) yesterday, the official website of the CIRC issued new regulations "personal insurance clauses and rates of management measures" (hereinafter referred to as the "measures"), require the insurance company to universal insurance to establish a separate accounting system, separate management universal account; cut down at the same time universal insurance reserve assessment rates, and in short renewal business accounted for the proportion of. China Insurance Regulatory Commission pointed out that the measures to improve the level of risk protection of life insurance products. In the lowest proportion of life insurance premium rate market reform, the insurance amount and premium account or value requirements increased from 105% to 120%, the proportion will further death insurance amount of personal insurance products main age requirements increased from 120% to 160%, the risk of security requirements exceeds the requirements of main countries and regions of the world insurance supervision department. In addition, the approach also lowered universal insurance liability reserve interest rate. According to the market interest rates down, the universal insurance reserve assessment rates by 0.5 percentage points to 3%, higher than the interest rate cap of the assessment of personal insurance products submitted to the CIRC for approval China, prevent the spread risk, and enhance the ability of insurance companies to fulfill its contractual obligations. At the same time, in order to encourage the development of risk protection business, ordinary life insurance products to maintain interest rates unchanged at 3.5%. The effective release of industry vitality in the company of short duration for business, since the beginning of 2019 short duration business accounted for no more than 50%, 2020 and 2021 and further to 40% and 30%, leading some insurance companies to gradually adjust the business structure, to avoid the formation of cash flow risk. Specify the scope of the investment linked insurance products into short duration product requirements, loan ratio shall not be higher than the cash value or the account value of 80%, a separate evaluation of additional universal insurance and additional investment linked insurance, to prevent insurance companies through investment linked insurance, insurance, loans and other ways to avoid additional risks in short duration product supervision policy. Insiders pointed out that the approach will effectively release the vitality of the development of the industry. Through the product development and design right back to the market, shorten the product from the development to the market cycle, give full play to the insurance company’s business autonomy, further emancipate and develop the life insurance productivity. In addition, the real needs of consumers docking to promote the development of differentiated products. China Insurance Regulatory Commission official pointed out that with the rapid development of the insurance market, the main body of life insurance product development is increasingly diverse, product development and management work has also been a number of new situations and new problems. First, many types of products to meet the real needs of consumers less. Two homogenization products, differentiation, personalized products less. Three is a record number of products, there are fewer production capacity. Based on this, in order to strengthen the supervision of life insurance products, regulate product development and design, product risk prevention, and further promote the theory of personal protection相关的主题文章: