"Insurance xing4 bao" is the foundation of industry value

On October 11, 2016 08:07

Source: People's Daily - the People's Daily

Xiang junbo, chairman of the circ

The current insurance industry's ability to resist risk increased significantly, but individual companies in the business from "insurance xing4 bao" development philosophy, deviating from the insurance business, a potential risks. Regulators will be more in time of peace prepare for war, to prevent risk in a more prominent position

"Insurance xing4 bao" is the foundation of insurance value, which is steady and healthy development of the industry, services, the basic requirement of social economy.

Strengthen the security of this foundation, it is necessary to promote the supply side industry structural reform, improve the supply ability and quality, at the same time must firmly hold the lifeline of the development of the industry to prevent risks. Overall, the current insurance obviously improve the ability to resist risk, insurance market running stable overall health and risk control. Individual companies in the business of deviating from the "insurance xing4 bao" development philosophy, deviating from the insurance business, a potential risk of hidden dangers. In the whole "much starker choices-and graver consequences-in" period, regulators will be more in time of peace prepare for war, the risk prevention in a more prominent position.

Is a clear insurance institutions shareholding structure, clarify the relationship between affiliated enterprise, leaving no gaps and blind area; To perfect the information disclosure system, equity changes, major investment of insurance institutions and related party transactions, such as information disclosure to make mandatory provisions, give full play to the public supervision and market mechanism constraint function. For those who really like to do insurance for insurance, must not make the company become a big shareholders financing platform and cash machines, especially to build risk in with melting wall.

2 it is to guard against risk, product pricing and product deformity ability to pay attention to the combination investment and asset allocation to optimize the structure of insurance business; By continuously improving product pricing interest rate and reserve rigid constraint extraction, match the solvency, implement stricter reserve fund evaluation system of interest rate.

3 it is to pay close attention to capital operation risk, liquidity risk management, make the asset liability mismatch risk management become the norm, and comprehensively improve the level of insurance assets and liabilities management.

Four is properly disposed of insufficient solvency risk, on a regular basis in solvency assessment, early detection risk, supervise and urge the solvency not up to standard are increased by adjusting the business structure, and improve the solvency status as soon as possible.

Five is to strictly prevent cross-market, cross-regional, cross-industry transfer of risk, risk isolation firewall mechanism, especially against the insurance subsidiary risk to insurance subsidiary.

Promote the well-being of the people's livelihood, let people more the acquisition; Guard risk the bottom line, make the safety of the people's livelihood security barrier. The insurance industry, always on the road.

(our correspondent QuZheHan finishing)

The People's Daily (23 October 11, 2016)