Guard against the risk of non-payment of life insurance investment products will be raised reserve

Shi Li data

An authoritative source, once implemented, individual property may need more than this provision of about 1,000,000,000 yuan reserve

"Crazy" to vote even as the extent of sales of non-life insurance investment type products, risks arising from the problems caused by the regulatory authorities attach great importance to. Authoritative yesterday to the "Shanghai Securities News" exclusive reveal that the China Insurance Regulatory Commission to request the beginning of next year from the Insurance business for life insurance investment type products, non-reserve provision. Once implemented, will affect some of the Insurance Company in 2009 profits, individual companies may be more than this provision of about 1,000,000,000 yuan reserve.

The above-mentioned sources said the China Insurance Regulatory Commission over the past few days in part Insurance companies seek to "non-life insurance investment type products, actuarial requirements" (hereinafter referred to as "Regulations"), covering eight, is expected to be formally put into force next year. The match with the solvency of Insurance documents will be issued soon. "The introduction of such products will not be long, there has been no regulatory documents."

Non-life insurance investment type products, is the Insurance Company will be insured or the insurer's investment in the delivery of gold is divided into premium and savings, investment and payment of funds for the operation of the family property insurance or personal accident insurance products. An average of 4.5% to 5% of the fixed rate of return plus some insurance functions, attracted many consumers to buy a small number of Insurance companies in the radical on the issue of such products has exceeded the scale of tens of billions to a maximum of more than 30,000,000,000.

"" Out of an environment that is: With the stock market to adjust the depth, Insurance companies faced with a difficult "non-life insurance investment type products Fukui". The market's weakness against the larger backdrop of a shorter duration of non-life insurance investment type products in the face of the greater risk of loss, combined with more fixed-income products, the risk of losses by insurance companies to eat into. If the market continues weak, is likely to fall into the quagmire Licha Sun.

On the one hand, investment in Fukui, on the other hand, is the upcoming peak payment. According to informed sources disclosed to reporters, as the stock continued to fall, the decline in bond proceeds, plus regulatory authorities frequently a "briefing", part of the non-life insurance investment products since the second half of this year moratorium on the sale of one after another. However, the arrival next year of intensive pressure on the payment period is still not small, "At present, the China Insurance Regulatory Commission to declare the new products, new business department, and other basic non-approval to ensure that the peak comes Insurance payments have sufficient cash flow to cope with . "

"This is the first time the China Insurance Regulatory Commission for non-life insurance investment products, the development of actuarial requirements, including requirements for the first time this type of product reserve provision." Insurance, a company related to the person in charge to see the "requirement" The most impressive is the responsibility of reserve part descriptions. "Non-life investment-type product liability reserve duty by the risk premium reserves and investments with a responsibility to reserve two parts, respectively, the China Insurance Regulatory Commission requiring the company to set aside the two reserve duty."

The newspaper obtained from the "requirement", the reserve for the provision of two ways, the China Insurance Regulatory Commission made a hard and fast rules. "In accordance with the former" non-life insurance business reserve management (Trial) "and the details of the implementation of the provisions of the provision; provision of the latter approach is also more complex discounted cash flow method to calculate the formula."

In accordance with the above-mentioned persons, set aside reserves can not be simply interpreted as a loss, but a way of accounting treatment. "For non-life insurance investment type products, the company only in accordance with the original accrual will be reflected in its liabilities,. Once the" requirement "extraction reserves, and some non-life insurance investment products on the scale of the issue of 200 million Insurance , May have to set aside reserves of 1,000,000,000 yuan, resulting in a substantial reduction in profits next year, which will be reflected in next year's profit report. This Insurance industry, the pressure is not small. "