Yesterday, the one-year time deposit interest rates 3.60 percent from 1.08 percent decline to 2.52 percent, and 2.5 percent of life is scheduled only difference between the interest rates 0.02 percentage points. The industry that if the central bank to cut interest rates for the insured, the insurance means that the savings will be more attractive than that. However, insurance companies, may be hidden Licha Sun, insurance companies have to consider the adoption fee to make up for the poor, some insurance companies may consider some of the old moratorium on the sale of insurance products, and a new push to re-pricing of the product The new product is scheduled to interest rates may be lower than the 2.5 percent ceiling.
Risk capital investment income will decline
The main insurance funds for stock market investment funds, large agreement bond and bank deposits, the central bank to cut interest rates sharply on the impact of different investment channels are different. The stock market, after the rate cut will help alleviate the financial burden on enterprises, constitutes a good part of the listed companies at the same time contribute to the increase in the risk capital fund to invest in the stock market gains; large bank deposit agreement, the interest rate will reduce this part of the investment income Lower; the bond market, despite the rate cut helped push bond prices, but the current 10-year Treasury yield fell to 3% of the market ahead of time to digest is expected to cut interest rates, bond yields in the future there may be lower.
China Life Insurance Guangdong Branch official said, the rate cut is more a test of the assets of insurance companies in the future ability to match the current economic downturn is bottoming out yet, the insurance company to take care of a conservative investment strategy, insurance and capital gains is therefore likely to decline .
Risk greater pressure on small and medium-sized enterprises
It is understood that the short-term insurance products from the major spreads, with the risk of decline in capital investment income, insurance companies, financial operations and financial solvency will be faced with even greater challenge.
"If you continue to cut interest rates, insurance companies may be hidden Licha Sun, in particular for small and medium-sized insurance companies, faced with the pressure even more. Some insurance companies may have to consider the adoption of internal digestion, such as the poor through fees, to increase investment To make up for that addition, life insurance is scheduled to set interest rates only 2.5 percent of the maximum standard in life insurance rates, the possible future of the old moratorium on the sale of life insurance policies, and a rate below 2.5 percent The new products. Insurance companies in this regard to the re-pricing of life insurance products in space, of course, at the same time customers will face the problem of how to accept. "These sources said.
Central University of Finance and Economics president of the Insurance Institute Professor Hao Yansu said Li Chasun investment income is less than a life policy is scheduled to interest rates, unreasonable product structure, the ability to match assets of the poor is Licha Sun have a deep-seated reasons.
Dividends received by the market concerned about the dangerous
Even voted in the risk has shrunk dramatically, universal insurance settlement steadily lowered interest rates, investment-insurance premium income began to decline in dividends by the insurance market concern.
A state-owned insurance companies said, "to be implemented the provisions of the new accounting standards, universal insurance, investment and even insurance premiums will not be included in the scale, it would be the high-risk market have a significant impact on the status quo, insurance companies generally will be carried out ahead of time Preventive ready, as the dividends would not be affected risk, market focus will shift to re-dividend risk. Second, the dividend risk and risk everything in a similar operation, the scope of investment products closer to the capital, in the capital market uncertainty , Universal insurance settlement will lower interest rates in response to the era of low interest rates, dividends and risk in the form of the product portfolio on more flexible. "
However, some have pointed out that in the era of low interest rates, dividends and the risk of further decline in investment income, insurance companies should avoid too much emphasis on the dividends of investment risk management function, but should focus more on its security features, it is also responsible for the customer.
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