可申请暂缓执行！中小险企获新保险合同会计准则“减压阀”

Core Viewpoint - The regulatory authorities have introduced measures to ease the implementation of the new insurance contract accounting standards for small and medium-sized insurance companies facing operational challenges, allowing them to postpone compliance until January 1, 2026, if necessary [2][3][6]. Group 1: Regulatory Changes - The Financial Regulatory Bureau and the Ministry of Finance issued a notification allowing non-listed insurance companies to delay the implementation of new accounting standards until January 1, 2026, if they face difficulties [2][3]. - The notification includes tailored simplifications for non-listed insurance companies to ease the transition to the new standards [2][7]. Group 2: Challenges Faced by Small and Medium-sized Insurers - Small and medium-sized insurance companies are experiencing significant challenges due to high costs associated with system upgrades, talent shortages, and historical data limitations [4][5]. - The transition to the new standards requires substantial IT support and specialized personnel, which are often lacking in smaller firms [5][9]. Group 3: Financial Impact - The new accounting standards are expected to lead to increased volatility in net profits and a decline in net assets for non-listed insurers, with revenue potentially dropping significantly due to changes in recognition standards [8][9]. - For example, bank-affiliated insurers that adopted the new standards early saw a 76% reduction in revenue and a 16% decrease in net assets in 2023 compared to the old standards [9]. Group 4: Long-term Opportunities - Despite the short-term challenges, the new standards may provide long-term opportunities for the insurance industry by promoting better product design and asset-liability management, leading to more stable operations [10]. - The new standards are expected to enhance financial transparency and improve risk management within the industry [10].