保险业利率难题怎么破？陈文辉：行业数字化转型要有紧迫感

Core Insights - The life insurance industry is accelerating its search for solutions amid increasing interest rate volatility, with a focus on long-term insurance business as a core advantage to address aging challenges [1] - Digital transformation and AI application are seen as key to enhancing competitiveness and addressing future challenges, with 2025 identified as a critical turning point for life insurance companies [1] Group 1: Industry Challenges and Responses - The life insurance sector is significantly affected by interest rate fluctuations, where rising rates can lead to mass withdrawals and liquidity issues, while falling rates pose risks related to interest spread losses [1] - Companies are encouraged to address challenges from both liability and asset sides, as well as the "three spreads" (death spread, expense spread, interest spread), rather than relying solely on investment strategies [1] - The industry is exploring high-quality development as a core direction, with a focus on a multi-layered protection system and differentiated operations among institutions [2] Group 2: Strategic Initiatives - HSBC Life is shifting its product structure towards floating income types as a response to the low interest rate environment, with a significant portion of new policies now in dividend insurance [2] - The company is enhancing its asset capabilities and diversifying investments into private equity, trust plans, and real estate funds, while also exploring new areas like REITs and overseas investments to mitigate risks and enhance returns [2] - The industry is increasingly recognizing the importance of technology empowerment and ecosystem building as key drivers for resilient growth in the face of challenges [2]