利率下行、“内卷”竞争显著影响险企经营管理

Core Insights - The report by Tianzhi International highlights the current state of risk management in the insurance industry, focusing on comprehensive risk management, asset-liability management, internal control, compliance management, and the role of digitalization and artificial intelligence [2] Survey Overview - A total of 152 insurance institutions participated in the survey, covering 13 insurance groups, 72 life insurance companies, 57 property insurance companies, and 10 reinsurance companies, representing over 70% of the industry in terms of both institution count and premium scale [3] Regulatory and Environmental Outlook - Approximately 80% of insurance institutions anticipate continued tightening of regulations, while 60% perceive an increase in external environmental risks; both figures show a significant decline of over 10 percentage points compared to 2024, indicating reduced anxiety and increased confidence within the industry [3] Management Challenges - Over 65% of insurance institutions identify declining market interest rates and intense competition as the primary challenges in management; life insurance companies are particularly concerned about the impact of interest rate declines, while property insurance companies focus on competitive pressures [6] Risk Management System - More than 98% of insurance institutions believe they have established a risk management system that is either aligned with or ahead of business development; there has been notable progress among property and reinsurance companies, with enhanced confidence in risk management [9] Risk Management Challenges - Despite improvements in overall risk management capabilities, challenges remain in areas such as quantitative tools, data quality, personnel allocation, and inter-departmental collaboration; the need for optimization in risk preference systems, independent assessments, and stress testing has increased compared to the previous year [9] Asset-Liability Management - The report indicates significant overall improvement in asset-liability management within the insurance industry, although challenges differ between life and property insurance sectors; life insurance companies have seen notable reductions in challenges related to quantitative tools and personnel allocation, while property insurance companies face rising demands for improvements in model construction and data interaction mechanisms [9] Digitalization and AI Adoption - The application of digitalization and artificial intelligence in risk control and compliance within the insurance industry is still in its early stages; over 56% of institutions are taking a wait-and-see approach, with only 8% having initiated pilot projects; insurance groups are more proactive, with nearly 40% having partially implemented or are in the process of implementing digital functions [11]