Core Insights - The insurance industry is facing significant challenges due to declining market interest rates and intense competition, with over 65% of institutions identifying these as primary management issues [1][2] - The industry is undergoing a deep transformation, necessitating improved risk management practices and a shift from merely identifying risks to proactive management [7][6] Group 1: Current Challenges - Market interest rates are continuously declining, impacting life insurance companies more significantly, while property insurance companies are more focused on competitive pressures [1][2] - The average predetermined interest rate for ordinary life insurance products has decreased from 1.99% to 1.90%, highlighting the low-interest environment as a major challenge for the life insurance sector [2] - The implementation of the "reporting and compliance" system has shown positive results in the life insurance and auto insurance sectors, now extending to non-auto property insurance [2] Group 2: Risk Management and Digital Transformation - The insurance industry's risk management practices are still in the early stages of digitalization and AI application, with many institutions adopting a wait-and-see approach [3] - Internal control challenges persist, particularly in property insurance companies, where issues such as inadequate management focus and outdated risk assessment methods are prevalent [3] - The need for improved compliance management tools and technological empowerment is a significant demand within the industry [3] Group 3: Strategic Responses - The life insurance sector is actively optimizing its business structure in response to the low-interest environment, with initial successes in transitioning to floating yield products [4] - The comprehensive implementation of "reporting and compliance" is pushing smaller companies to shift their competitive strategies towards risk reduction and technological empowerment [5] - Companies are encouraged to enhance their risk management frameworks, emphasizing the importance of risk management as a core competency for sustainable operations [5][6] Group 4: Recommendations for Improvement - Companies should enhance their risk identification systems using a combination of qualitative and quantitative assessments [8] - There is a need to optimize processes by shifting risk control to proactive measures during the pre- and mid-stages of operations [8] - Investment in information technology and data governance is crucial for advancing digital risk management capabilities [8]
风险管理难题 产寿险“感知不一”
Bei Jing Shang Bao·2025-11-05 07:36