夯实“报行合一” 推动人身险产品科学合理定价

Core Viewpoint - The release of the "Guidelines for Expense Allocation of Life Insurance Products" aims to enhance the scientific and rational allocation of expenses in life insurance product pricing, aligning with the "reporting and operation integration" policy [1][2]. Group 1: Background of the Guidelines - The guidelines were introduced in response to increasing demands for expense allocation in life insurance pricing, evaluation, and management, particularly since the implementation of the "reporting and operation integration" policy in 2023 [1]. - The guidelines are designed to improve the scientific and rational nature of expense allocation, thereby enhancing market order in the life insurance sector [1]. Group 2: Main Content of the Guidelines - The guidelines define and categorize expenses into variable and fixed expenses, with variable expenses further divided into those paid to intermediaries or sales personnel and other variable expenses [1]. - The guidelines specify the scope of expense allocation based on the nature and cause of expenses [1]. - The guidelines outline methods for expense collection, recognition, and allocation, emphasizing a principle of "recognition first, allocation later" to ensure a scientific and rational approach [1]. Group 3: Impact on the Industry - The guidelines provide scientific guidance for expense allocation in the life insurance industry, enhancing the rationality of pricing and promoting better implementation of the "reporting and operation integration" policy [2]. - The guidelines are expected to improve expense management levels within insurance companies, leading to refined management practices, increased operational efficiency, and optimized resource allocation [2]. Group 4: Future Work Arrangements - The China Actuarial Association plans to conduct industry training to raise awareness of the importance of refined expense management and improve expense management levels among insurance companies [3]. - The association will continue to monitor and research expense allocation and management practices within the industry to promote fair competition and high-quality development [3].