明确监管指标和指标阈值！保险公司资产负债管理办法征求意见

Core Viewpoint - The Financial Regulatory Bureau is seeking public opinion on the draft "Insurance Company Asset-Liability Management Measures" to enhance asset-liability management capabilities and regulatory oversight in the insurance industry [1]. Group 1: Asset-Liability Management Goals and Principles - Insurance companies must assume primary responsibility for asset-liability management, adhering to principles of comprehensive coverage, reasonable matching, prudent stability, and coordinated management to effectively prevent asset-liability mismatch risks [5]. Group 2: Governance Structure - The governance structure for asset-liability management should include a board of directors with ultimate responsibility, senior management leading directly, and a coordinating department for asset-liability management, with functional departments collaborating and internal audit overseeing [5]. Group 3: Policies and Procedures - Insurance companies are required to develop asset-liability management plans that enhance linkage across business planning, product development, pricing, insurance management, asset allocation policies, and major investments, including conducting stress tests and back-testing [5]. Group 4: Regulatory and Monitoring Indicators - New regulatory indicators will be established, including effective duration gap, comprehensive investment yield coverage ratio, net investment yield coverage ratio, and liquidity coverage ratio under stress scenarios, with clear threshold values [7]. Group 5: Supervision and Management - The measures will enhance supervision by clarifying information reporting, third-party audits, and capability assessments, allowing regulators to take necessary actions or impose administrative penalties as needed [5][7]. Group 6: Changes Compared to Previous Regulations - The new measures integrate previous regulations into a more complete regulatory framework, addressing the evolving external environment and internal conditions of the insurance industry, with new accounting standards set to be implemented by 2026 [6].