金融监管总局拟设多项监管指标完善险企资产负债管理 引导保险公司长期经营 培育耐心资本

Core Viewpoint - The Financial Regulatory Administration has publicly solicited opinions on the draft "Asset-Liability Management Measures for Insurance Companies," which aims to enhance the asset-liability management framework and regulatory indicators in the insurance industry [1][2]. Group 1: Regulatory Framework - The draft measures establish key regulatory indicators such as effective duration gap, comprehensive investment income coverage ratio, net investment income coverage ratio, idle funds coverage ratio, and liquidity coverage ratio under stress scenarios [1]. - Since 2018, the regulatory authorities have issued several rules to build a regulatory framework for asset-liability management tailored to the characteristics of the domestic insurance industry [1]. Group 2: Regulatory Indicators and Monitoring - The draft measures incorporate new accounting standards and solvency rules, setting thresholds for asset-liability regulatory indicators and introducing additional monitoring indicators with differentiated warning zones [2]. - The net investment income coverage ratio is included as a regulatory indicator for life insurance companies, reflecting the stability of investment income relative to guaranteed benefits owed to clients [2]. - The Financial Regulatory Administration emphasizes that companies failing to meet the established thresholds will face regulatory actions, and the calculation methods for these indicators have been optimized [2].