这一指标四连降 人身险产品定价怎么走？

Core Viewpoint - The key indicator for pricing life insurance products, the predetermined interest rate, has been updated to 1.89% as of January 20, reflecting a downward trend in the insurance industry [1][2]. Group 1: Predetermined Interest Rate Updates - The China Insurance Industry Association has held five meetings since the establishment of the dynamic adjustment mechanism for predetermined interest rates, with the latest value showing a decline from previous values of 2.34%, 2.13%, 1.99%, and 1.90% [2]. - The current maximum predetermined interest rates are set at 2.0% for ordinary life insurance products, 1.75% for participating insurance products, and 1.0% for universal insurance products [2]. - The recent adjustment in the predetermined interest rate has not triggered the adjustment mechanism, as the current rates do not exceed the threshold for necessary changes [2]. Group 2: Influencing Factors - The recent decline in the predetermined interest rate is primarily influenced by the stability of the Loan Prime Rate (LPR), which has not changed for eight consecutive months, as well as fluctuations in fixed deposit rates and 10-year government bond yields [2][3]. - The predetermined interest rate serves as a core indicator for pricing life insurance products and is used by regulatory authorities to manage industry risk related to interest rate spreads [3].