保险资管两大命题！中再资产董事长李巍发声，谈三重思考

Core Viewpoint - The insurance asset management industry must navigate a "low interest rate, high volatility" environment to achieve stable and sustainable investment returns, aligning with the long-term nature of liabilities and rigid costs [1] Group 1: Long-term Perspective and Strategic Adaptation - The insurance asset management sector should adopt a long-term perspective, maintaining strategic determination and an open mindset to adapt to changes, thereby fostering value with patience and keen insight [3] - The industry faces significant pressures and challenges, particularly in adapting to macroeconomic transformations and evolving wealth management landscapes [5] Group 2: Development Drivers and Strategic Positioning - Three main drivers of insurance asset management development are identified: the transition to high-quality economic growth, the strengthening of industry functions, and the evolution of wealth management patterns [5] - The insurance sector is at a strategic window for transformation, with opportunities arising from national service needs and the evolving competitive landscape in asset management [5] Group 3: Industry Trends and Challenges - The asset management market is undergoing significant changes characterized by four trends: alignment with national strategic layouts, structural changes in market logic, the rise of artificial intelligence as a key investment theme, and systematic adjustments in asset allocation [6] - The industry must balance "guarding the fundamentals" with "innovation," focusing on enhancing value creation capabilities and adapting to new financing paradigms in the real economy [7] Group 4: Implementation of Strategies - To implement strategies effectively, the insurance asset management sector should enhance dynamic allocation capabilities, transition from static to strategy-driven asset allocation, and improve active management to capture alpha returns [8] - A systematic approach is necessary to support strategy execution, emphasizing the importance of economic fundamentals in shaping market opportunities and adjusting business strategies accordingly [8] Group 5: Expansion of Third-party Business - The insurance asset management sector aims to expand third-party business by leveraging core capabilities developed through insurance fund services, creating customized investment strategies to meet diverse client needs [9] - Future offerings will include highly tailored, flexible investment solutions rather than just single products, targeting various institutional clients such as banks, enterprises, and pension funds [9]