保险业面临多项挑战，肖远企最新发声！

Core Viewpoint - The global insurance industry is currently facing several challenges, including interest rate risk management, climate change, artificial intelligence application, the evolving business models of insurance companies, and the increasing correlation with non-bank financial assets [1][2]. Group 1: Interest Rate Risk Management - Interest rate fluctuations have become a norm, with historical trends showing that rates are constantly adjusting due to factors like economic growth and inflation. There is no long-term, one-sided interest rate that perfectly matches long-duration insurance assets and liabilities [1]. - Prior to 2022, many countries experienced a prolonged low-interest-rate environment, leading insurance companies to manage risks under a one-sided downward trend. However, since 2022, the Federal Reserve has raised interest rates significantly from 0%-0.25% to a range of 5.25%-5.5% in 11 increments, causing increased volatility in global interest rates [2]. - Insurance companies must dynamically adjust their asset-liability structures to lower costs and improve returns, but adjusting liabilities is more challenging than adjusting assets [2]. Group 2: Climate Change Impact - Climate change poses multiple challenges for the insurance sector, requiring recalibration of actuarial assumptions and re-pricing of coverage amounts and investment assets, which necessitates extensive data accumulation and model optimization [2]. - There is a risk of reduced supply in the insurance market, leading to imbalances in supply and demand, and potentially increasing reliance on the reinsurance market for risk diversification [2]. Group 3: Artificial Intelligence and Business Models - The application of artificial intelligence is expected to significantly expand the potential production boundaries of the insurance sector, leading to overall growth in the financial industry and better resource allocation [3]. - The correlation between insurance investments and non-bank financial assets is increasing, raising concerns about credit risk as insurance companies invest in private credit to improve their asset-liability structures [3]. Group 4: Regulatory Focus on Business Models - The sustainability assessment of insurance company business models should be a regulatory priority. Existing global insurance regulations have established a comprehensive framework, but the evaluation of business models has not received adequate attention [4]. - Key aspects for assessing business model sustainability include company strategy, balance sheet analysis, internal and external resource support, and adaptability [4]. Group 5: International Cooperation - The importance of international cooperation among policymakers and the global community is emphasized, particularly in implementing insurance capital standards and addressing structural changes in the life insurance industry [5].