国家金融监督管理总局日前公布的保险业经营情况显示，今年一季度，我国保险业原保险保费收入 2.17万亿元，同比实现微增。人身险公司依旧是保险行业"主力军"，一季度，人身险保费收入达1.66万 亿元，其中寿险1.38万亿元，意外险117亿元，健康险2641亿元。但与以往"开门红"不同的是，今年人 身险公司一季度业绩表现较为疲软，人身险行业一季度保费收入同比下降约0.29%。此前稳坐非上市险 企"头把交椅"的泰康人寿一季度保险业务收入出现明显下滑。有业内人士指出，随着人身险产品预定利 率未来调降可能性增大，人身险公司未来将面临更大考验。 泰康人寿营收下滑 非上市险企榜首易主 从今年一季度人身险行业业绩来看，共3家人身险公司保险业务收入超千亿元，分别为中国人寿 3544亿元、平安人寿1738亿元、太保寿险1002亿元。位列其后的依次是中邮人寿801亿元、新华人寿732 亿元、泰康人寿700亿元、太平人寿591亿元、人保寿险530亿元、阳光人寿323亿元、友邦人寿294亿 元。 业务规模收缩 合规压力凸显 行业"洗牌"背后是业务规模的收缩。 以泰康人寿为例，从2024年年报数据来看，泰康人寿经营压力已有征兆。2024年 ...

Core Insights - The current predetermined interest rate for ordinary life insurance products in China has dropped to 1.99%, falling below the 2% threshold [1] - This marks the third consecutive reduction in the predetermined interest rate for life insurance, following decreases in January and April of this year [1] Industry Analysis - The decline in the predetermined interest rate indicates a challenging environment for the life insurance sector, potentially impacting profitability and product offerings [1] - Continuous adjustments to the interest rate reflect ongoing market pressures and regulatory changes affecting the insurance industry [1]

Core Viewpoint - The personal insurance product predetermined interest rates will be adjusted downwards for the first time since the establishment of the mechanism linking predetermined rates to market rates and dynamic adjustments [1][3][12]. Group 1: Predetermined Interest Rate Adjustments - The current research value for ordinary personal insurance products' predetermined interest rate is 1.99% [4][5]. - The maximum predetermined interest rates for various insurance products will be adjusted: ordinary insurance products to 2.0%, participating insurance products to 1.75%, and universal insurance products to a minimum guaranteed rate of 1.0% [2][12]. - Multiple insurance companies will stop accepting applications for insurance products with rates exceeding the new maximum predetermined rates starting from August 31 [3][12]. Group 2: Market Expectations and Historical Context - The adjustment of the ordinary personal insurance product predetermined interest rate was anticipated by the market, with several brokerages predicting a value below 2% [6]. - The China Insurance Industry Association previously disclosed that the research values for ordinary personal insurance products were 2.34% in January and 2.13% in April of this year [10]. Group 3: Regulatory Framework - In January, the National Financial Regulatory Administration issued a notice to establish a mechanism linking predetermined interest rates to market rates [7]. - The China Insurance Industry Association is responsible for regularly organizing meetings to assess the predetermined interest rates based on various market interest rates [8][9]. Group 4: Industry Challenges and Responses - Experts indicate that the continuous decline in mid-to-long-term interest rates and the impact of new accounting standards present new challenges for the industry [14]. - Insurance companies are encouraged to enhance market sensitivity, improve operational capabilities, and adapt to economic conditions and industry trends [14].