What Is Insurance Asset Management?

An insurance asset management company refers to a financial institution that is registered and entrusted to manage insurance funds in accordance with the law with the approval of the China Insurance Regulatory Commission and relevant departments. In essence, an insurance asset management company refers to the asset management organization of a major shareholder or parent company as an insurance company, that is, the insurance asset management organization.

Insurance Asset Management Company

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An insurance asset management company refers to a financial institution that is registered and entrusted to manage insurance funds in accordance with the law with the approval of the China Insurance Regulatory Commission and relevant departments. In essence, an insurance asset management company refers to the asset management organization of a major shareholder or parent company as an insurance company, that is, the insurance asset management organization.

Chinese name

Insurance Asset Management Company

I. Classification and definition of insurance assets

The insurance company's investment assets (excluding assets in independent accounts) are divided into five major categories of assets: liquid assets, fixed income assets, equity assets, real estate assets and other financial assets. (For specific varieties, please see the attachment)

(1) Liquid assets. Liquid assets refer to assets in cash and deposits that can be used for payment at any time, as well as assets with short maturity, strong liquidity, easy to convert to a certain amount of cash, and less risk of value changes.

(2) Fixed income assets. Fixed-income assets refer to assets with a clear maturity date, interest and principal repayment in accordance with predetermined interest rates and forms, and assets whose main value depends on changes in the value of the aforementioned assets.

(3) Equity assets. Equity assets include listed equity assets and unlisted equity assets.

Listed equity assets refer to the ownership certificate representing the equity of the enterprise or other residual income rights that are publicly traded on a stock exchange or a financial asset trading venue (collectively referred to as an exchange) in accordance with national laws and regulations, and the main value depends on the above Assets whose value changes.

Unlisted equity assets refer to the equity or other residual income rights of enterprises that have been established and registered in accordance with the law and are not publicly listed on the exchange, and assets whose main value depends on changes in the value of the aforementioned assets.

( 4) Real estate assets. Real estate assets refer to the land, buildings, and other fixtures attached to the land that are purchased or invested, as well as assets whose main value depends on changes in the value of the aforementioned assets.

(5) Other financial assets. Other financial assets refer to other investable assets that have significant differences in risk-return characteristics, liquidity status, etc. from each of the above asset classes and are not classified in the above-mentioned major categories.

2. Establishing a large-scale asset supervision ratio

In order to prevent systemic risks, the insurance company shall set a ceiling ratio on the use of insurance funds for all types of assets allocated by insurance companies.

(1) The book balance of investment equity assets shall not exceed 30% of the total assets of the company at the end of the previous quarter, and the book balance of significant equity investments shall not exceed the company's net assets at the end of the previous quarter. The book balance does not include the equity of insurance companies invested by the insurance company with its own funds.

(2) The total book balance of the investment in real estate assets shall not exceed 30% of the total assets of the company at the end of the previous quarter. The book balance does not include self-use real estate purchased by insurance companies.

The book balance of the insurance company's purchase of self-use real estate is not higher than 50% of the company's net assets at the end of the previous quarter.

(3) The book balance of investing in other financial assets should not exceed 25% of the company's total assets at the end of the previous quarter.

(4) The balance of overseas investment shall not exceed 15% of the total assets of the company at the end of the previous quarter.