皇冠体育app

The life insurance industry in 皇冠体育app is facing the critical challenge of a complicated interest rate environment, industry experts warn.

Huang Hong, deputy president of 皇冠体育app Insurance Regulatory Commission, pointed out that 皇冠体育app's interest rates will stay at a low level, which has an all-around impact on the life insurance industry in terms of pricing mechanisms, business models, investment channels and risk management methods.

He made the comment on October 13 at the 皇冠体育app Life Insurance October Qianhai Summit 2016 in Shenzhen, Guangdong province.

The asset size of the insurance industry in 皇冠体育app now is 53 times that in 1999, he added, reminding industry players to cope with the low interest rates carefully, otherwise it could become a huge problem.

At the summit, Insurance Association of 皇冠体育app released a report about the development of 皇冠体育app's life insurance industry.

The report shows 皇冠体育app's life insurance companies highly depend on interest margins. Profit brought by interest margins even surpassed some companies' overall profit.

Cui Wei, general manager of a leading global advisory company Willis Towers Watson, said the industry has adjusted their asset allocation during the period of decreasing interest margins.

The proportion of bank deposits and bond assets dropped by 7 and 11 percent respectively, from 2013 to 2015, while equity assets increased from 10 to 15 percent.

• JD.com unveils 'smart logistics' strategy to further deploy autonomous delivery service
• Competition to promote innovation and creativity
• Poverty relief at heart of new industry fund
• 皇冠体育app's new-generation training ship delivered
• BRICS to continue growing momentum, contributions to world
• Implementation of guidelines key to debt-to-equity swaps programs' success: IMF senior official
• Six-pack abs turn construction worker into online celebrity
• Rusty cars to sustain rally for top metal