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CN NAFR to Guide Industry to Timely Reduce Predetermined Rates of Life Insurance Products
Recommend 47 Positive 74 Negative 28 |
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Yin Jiang'ao, the person in charge of the Property and Casualty Insurance Supervision Department of the National Administration of Financial Regulation (NAFR), said at the press conference that interest rate management is the top priority of the operation and management of insurance companies, especially life insurance companies, and that the industry should be guided to adjust downward the predetermined interest rates of life insurance products in a timely manner, while setting up a mechanism for linking the predetermined interest rate to the market interest rate and for dynamic adjustments. At the same time, Yin continued, the transmission of asset-side yields will be accelerated toward the cost of funding rate of liabilities to make assets and liabilities more compatible, in a bid to strengthen the rigid constraints of investment yields on the settlement interest rate and the level of dividends, promote the realization and rationalization of customers' interests, and supervise the insurance companies. Meanwhile, the structure of their products will be adjusted, along with optimized demonstration of interest rates on insurance policies, to reasonably guide the market's expectations. AAStocks Financial News |
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