China's Insurance Industry To Carry Out Research Reverse Mortgage Loan

According to a statistical bulletin released by Laoling Ban, the proportion of elderly population is the biggest increase in 2009, compared with the previous year, it's a net increase of 7.25 million elderly people, an increase of 0.5%.In the "second five" period, the elderly population will exceed 2 million, the elderly population proportion of the total population will be more than 15%, the rate of aging will be accelerated. In 2009, the national number of urban basic old-age insurance program reached only 235 million people, the country participated in the rural old-age insurance is only for the 8691 million people, there are nearly 10 million pension are not guaranteed. However, compared to Western countries, the majority of Chinese people get old before getting rich, it's necessary to have a huge pension to support such rapid increase, but our current mode of operation in the pension is not optimistic. How Chinese insurance industry carry out a financial innovation, which the elderly can get stable income through the rational use of their premise houses not emigrate, as the supplementary pension insurance is an urgent need to study the important issue. Reverse Mortgage Loan is a more successful conversion mode of housing assets, targeted at those who have full rights to their houses, the United States and some other more developed countries have made some of the more mature experience, by learning some foreign mode of operation, the insurance industry to carry out the reverse mortgage business.This paper introduces the theory of reverse mortgage content, with emphasis on the United States, Canada, UK, Japan and Singapore, the operation of the five countries. Secondly, from the four aspects of this business in China can carry out the feasibility of, and from the three aspects of the reverse mortgage market prospects.And from the banking, insurance, social security and real estate development and analysis of the four departments in the country can run this business organizations and their respective strengths and weaknesses, and focuses on the insurance industry, the feasibility of carrying out reverse mortgages, and simple Description of the insurance industry in recent years, study and explore the business case and presented from three aspects of China's insurance industry is likely to start this business obstacles and response measures to be taken.The focus of the article is to explore the housing of the insurance industry to carry out the specific reverse mortgage insurance operations and risk analysis, pricing model. Finally, take four complementary insurance arrangements to in match with reverse mortgages...