Research On The Development Of Housing Reverse Mortgage Endowment Insurance In China

Nowadays,China is in the rapid stage of aging.The social security system of China and the traditional family pension mode are facing severe challenges.Pension issue has become an urgent problem to be solved.Housing reverse mortgage endowment insurance provides a new way to solve the problem.At present,China's housing reverse mortgage endowment insurance is still in the pilot exploration phase.In the process of pilot operation,preliminary results have been achieved and many problems have also been encountered.Firstly,this paper introduces the concept and theory of reverse mortgage endowment insurance.Secondly,this paper analyzes the current situation of the housing reverse mortgage endowment insurance through the actual investigation and the relevant information.Thirdly,according to the current situation of the development of housing reverse mortgage endowment insurance in our country,this paper analyzes the problems and challenges in the development process from four aspects: demand,supply,macro policy and market environment.Finally,according to the United States,Canada,Singapore's experience,put forward the countermeasures including gradually change the traditional,product innovation,risk prevention,and improve the protection mechanism,improve policies and regulations,gradually improve the market environment.