Research On The Development Of Alternative Investment Business Of Chinese Insurance Asset Management Companies

Since China resumed the insurance business in 1979,the domestic insurance market has developed vigorously,with premium income increasing year by year and available fund balance increasing day by day.In order to promote the long-term sustainable development of the insurance fund management industry,major insurance companies have set up insurance asset management companies or insurance asset management departments,hired professional investment management personnel,specialized management of insurance funds,the use of insurance funds in China gradually towards the road of specialization,standardization and marketization.In 2009,China's insurance asset management industry began to implement alternative investment.Alternative investment,as an emerging investment method,can improve the overall return of insurance funds,provide huge financial support for the people's livelihood and other major projects,and promote the development of the real economy.In just a few years,alternative investment has become the largest asset allocation variety of insurance.Each insurance asset management company actively carries out alternative investment business and participates in major national projects such as transportation,medical care,old-age care and energy through alternative investment,which not only brings considerable profits to itself,but also plays a role in serving the real economy.Based on the use of insurance funds as the breakthrough point,from the channel and efficiency of the use of insurance funds,risk and regulatory two aspects introduced the current advances of insurance asset management industry in China,and abroad is elaborated from two aspects of qualitative and quantitative research dynamic,provides the reference for further research,and through the illustration of the concept and correlation theory established in this paper,we study the theoretical basis.Secondly,this paper introduces the status quo of Chinese insurance asset management companies' participation in alternative investment through classification,and on this basis,analyzes the existing problems and possible causes of alternative investment in China.Thirdly,by analyzing the development process of foreign insurance funds participating in alternative investment,the experience applicable to China's insurance asset management companies in developing alternative investment business is obtained to create a good environment for China's insurance asset management companies todevelop and improve alternative investment business.Finally,this article through the above analysis it is concluded that the final point: the relevant regulatory policies gradually relaxing,under the condition of our country insurance asset management agencies should be bold configuration alternative investment assets,develop alternative investment alternative investment business,make full use of the alternative investment in capital scale and scope of development space,make alternative investment business more specialization,standardization and internationalization.