Risk Analysis Of The Insurance Creditor's Rights Plan Of The Bank Of Beijing Guaranteeing The CITIC Guoan Mianhua Pian Dangerous Reform Project

In recent years,the bancassurance cooperation business has developed rapidly.As an emerging financing tool for bank customers,the insurance debt investment plan has been widely used for infrastructure financing and other project financing.Despite the tightening of current regulatory policies,insurance funds have the advantages of long duration and large scale,and insurance debt investment plans still have stable development prospects.However,recently,an insurance claim plan product of CITIC Guoan Group has experienced credit risk,causing Beijing Bank to bear all of its principal and interest.From the perspective of a commercial bank,it is necessary to conduct research and analysis on it,draw lessons and inspirations from it,and provide guidance for the future risk management and control of the insurance business.This article conducts a study by selecting the real estate insurance debt investment plan of PICC Investment Control-CITIC Guoan Cotton Sheet Dangerous Reform Project as a case.This article first introduces the definition and characteristics of insurance claims plans,as well as several innovative models of commercial banks participating in insurance claims plans,and details the current status and development of insurance claims plans and the current distribution of insurance claims plans in China.Then,a pre-analysis was made on the insurance credit investment plan of the CITIC Guoan Group 's 2.5 billion cotton fragile reform project.The basic situation of the project,transaction structure,and product pricing were introduced.The insurance debt was analyzed from the perspective of Bank of Beijing.The financing motives of the plan,the interest-driven factors of the Bank of Beijing guarantee,etc.Secondly,it mainly analyzes how the Bank of Beijing should evaluate and treat the default of the debtor CITIC Guoan Group,assess the reasons for the default from the group's internal corporate governance,financial indicators,and credit rating rationality assessment,and adopt the Z-Score score The model,principal component analysis method,and binary logistic model are used to construct a risk early-warning model to predict the possibility of credit risk for project-related companies in an insurance claim plan.Finally,it puts forward corresponding policy suggestions on the innovation and development of commercial banks' participation in insurance claims investment plans,which provides a certain reference value for banks to further develop insurance claim plans business opportunities.Based on the above analysis,this article can draw the following conclusions: First,Bank of Beijing has played a new role of “guarantee + custodian + financial advisor” in this insurance claim plan,but there may be acts of blind guarantee.Insufficient risk awareness and lack of follow-up and continuous supervision and management;Second,at the end of the project,Bank of Beijing lacked awareness of the default risks of the debtor CITIC Guoan Group,lagging behind the company's internal corporate governance and operating information,and lacked its credit.The independent judgment of the rationality of the rating failed to assess the solvency of CITIC Guoan Group in a timely manner.Third,the principal component analysis and the construction of a risk early-warning model resulted in the consideration of insurance debt financing entities from the two aspects of debt solvency and profitability.The default risk situation of the enterprise;Fourth,the commercial bank guarantee is equivalent to bearing the entire risk transfer of the insurance claim plan.The problems and lessons reflected in the case of the Bank of Beijing provide reflection for the bank's future participation in the insurance claim plan project.