Research On The Business Model Of China’s Insurance Trust

As China’s economic growth slows down,financial risks have attracted attention from all parties.The demand for wealth management and wealth inheritance of high net worth individuals has gotten bigger,with “wealth preservation” having risen to their top goal of wealth management.In the meanwhile,“wealth inheritance” has acquired a higher status.Focusing on the insurance trust,this study first analyzes its advantages and significance in asset isolation,wealth inheritance and tax avoidance,thus affirming the necessity of developing it,and then shows there is a great room for its development in China by analyzing the potential market demand for it in China.After that,the study makes a comparative analysis of the irrevocable life insurance trust in the United States,the “Anxin Trust” in Japan and the insurance trust in Taiwan,and gives an introductory analysis of “Prop Future” life insurance and “Classic Life”life insurance,concluding that there are currently three operating models of insurance trusts in China,namely the 1.0,2.0 and 3.0 version.Subsequently,based on a comparative analysis of insurance trust models in China and foreign countries,it is found that existing problems in China ’ s insurance trusts include unclear legal structure,non-regulatory development,lack of legal basis,unclear overseeing body,and insufficient professionals,so targeted suggestions concerning supervision,legislation,customers,practitioners,etc.are given.At the end of this study,a future product model is put forward in response to current problems in the operation models of insurance trusts.