Research On The Development Of Non-life Insurance Investment Products In China

With the development of economy and society,more and more people are seeking different ways of investment in order to get more income.Insurance has increasingly become an important investment mode in people's investment,after the emergence of life insurance investment products,non-life insurance investment products suddenly emerged.With the development of the market,ordinary insurance products have been difficult to meet the needs of some customers,many customers want to buy a product with both savings and security,so life insurance companies are the first to develop investment link insurance,this is a product for both security and investment,after the introduction of investment link insurance,life insurance life insurance company premium income increased greatly,many life insurance companies borrowed This type of insurance has jumped into an insurance group,when life insurance accounts for a major share of the Chinese insurance market.Property insurance companies,of course,did not want to lag behind,following the example of life insurance companies,and then regulators also allowed property insurance companies to develop investment types like life insurance,so in 2001 Huatai launched the first non-life investment products.But the development of non-life insurance investment products has been a twists and turns.Since the birth of the first non-life insurance investment product in 2001,the development of non-life insurance investment products in China has been slow,one is the strict regulatory policy of regulatory agencies,the other is the high risk of operation,many companies do not try it easily.In 2017,for non-life insurance investment products,the circ required local regulators to strictly monitor such products,pay close attention to the return on investment,and stopped several insurance companies,including cheonan property insurance,from operating such businesses.The development of non-life insurance investment products fell into a state of almost stagnation,as in the 2008 financial crisis.This paper mainly focuses on qualitative analysis,and analyzes the development of non-life insurance investment products in China by the payment pressure experienced by Tianan Property Insurance Company.Although non-life insurance investment products have been developing in our country for more than ten years,the development speed is slow and the market share of non-life insurance investment products is not high.Therefore,this paper analyzes the development of non-lifeinsurance investment type insurance,and provides a theoretical basis for the subsequent development of non-life insurance investment type insurance in our country.The article is mainly divided into four parts.First of all,introduce the forefactors and consequences of this payment pressure of Tianan property insurance,and introduce the three development stages of China's non-life insurance investment type insurance,and discuss the feasibility of the development of non-life insurance investment type insurance in China.Secondly,taking Japan and South Korea as examples,this paper introduces the development course of non-life insurance investment products in Japan and South Korea,introduces the methods adopted by Japan and South Korea to deal with the operating risks of such products,and analyzes the experience that China can learn from.Thirdly,it mainly analyzes the main problems faced by our country in operating such products from the point of view of product itself and investment and government supervision,and compares with Japan and South Korea,analyzes the current non-life insurance investment in our country what the capital product lacks.Finally,some suggestions are put forward,mainly from the perspective of insurance company and government.