Research On Trust Insurance Business Development Model

With the continuous and in-depth development of my country’s economy,after completing the process of wealth accumulation,some high-net-worth customers begin to focus on the management and inheritance of wealth.At the same time,with the development of the financial market and the transformation of the economic system,financial risks have also attracted increasing attention,making wealth protection continue to rise in the wealth management needs of high-net-worth customers.As an innovative cross-financial business,insurance trust business combines the product advantages of insurance protection and trust inheritance,providing new options for wealth management and asset inheritance.This article focuses on wealth management and asset inheritance,and analyzes the product advantages and development significance of insurance trusts.This thesis proposes solutions to the deficiencies in the development of insurance fund trusts in China,and has achieved the purpose of helping the development of insurance fund business.The research ideas of this thesis are as follows:The first part is to put forward the macro background of studying the insurance trust issue,including the theoretical and practical significance of studying the issue,the relevant theoretical achievements on this issue around the world,the research ideas and methods of this thesis,as well as possible innovations and insufficient.Under the background of my country’s continuous reform and opening up and the growing number of wealthy people,insurance trust has broad prospects for development.At the same time,it can not only meet the internal needs of clients,but also the external needs of relevant financial institutions for business development.It is to provide rich financial services.The market product under the supply requirements of the product.The second part mainly introduces the overview of family trusts and insurance trusts,the wealth inheritance tools,and related internal and external content,and clarifies the functional advantages and development significance of insurance trusts through comparative analysis.Wills,gifts,insurance and trusts are the main wealth inheritance tools,each of which has its own advantages and disadvantages.Family trusts and insurance trusts stand out due to their own functions and characteristics,especially the advantages of low threshold and high protection for insurance trusts.Play a bigger role in wealth management for middle and high net worth customers.The third part analyzes the main operation forms of overseas insurance trust business,introduces the insurance trust models in the United States,Japan,Chinese Taiwan and other countries and regions,analyzes and evaluates,and draws inspiration for the development of related businesses.Irrevocable life insurance trusts in the United States,"Anshin Trust" in Japan,and insurance trusts in Chinese Taiwan are relatively mature market products.Due to differences in historical background,cultural concepts,economic environment,and legal systems,their development models are also different.They are obviously different,which are manifested in the purpose of establishing the insurance trust,the business-oriented model,the stability of the trust,the function of risk isolation,and the degree of development.The fourth part introduces the development of the insurance trust business in Chinese history,studies the specific operation method of the insurance trust,elaborates the structure,advantages and disadvantages of the 1.0,2.0 and 3.0 models,and compares the United States,Japan and my country.The model in Chinese Taiwan,compares and summarizes the experience that can be used for reference in the development of insurance trust business in mainland my country.In order to meet the market demand,my country’s insurance trust business has been continuously optimized and iterated,and three models have emerged: 1.0,2.0,and 3.0.The 1.0model is easy to operate,the 2.0 model improves trust stability,and the 3.0 model can build a unified wealth management platform.Compared with the advanced mode,there are still many problems to be solved.The fifth part analyzes the development problems in China’s insurance trust business.First,from the perspective of supply and demand,there are problems of insufficient internal drive for development and significant supply promotion;second,there are problems in the legal relationship between insurance and trust involved in the insurance trust structure;Laws and regulations refer to the legal structure of insurance and trust respectively to carry out business,but insurance trust is a kind of cross business after all.In practice,two legal systems are integrated,and there are two legal risks.Third,there is a lack of a reasonable supervision system.Currently,there is no supervisory body in the trust system,nor a perfect supervision system.Fourth,there is a lack of development norms for relevant subjects.The sixth part will put forward opinions on the development of China’s insurance trust business.In order to promote the development of insurance trust services and give full play to its inherent advantages,on the one hand,it is necessary to strengthen product and market research to find the meeting point of demand;on the other hand,it is necessary to improve relevant laws and regulations.Regulations,including the rights and obligations of the parties,the determination of insurance assets,the connection between the Insurance Law and the Trust Law,and the improvement of the trust registration system.The financial management system model and its help to the development of insurance trust business.