Overall review of the use of insurance funds in 2021: by the end of 2021, the total asset scale of the insurance industry was 24.89 trillion yuan, an increase of 6.83% over the beginning of the year, and the growth rate slowed down compared with 2020. In addition to the slight increase in the scale of property insurance and life insurance companies, the growth rate of reinsurance companies and other scale is more than 20%. In 2021, the original premium income of the insurance industry was 4.49 trillion yuan, a year-on-year decrease of 0.79%. The proportion of life insurance premium in the whole life insurance premium continued to decline, and the growth rate of health insurance premium income slowed down, but the proportion continued to increase. In 2021, the balance of insurance fund utilization was 23.23 trillion yuan, an increase of 7.10% over the beginning of the year.
Focus of insurance industry supervision policy in 2021: the insurance liability side supervision in 2021 aims to strengthen supervision and further deepen the supply side reform of insurance products. The solvency supervision rules of insurance companies (II) comprehensively optimized and upgraded the second generation of solvency supervision rules, mainly including guiding the insurance industry to return to the source of guarantee, promoting the insurance industry to enhance service to the real economy, identifying the final investment direction of funds, implementing the decision-making and deployment of expanding opening to the outside world, adding capital planning supervision rules and expanding the public disclosure of solvency information. On the one hand, the asset side supervision of insurance is that the CBRC issued the notice on printing and distributing the implementation plan for deepening the reform of "separation of certificates and licenses" and further stimulating the development vitality of market subjects, so as to continuously deepen the reform of "release, management and service" and stimulate the vitality of market subjects; On the other hand, a number of documents related to the use of insurance funds were issued, including insurance funds to support rural revitalization, investment in infrastructure securities investment funds and participation in securities lending business, which standardized the use of insurance funds, enriched the field of insurance fund investment and guided the key areas of insurance fund support. In terms of insurance asset management supervision, the regulations on the management of insurance asset management companies (Draft for comments) has been issued. Insurance asset management will meet the new regulations and guide the standardized operation of insurance asset management companies.
Development of insurance asset management in 2021: in terms of investment banking, the registered debt investment plan and equity investment plan of insurance asset management institutions in 2021 were 654647 billion yuan, with a year-on-year increase of 67.67%; Insurance private equity funds registered 57.002 billion yuan, with a year-on-year decrease of 49.65%. The fields covered by the debt investment plan include major infrastructure construction and major industrial projects, including transportation, energy, electricity, logistics and municipal construction. The fields covered by the equity investment plan include logistics, science and innovation, manufacturing upgrading, medical hospitals, clean energy sources, municipal construction and other fields in line with the national strategic direction and serving the national economy and the people's livelihood. Compared with the past, the varieties and fields of alternative investment of insurance funds are constantly enriched, and they are constantly making efforts in serving the national strategy, supporting the development of the real economy and supporting the construction of multi-level capital market. The median yield of insurance asset management products included in the statistics: stock type 3.83%, mixed type 2.41%, bond type 4.95%, fof / mom type 6.07%. In the same period, the CSI 300 index increased by - 5.19%. In terms of enterprise annuity, the actual operating assets of enterprise annuity in 2021 were 2.61 trillion yuan, with a weighted average rate of return of 5.33%, and the investment return of pension products in the same period was 5.34%. Insurance is a public fund: the growth rate of scale slows down, and new products prefer partial debt mixed type.
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