The situation of investors behind more than 25 trillion insurance funds has finally been exposed.
Recently, the official wechat of China Insurance Asset Management Association released the construction of insurance fund investment talents. The information comes from the 2021 China insurance asset management industry development report, which is based on research.
By the end of 2020, the 35 insurance asset management institutions surveyed (27 asset management + 8 stock insurance asset business institutions) had 8254 talents; The 196 insurance companies involved in the survey have more than 3600 investment talents, with an average of 18 per company. The total number of investment talents of these two types of insurance institutions is about 11800.
insurance company side: more than 3600 investment talents, there is still a gap
Investment is the business of insurance companies and underwriting. Nowadays, in insurance companies, some investments are mainly "independent investment" and others are mainly "entrusted investment". Therefore, their investment management and organizational forms are also different.
According to the research, the investment management department or asset management department is the main organizational form of the investment management department of the insurance company. More than 130 insurance companies have established investment management department / asset management department; Another 41 insurance companies have set up investment management centers / asset management centers. The remaining few companies are invested and managed by other departments such as the finance department.
from the investment talents of insurance companies, the survey shows that the number of talents is basically stable, and the proportion of life insurance talents ranks first in the industry
As of December 31, 2020, the insurance companies participating in the survey had more than 3600 investment talents, with an average of 18 per company; Among them, the talents of life insurance, property insurance, group and reinsurance companies accounted for 72.17%, 20.66%, 5.59% and 1.58% respectively.
From the perspective of talent construction in different fields, the number of professionals with more than 3 years of experience in asset allocation in the insurance industry is 590, with an average of 3 in each institution.
In terms of credit evaluation professionals, the survey data show that insurance companies have 377 professional credit evaluators, with an average of 1.92 per company, with a maximum of 12 professional credit evaluators.
Industry credit rating personnel mainly come from external rating agencies and fresh students; 58.62% of the credit rating personnel have working experience in external credit rating institutions, of which more than 70% are in life insurance companies and more than 20% are in property insurance companies. In addition, there are 337, 209 and 51 credit evaluators with more than 2, 5 and 10 years of relevant experience respectively.
The survey shows that at present, there is still a gap of investment talents in insurance companies. The gap has both industry commonalities and type differences.
On the whole, the investment talent gap of insurance companies is mainly concentrated in investment research, asset allocation, risk management, asset liability management, credit evaluation and other fields.
From the perspective of different types of institutions, the talent gap of insurance groups is mainly distributed in the fields of investment research and asset allocation; The talent gap of life insurance is mainly distributed in the fields of investment research, asset allocation and asset liability management; The talent gap of property insurance is mainly distributed in the fields of investment research, risk management and credit evaluation; The reinsurance talent gap is mainly distributed in the fields of investment research and entrusted management.
insurance asset management company: more than 8200 personnel, and the number of additional personnel in the product line is obvious
In addition to insurance companies, another major type of institutions that invest and manage insurance funds is insurance asset management institutions. The comprehensive survey data of insurance asset management industry from 2020 to 2021 (special topic of insurance asset management) and the above report of China Insurance Asset Management Association reveal the talent construction of insurance asset management institutions.
By the end of 2020, the total asset management scale of 35 institutions participating in the survey was 21 trillion yuan, with a year-on-year increase of 19%, the highest in recent five years. The 35 institutions surveyed include 27 insurance asset management companies that have opened at the end of 2020 and 8 other institutions with stock insurance capital business.
The survey shows that the staff of insurance asset management industry has been growing in recent years. By the end of 2020, the above 35 institutions had 8254 talents, an increase of 768 over the previous year, an increase of 10.26%. Previously, the number of talents in the industry was also growing steadily. The number of talents in 20172019 was 6211 at the end of 2017, 6650 at the end of 2018 and 7486 at the end of 2019.
From the perspective of staffing in Institutions of different sizes, the number of personnel in small institutions (with a management scale of less than 100 billion) is less than 100; The number of personnel in medium-sized institutions (with a management scale of 100400 billion) is mainly distributed in the range of 100200; The number of personnel in large (management scale 400 billion-900 billion) and super large institutions (management scale more than 900 billion) is relatively large. Among them, a super large organization has more than 1000 people.
In 2020, the division of functions and subdivisions of departments within the insurance asset management industry remained basically stable, forming a comprehensive management pattern in which the front office department focused on investment research, product creation and distribution, the middle office strictly adhered to risk control, credit evaluation and back office operation guarantee. From the distribution of talents in the insurance asset management industry, the employees cover 11 major functional lines and 37 sub lines of the industry.
From the perspective of the number and trend of talents in each line, operation support, investment and risk control (including compliance and credit rating) are the top three major talent lines in the insurance asset management industry, with staffing accounting for 20%, 16% and 14% respectively.
It is noteworthy that the personnel of the product line have sprung up, with the growth rate of personnel reaching 21%, the proportion of personnel reaching 10%, and the proportion increasing by 3.68 percentage points.
From the perspective of personnel changes in the industry, the insurance asset management industry will increase the allocation of talents in alternative products, sales support, information technology and operation guarantee in 2020; Except for a slight increase in fixed income investment and stock investors, other investment lines decreased, including quantitative investment, equity investment, real estate and financial product investors.
The report shows that the per capita efficiency of the insurance asset management industry has gradually improved. By the end of 2020, the per capita management scale of the insurance asset management industry will be 2.59 billion yuan, an increase of 262 million yuan or 11.27% year-on-year. Among them, the per capita management scale of 22 institutions has achieved positive growth, and the negative growth institutions are mainly small and medium-sized institutions.
At the same time, the growth rate of per capita management fee income is higher than that of per capita management scale. According to the survey data, in 2020, the per capita management fee income of the insurance asset management industry was 3.8854 million yuan, a year-on-year increase of 19.64%center>
