| According to the China Insurance Regulatory Commission, thetotal original insurance premium income of2013January toNovember is1.588638trillion yuan, an11.53%increase from thesame period last year. The total insurance assets is up to8.090366trillion yuan, increasing10%compared with the beginning of theyear. As one of the three pillar industries of finance, insuranceindustry has played an important role in the development of thecountry. And with the vigorous development of the insurance industry,the unceasing expanding scale of insurance asset, the leveragedinsurance industry is faced with enormous pressure. Expanding newinvestment channels, matching assets and liabilities, to guarantee thehealthy sustainable development of insurance has become the majortask of insurance company.At the same time, China’s aging problem is increasingly serious,which has given rise to the rapid development of aging industry. Acore problem is the aging community construction. There’s a relativelag in building the social pension system in our country at present,and a serious shortage of endowment beds. With the growth of theone-child generation, the transformation of ideas, the demand ofendowment beds is increasing day by day. Simply rely on thegovernment pension and the home-based pension is difficult to meetthe demand. The composite demand of aging community is graduallystrong, and the investment of aging community has a long recoveryperiod, needing a lot of continued funding. It has brought anopportunity to the insurance company with an abundant financialresources. In this paper, from the aspect of insurance funds matching andinvestment channel, combining with the characteristics of insurancefunds and regulatory requirements, we analyze the feasibility ofinvesting in the aging community construction and its buildingpattern. Through the research of endowment community constructionmode and profit mode at home and abroad, to provide old-ageinsurance fund investment in community construction an empiricalanalysis. The first part is introduction including the conceptdefinition，research purpose，research status and research methods.The second part mainly reviews the related theories of pensioninsurance investment and community construction. The third partintroduces the use of insurance funds, pension market supply anddemand situation and policy environment, and analyze the stock，narrow investment channel of insurance funds which are matchedwith the short supply of pension market and the good policyenvironment of encouraging investment of insurance funds anddevelopment of pension industry, to come to the conclusion thatinsurance funds can invest in pension industry. The fourth partthrough the case study, using the SWOT method analysis endowmentinsurance company investment restriction factors of the constructionof the community. The fifth part compare the construction ofcommunity endowment patterns at home and abroad, draw lessonsand experiences for the further exploration of risk capital investmentin old-age community building. Last part of the paper，according tothe analysis above, summarizes the countermeasures of risk pensioninvestment in community， preliminary explores the investing patterns in the construction of community endowment, and make afinal conclusion.Despite the insurance funds have natural advantages andinvestment impulse, but the real project operation is fraught withdifficulties. Retirement community construction is a long-terminvestment, requires constant, huge funds. So, the insurance companydecisions, should not only consider the sustainable development ofthe company’s business, the duration of insurance cost, thecontinuous broadening investment channels and regulatorymanagement, but also consider factors such as money market fundsliquidity and the opportunity cost of inflation. Care is needed beforeinvestment, and persist is after. |
