A Research About Development Of Insurance Asset Management Companies

Since China Insurance Regulatory Commission (CIRC) issued13new insurance investment policies in2012, good developing opportunities have been brought to insurance asset management industry (IAMI) and insurance asset management companies (IAMCs). Closed, single and passive business style of IAMCs became open, comprehensive and active. There also have been some significant changes in asset management mode, such as the simple account management mode has been transformed into a combination of account management mode and product management mode; the source of manageable funds has been transformed from internal funds of insurance companies into a combination of internal funds of insurance companies and funds of third-party as well; the passive liability driven investment has been turned into asset-liability management; additionally, the internal competition in IAMI has been turned into the cross-border competition in entire financial industry. Diversification and internatinalisation have been the new developing tendency of IAMCs.According to this background, this dissertation topic is "a research regarding to business development of insurance asset management companies ". The purposes of this topic are:1.studying the specific effect of new insurance investment policies on IAMI over these two years.2.Investigating the developing direction of IAMCs in the context of new investment policies.3. Exploring which aspects should be improved in internal capacity building of IAMCs and which suggestions about policy adjustment should be given to the regulators on the background of rapid development in the global and domestic IAMI.Depending on the research of this topic, some development suggestions about IAMCs are concluded:improving full asset management capability of IAMCs by raising investment ability, risk management ability and innovation ability of insurance asset management products; meanwhile, suggesting that the regulators make further adjustments about regulatory policies to promote the full asset management business of IAMCs. On the basis of financial reform, Chinese IAMCs ought to take full advantage of development opportunities to enhance insurance asset management business. IAMCs will become the indispensable element regarding to healthily developing Chinese insurance industry; in the meantime, IAMCs will become an important member in Chinese financial industry.