| At present,China has entered the aging society has become a typical “not rich first old” countries.The fast-growing elderly population has created a rapidly growing demand for pensions,resulting in increased pressure on China’s basic pension fund.At the same time,the face of institutional transfer left us empty pension account and a huge funding gap,Transfer difficulties,the overall level of low-value operation of the Fund and a series of issues such as delay in being resolved,As a social safety net and stabilizer of the pension insurance faces enormous challenges.The construction of multi-level old-age security system is an inevitable choice to make up the single-level security system of old-age security system is not high,the fund investment operating rate of return is low,And it is an effective way to disperse the risk of government administration,national fiscal risk and personal pension loss.However,due to the high administrative costs,lack of experience and other factors,relying solely on the main government can only guarantee the establishment of basic old-age insurance and occupational pension,The enterprise annuity and personal savings pension insurance must be introduced into the market mechanism to participate in the management,therefore,commercial insurance to participate in building a multi-level pension system came into being.To this end,the state have issued “on the insurance industry to participate in strengthening and innovation of social management guidance”,“the State Council on accelerating the development of the insurance service industry views” and other related policies to encourage and guide the insurance industry to participate in the old-age security system.Because of its specialization,investment advantage and service advantage,the insurance company occupies part of the market of basic old-age insurance management and enterprise annuity management.However,due to occupational pension late start,commercial insurance has not been able to establish a cooperative relationship with the occupational pension.For the personal savings endowment insurance,because the financial subsidy policy and tax incentives have not yet introduced,the third pillar has been in a blank state.According to the experience of developed countries,with the economic development of the burden of national pension responsibility will gradually weaken,two or three pillars will gradually become the backbone of the entire pension system,in the future,commercial insurance in enterprise annuity,occupational pension market and individual savings pension Insurance will be the key to its participation in building a multi-level old-age security system.This requires not only the further implementation of policy guidance at the national level,the strengthening of preferential policies to encourage the development of the second and third pillar of the old-age security system,the strengthening of the supervision and protection of commercial insurance institutions,commercial insurance itself is also required to strengthen its hard power to further enhance its professional level And actuarial capacity to strengthen the demand for consumer groups,analysis of preferences,design personalized endowment insurance products,improve service quality,and other financial institutions in the competition to highlight its advantages.Under the cooperation of government and commercial insurance,effective multi-level old-age security system can enhance the level of personal pension and enterprise competitiveness.The growth of personal savings can affect their behavior preference and further promote economic development.At the same time,the economic development also brings vigor to the employment and start-up market,attracts the labor force,enlarges the enterprise annuity and the individual savings endowment insurance coverage,finally achieves the multi-level old-age security system and the market economy coordinated promotion situation mutually under the commercial insurance participation. |
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