At present, in addition to insurance institutions, some third-party institutions cooperated by insurance asset management companies are outside the insurance industry, and the business areas of cooperation cover insurance asset management products, creditor's rights products and investment consulting business similar to private placement. In order to earn management fee income, some insurance asset management companies lack the balance of business advantages and disadvantages, lack the cooperation standards for cooperative institutions, and pay insufficient attention to the risks of third-party business.
Lack of competitiveness in management ability Although cross-border competition in insurance asset management has become the new normal of asset management industry, compared with trust and brokerage asset management, insurance asset management products have "congenital limitations" such as narrow investment scope of basic assets, high industry concentration, lack of trading and circulation mechanism, and lack of corresponding management experience, technology and means, and the foundation of management team is not solid. Insurance asset management companies can only rely on customers' purchasing power and lack their own project mining ability and active marketing ability, which is obviously lacking in the competition in the era of big asset management.
Product development ability is relatively lacking. At present, the life insurance industry has entered a difficult transition period, and the premium growth of traditional guaranteed insurance products faces multiple constraints. The growth of traditional sources of funds for insurance asset management is limited, while the funds invested in wealth management dividend insurance products are seriously diverted by bank wealth management, internet wealth management, funds, trusts and private banking products.
Insurance asset management does not expand innovative product design around customer needs, such as introducing classified products and other internal and external credit enhancement methods, and hedging risks with one or more derivative products including forward, futures, options and swaps. The product line did not extend to the direction of lower expected risk return and higher expected risk return, and did not realize the product line layout with risk return characteristics from low to high.
The awareness of legal and compliant operation is still lacking. Some companies failed to implement the regulatory requirements for insurance asset management, and irregularities in the use of funds such as non-compliance in investment product indicators or credit ratings, non-standard operation, and non-compliance in bank deposits and alternative investments have increased. It is risky for individual companies to invest in channel business independently managed by non-trust companies. Because of the large amount of insurance funds and the problems are mostly concentrated in the field of non-public products, once the investment loss occurs, it may bring disastrous consequences to the company.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.