China’s insurance industry has evolved rapidly over the past decade. Despite slowing economic growth, the outlook for the insurance industry remains positive. Relatively low penetration rates, an aging population, rapid urbanization and a rising middleclass will continue to boost demand for insurance and investment products in the country. Rapid premium income growth, changes in product structure and increasing competition are also driving up costs on the liability side.
Furthermore, a decline in investment return in the domestic market and global low yield environment has yet to be perfected through an asset allocation system in the increasingly stringent regulatory environment which has brought on great challenges for insurance institution’s risk management and profitability.
In the search for higher yields, Chinese insurers are increasingly allocating their investments towards overseas assets, alternatives and riskier asset classes. In sight of complex geopolitical risks, the utilization of advanced asset allocation tools, effectively identify and evaluate the macroeconomic risks of major economies as well as the investment risks of different asset classes, plays a crucial role in insurance company’s overseas asset allocation and M&A activities.
The first FT China Insurance Summit is honored to invite regulators, leading insurers, insurance asset managers and financial technology experts - from China and beyond - to discuss how to efficiently allocate assets, manage investment risks, maintain financial market stability, and promote a sustainable and healthy development of the insurance industry in the current economic environment.
* Simultaneous translation will be provided at the summit