This is a floating interest rate. Although the product you buy is investment-linked insurance, it is referred to as investment-linked insurance for short, but the investment of insurance companies is not arbitrary. The regulatory authorities allow insurance companies to invest in five types of assets: liquid assets, fixed income assets, equity assets, real estate assets and other financial assets, and the investment proportion of these assets must be strictly controlled. In addition, if the invested assets have a credit rating, they must at least reach AA- level. For example, Hongkang Life's investment standard is AA+, and P2P and private equity funds will not touch it. According to the data of the first half of this year released by the China Insurance Regulatory Commission, the new compensation in the independent account of investment-linked insurance in the first half of this year reached 54.522 billion yuan, up 94.72% year-on-year, which was only/kloc-0.00 billion yuan from the data of last year. The interface news combed the top five insurance companies in the first half of this year, as shown in the following table:

In the first half of this year, Hongkang Life made great efforts in investment-linked insurance, winning the first place with a new compensation of 25.644 billion yuan, compared with 65.438+564 billion yuan in the same period last year, with a year-on-year growth rate of 654.38+0.539.64%. In sharp contrast to the "skyrocketing" investment-linked insurance account, Hongkang Life's original insurance premium income in the first half of the year was only single digits, down 43.57% year-on-year.

In the face of the sudden strength of Hongkang Life Insurance in the first half of the year, Everbright Yongming was defeated and gave up the top spot last year. Similarly, compared with the new claims of investment-linked insurance exceeding 654.38+08 billion yuan, Everbright Yongming's original insurance premium income in the first half of the year was only 654.38+0965.438+06 billion yuan. However, unlike Hongkang Life's original premium, Everbright Life's original insurance premium income still increased by 42.56% compared with the same period of last year, which is similar to its investment-linked insurance.

Obviously, the top two companies rely on investment-linked insurance to support most of the premium scale. The other three companies in the top five of the new investment-linked insurance are much more conservative. In the first half of the year, the single-month new payment of investment-linked insurance remained in the top three for three consecutive months. In the first half of the year, the cumulative new compensation for investment-linked insurance was 5.085 billion yuan, with a year-on-year growth rate of only 13.33%, far lower than the previous two. In addition, in Ping An Life Insurance Company of China, ranked fifth, the new payment of investment-linked insurance decreased by 465,438+0% in the first half of the year.

From April 2065438 to April 2005, China Insurance Regulatory Commission issued the Notice on Standardizing Investment Accounts of Investment-linked Insurance (hereinafter referred to as the Notice), which broke the previous practice that investment-linked insurance can only invest in standardized assets such as bonds, funds and stocks, and broadened the investment scope to non-standard assets, making investment-linked insurance the only low-threshold wealth management product in the market that can invest in non-standard assets.

The decentralization of supervision has found a new breakthrough for the product design and investment operation of investment-linked insurance-linked non-standard assets. Hongkang Life Insurance and Everbright Yongming, which topped the list in the first half of the year, are the main force to issue investment-linked insurance "quasi-fixed income accounts" that can invest in non-standard assets. This kind of investment-linked insurance account mainly invests in non-standard assets, including: debt investment plan, real estate investment plan, collective trust plan, insurance asset management plan, etc.

Huabao Securities Investment-linked Insurance Ranking Report shows that Hongkang Life Insurance has 7 investment-linked insurance accounts in the first half of the year, with a yield of 0.72%-3.43%. Everbright Yongming has four investment-linked insurance accounts belonging to "quasi-fixed income accounts", and the yield is between 1.98%-3.94%.

It is worth noting that these "quasi-fixed income accounts" also cooperate with online financial platforms such as Jingdong Finance and Tencent Wealth Management, and use BAT's traffic channels to develop at a high speed. As a kind of public offering products grafted between mass investors and non-standard, these "quasi-fixed income accounts" were once highly anticipated by the market.

However, the performance of the "quasi-fixed income account" in the first half of the year did not meet expectations. According to the report of Huabao Securities, the historical settlement interest rate of four "quasi-fixed income accounts" of Hongkang Life Insurance sold in Jingdong Finance is between 3.9% and 5.1%,and the expected annualized rate of return of four "quasi-fixed income accounts" sold in Tencent Licaitong is between 4% and 4.6%. Neither company reached the above level in the first half of the year.