Adjustment Directions for Insurance Asset Allocation in a Low-Interest-Rate Environment

Strategy Restructuring in a Low-Interest-Rate Environment

As risk-free rates decline, returns on traditional fixed-income assets are narrowing. Insurers are shifting from a sole reliance on interest rate spreads to diversified asset allocation, extending asset duration to align with the long-term nature of liabilities and mitigate the impact of short-term volatility on solvency.

In equity investments, high-dividend and steady-growth assets are drawing significant attention. Meanwhile, alternative investments such as infrastructure debt plans and real estate funds are gradually increasing in allocation to seek non-correlated returns. Specific product designs and investment strategies should be tailored to the company's actual risk appetite.

• Optimize asset-liability matching management
• Increase allocation to equity and alternative assets
• Strengthen credit risk identification capabilities