The relevant person in charge of the Ministry of Finance answered the reporter asked about the "Measures for the Performance Evaluation of Commercial Insurance Company"

A few days ago, the relevant person in charge of the Ministry of Finance answered reporters' questions on the "Measures for the Performance Evaluation of Commercial Insurance Company" (hereinafter referred to as the "Measures").

Q: What is the relevant background and significance of formulating the "Measures"?

Answer: The performance evaluation system of financial enterprises was established in 2009 and was revised in 2016. The current commercial insurance company's performance evaluation system is one of the four categories (banks, insurance, securities, and other) evaluation categories in the performance evaluation system of financial enterprises. positive effects.

With the new stage of economic and social development in my country, the Party Central Committee and the State Council put forward new requirements for financial work. The current financial enterprise performance evaluation system still exists in guiding and promoting financial enterprises to serve the real economy, preventing and controlling financial risks, and deepening financial reform There must be a gap, and the guidance and incentives of implementing new development concepts, building a new development pattern, and achieving high -quality development are still insufficient. It is not enough to reflect the differentiated positioning characteristics of different types of financial enterprises in the index system setting. In order to thoroughly implement the decision -making and deployment of the Party Central Committee and the State Council, the Ministry of Finance has initiated the revision and improvement of the financial enterprise performance evaluation system in the industry, combined with the positioning characteristics of different types of financial enterprises, gradually established a differentiated classification assessment mechanism, scientifically and reasonably evaluated financial enterprises The level of operation and social contribution, guide and promote financial enterprises to improve governance capabilities, effectively serve national strategies, promote the healthy interaction of financial enterprises and the real economy, symbiosis and prosperity, better help build a new development pattern, and achieve high -quality development. In the early stage, the new "Measures for the Performance Evaluation of Commercial Banks" has been issued and implemented first. After the "Measures" was drafted in the early stage and the revision and improvement of the opinions of various aspects, the Measures were officially issued and implemented.

Overall, the formulation of the "Measures" is the implementation of the Party Central Committee and the State Council on serving the real economy, preventing and controlling financial risks, deepening the overall requirements of financial reform, and implementing the "Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on improving state -owned financial capital management". Important measures, the relevant background is consistent with the background of the previous revision and improvement of the "Measures for the Performance Evaluation of Commercial Banks". Through this revision, it aims to establish a new performance evaluation system that adapts to the characteristics of the positioning of commercial insurance companies, further play the role of market mechanism, guide the "insurance surname insurance" to effectively serve national strategies, effectively implement national macro policies, and promote commercial insurance companies to adhere to insurance Ensure the origin, adhere to the concept of long -term investment and value investment, better serve the real economy, enhance the well -being of people's livelihood, prevent and control operational risks, and provide support for commercial insurance companies to operate steadily, high -quality development and serve the real economy.

Question: What is the main reform thinking of the Measures?

Answer: In order to meet the needs of the new situation of financial reform and economic and social development in my country, the "Measures" closely focuses on the refinement and implementation of the Party Central Committee and the State Council on serving the real economy, preventing and controlling financial risks, and deepening the overall requirements of financial reform. The guidance principle is optimized and improved to the performance evaluation system of commercial insurance companies, which is mainly reflected in the following five "more prominent":

The first is to evaluate the comprehensive economic benefits and social contributions of serving the country's macro -strategy, the real economy, and the social livelihood of the country. New serving the country's development goals and real economy evaluation dimensions, including serving social livelihood, "agriculture, rural", ecological civilization construction, strategic emerging industries, and insurance funds to invest in specific areas of real economy to promote commercial insurance companies better service and common service common to common service and common service joint services Wealthy, rural rejuvenation, carbon peak carbon neutralization, scientific and technological innovation and other national major development strategies, more effectively respond to national macro policies.

The second is that the evaluation concept is more prominently high -quality development. Establish the dimension of development quality evaluation, introduce the economic value -added rate, comprehensive expense profit margin, labor cost profit margin, net profit per capita, per capita profit tax, etc., guide commercial insurance companies to accelerate the transformation of development concepts and development methods, and increase independent innovation efforts. Improve the efficiency and value creation ability of input output.

Third, the evaluation methods highlight the comprehensive evaluation of industry, history, and supervision. According to the characteristics of the performance evaluation indicators of commercial insurance companies, the appropriate single or comprehensive evaluation method is used to encourage the industry to lead the industry and encourage self -transcendence. It not only reasonably considers supervision goals, but also considers normal investor returns and shareholders' concerns in accordance with market principles.

The fourth is to evaluate the addition and subtraction of points more prominently to strengthen compliance and "prize and punishment". Incorporate the original agricultural insurance bonus points into the service real economy evaluation index system and increase weight. At the same time, the scope of negative lists rationally, highlight the downgrade deduction of corporate illegal matters, add risk incidents and data distortion evaluation downgrade, as well as deduction matters such as illegal punishment and disorderly establishment of subsidiaries.

Fifth, the use of evaluation results is more prominently linked to important matters such as executive salary, total salary of corporate wages, and assessment of leadership teams. Further improve the mechanism of "compensation and performance matching, incentives and constraints", and effectively play the role of assessment and command sticks.

Q: How to set the indicator system after the reform of the Measures? How to guide the "insurance surname insurance" through performance evaluation?

Answer: The reform of this performance evaluation index system focuses on guiding the development model of commercial insurance companies. The indicator system is adjusted from four types of indicators: the profitability capacity, business growth, asset quality, and solvency of the payment before the reform. Economic, developmental quality, risk prevention and control, and operating benefits, each type of weight is 25%, taking into account the focus of assessment and balanced relationships, and it is also consistent with the framework of the performance evaluation index system that was amended and perfect. In terms of specific indicators, not only reflects the commonality of the financial industry and the characteristics of the insurance industry; there are common indicators that are consistent with commercial banks such as state -owned capital preservation and value -added rate, net asset yields, and dividends. Indications, guide commercial insurance companies to adhere to the positioning of "insurance surnames", effectively play the role of risk guarantee, focus on transforming the development model, continue to improve quality and efficiency, and achieve high -quality development. First, in serving the national development goals and the dimension of the real economy assessment, setting up social security insurance, agricultural insurance, green insurance, strategic emerging industrial insurance and other special assessment indicators, based on insurance protection, inspire commercial insurance companies to respond more effectively to the country more effectively Macro policies have better play the role of economic "shock absorber" and social "stabilizer". Second, in the development of quality and risk prevention and control, setting up special assessment indicators such as comprehensive solvency, comprehensive rating of risk, comprehensive expense profit margin, comprehensive compensation rate, etc., guide commercial insurance companies to pay more attention to prevention and control of operating risks, and continuously improve operating operations efficiency. The emphasis on the weight of each single indicator is determined based on the importance and guidance function, and it can make dynamic adjustments based on national macro policies, real economic needs, and financial development trends in a timely manner.

Q: How to determine the results of the performance evaluation of commercial insurance companies?

Answer: First, determine the standard coefficient and alignment standard. For the use of industry benchmarking or historical performance evaluation indicators, according to industry data or corporate historical data segments, the standard value of the index is divided into excellent, good, medium, low, poor, and poorly. The standards of standards are 1.0, 0.8, 0.6, 0.4, 0.2, and 0, respectively. The standard coefficient is the parameter of the evaluation standard, which reflects the grade of the evaluation indicator corresponding to the evaluation standard value. For the use of the performance evaluation indicators of the benchmark, combined with the characteristics of each indicator, according to factors such as market data, industry data, historical management data, regulatory data, and macro policy requirements, the alignment accuracy of the relevant indicators is determined as the evaluation benchmark as the relevant indicators.

The second is the scoring of performance evaluation. Calculate the standard values ​​or alignment accuracy of the actual value of the performance evaluation index adjusted by the commercial insurance company, and calculate the individual indicators in accordance with the performance evaluation formula. The performance evaluation score of commercial insurance companies is formed by the single index scores.

The third is the determination of performance evaluation addition and subtraction. When commercial insurance companies implement the Party Central Committee and the State Council on serving the real economy, preventing and controlling financial risks, and deepening financial reform -related decision -making deployments, active and effective, accurate in place, and measures at the time. Extra points; when commercial insurance companies have major risk events, violations, penalties, and information quality problems, disorderly establishment of subsidiaries, and poor national policies, they will be appropriately evaluated or deducted.

The fourth is the results of performance evaluation and its expression. Performance evaluation results include performance evaluation score, performance evaluation grade and performance evaluation level. Evaluation scoring percentage system. The evaluation grade is divided into five grades: excellent, good, medium, low, and difference, corresponding to the five letters: A, B, C, D, and E, respectively. The divided score line is 80, 65, 50, and 40 points. The evaluation level is to divide the evaluation grade to reflect the different differences within the same evaluation grade, and it is expressed in the method of repeating the letter after the letter. For example, the evaluation score reaches 80 and above is less than 85 points (A -level A), and 85 points and above are less than 95 points (AA level AA).

Question: How to ensure the objective, fair, authentic, and complete of performance evaluation work?

Answer: To ensure the objective and fairness of performance evaluation, commercial insurance companies must provide comprehensive and authentic performance evaluation data. The performance evaluation work is based on the financial accounting report of independent audit institutions in accordance with the audit of the Chinese audit standards. Among them, the financial statements should be a consolidated financial statement prepared in accordance with the Chinese accounting standards. The financial data of performance evaluation shall be reviewed by an independent audit institution responsible for the annual financial accounting report audit of the commercial insurance company, and the audit report shall be issued separately; the performance evaluation business data shall be reviewed and issued by an independent audit institution responsible for the annual financial accounting report audit of the commercial insurance company. Execute the procedure report. The relevant business data of commercial insurance companies should be consistent with the final result of submitted submitted in accordance with the supervision requirements.

In order to ensure the authenticity, integrity and reasonable performance of performance evaluation, the basic data of performance evaluation can be appropriately adjusted based on the importance and comparability principles. The audit institution issued an appraisal opinion, and after the financial department reviewed and confirmed, the relevant indicators plus the relevant indicators and the objective reduction factors and the reduction of objective increase factors. For example, if a commercial insurance company digests the previous annual asset or business loss in the profit or loss during the evaluation period, the amount of losses can be added to the profit of the year.

Question: How can the "Measures" connect with the current financial enterprise performance evaluation methods?Answer: From the date of issuing the "Measures", the performance evaluation of commercial insurance companies in 2022 and later years is implemented in accordance with the Measures.In addition to commercial banks and commercial insurance companies, the performance evaluation system of securities companies, financial asset management companies, and financial holding companies such as financial holding companies has started research and improvement.Previously, continued to implement the "Financial Enterprise Performance Evaluation Measures" (Caijin [2016] No. 35).

(Source: Department of Finance of the Ministry of Finance)

- END -