The results of the insurance industry risk management excellent cases selection of the year 2020, which was organized by China Insurance Security Fund Co., Ltd., have been announced. The case Construction of Three-dimensional Risk Prevention and Control System of China Post Insurance in Fund Use Based on Complex Financial Environment which was submitted by China Post Life Insurance Co., Ltd. (China Post Insurance) has been listed in the Excellent Cases of Risk Management in Insurance Industry.
For the last few years, the insurance industry has been faced with the external environment of the combination of low interest rates and continuous exposure to credit risks. In addition, the unique features of the life insurance companies make it particularly important to construct a three-dimensional risk prevention and control system for the use of funds. From the perspectives of risk preference design, the application of risk management strategy of fund use and the risk prevention and control of the whole process of pre-investment, mid-investment and post-investment, China Post Insurance has created and put into practice the theory of building the three-dimensional risk prevention and control system.
For over a decade since its opening, China Post Insurance has always regarded compliance with the regulations and risk prevention and control as its lifeline. It has always given priority to the foundation, operation mode and compliance with regulations. It has continuously strengthened risk prevention in key areas such as the use of funds and resolutely dealt with violations, and achieved remarkable results. Prudent and steady risk prevention and control of fund use also creates conditions for the healthy development and value growth of the company, and contributes to serving the national strategy and the development of real economy.