保险资金参与地方保障房建设制度设计的探讨——以浙江省保障性住房建设为例

保障房建设所具有的低风险和收益稳定的特点，符合当前保险资金资产负债配置的需要。保险资金介入地方保障房建设有助于降低保险资金投资收益对资本市场的依赖程度，规避因资本市场的波动所带来的风险。出于对投保人利益以及保险资金安全的考虑，监管机构应加强对保险公司投资保障性住房的引导和规整。保险公司应建立健全保险资金投资保障房建设的风险管理机制，加强保险公司介入保障房建设融资资金的退出机制构建。

Discussion on Insurance Funds Involved in the Local Affordable Housing Construction

Affordable housing construction has the characteristics of low risk and stable incomes, in line wita~ the needs of current assets and liabilities allocation of insurance funds. Insurance funds involved in local affordable housing construction can help to reduce the degree of insurance funds investment income dependence on the capital market, avoid the risks caused by the capital markets fluctuations. Out of consideration for the interests of policy- holders and insurance funds safety, regulatory agencies should strengthen the guidance and structure of insurance companies investing in affordable housing. Insurance companies should establish a sound risk management system of insurance funds＇ invest in affordable housing construction, strengthen the establishment of exit mechanism of insur- ance funds involved in affordable housing construction.