关于保险业参与养老服务业的再思考

摘要

In recent years, insurance institutes have been stimulated to invest in building retirement communities though there is not explicit profit model. After reviewing the abroad experiences, it is found that poor proift, which is caused by heavy-asset operating, is the main dififculty of retirement community construction. There are other three risks in investing retirement communities. Firstly, transfoming payment in cash into membership entitlement of retirement communities may break capital chain down, which results in less residents and less proift. Secondly, it is very likely that ifscal subsidies of building and operating retirement communities will be cut down because most middle- and low-income households cannot afford these special insurance. Thirdly, solo investor mode must bear huge investment risk. Insurance industry must rethink and re-position when enters into the elderly services industry. Insurance industry should devote into developing more creative insurance products to meet living and care demands of the elderly, as well as the governments should aim supporting policies at these demands.%由于受政策刺激，尽管未找到明确盈利模式，近年来我国保险机构仍积极投资建设养老社区。从国外成熟养老社区运营经验来看，重资产运营以及收益较差，是造成保险养老社区运营困难的主要原因。此外，保险机构投资建设养老社区，目前至少存在三类风险：由现金支付转向养老服务支付时存在断裂风险，养老社区的优惠政策面临收紧风险，单一主体投资模式存在巨大投资风险。保险业参与养老服务业时需要重新定位；保险机构应回归金融机构本质，着力开发养老服务保险产品；同时政策支持也应切中关键。