Research on Interest Spread Risk of Commercial Pension Insurance in the Context of Negative Interest Rates

In the current low-interest-rate environment, the high-quality development of the life insurance industry faces many challenges. Among them, interest rate spread risk has a significant impact on the stable operation and long-term healthy development of the life insurance industry. Interest rate spread risk has characteristics such as long-term nature, hidden potential, and systematic impact. When severe, it can lead to the bankruptcy of insurance companies and bring about systemic crises in the industry. This article redefines negative interest rates and the risk of interest rate spread loss in commercial pension insurance, and reviews related literature.