The subprime mortgage crisis comes from the risk of high-risk non-performing loans in the American financial system, which should have been limited to credit financial institutions. However, due to the developed financial market in the United States, various new businesses are constantly being invented. Moreover, in different financial institutions, cross-business has also increased, forming an inseparable format between them. Therefore, the subprime mortgage crisis is a situation that affects the whole body. On the influence of insurance companies. Generally speaking, if it is purely financial investment, it will not have much impact on the insurance industry, because the insurance industry has little direct investment in loan products and a small proportion in real estate investment, so it will not have much impact. However, in western financial circles, there are many insurance products of insurance companies, especially the insurance business of financial products, and the risks are multiplied. If this kind of insurance business occurs in high-quality assets, the risk is not great, but the problem is that the proportion of non-performing subprime loans in the American insurance industry is very large. The so-called subprime loans are actually non-performing loans. The borrower's own conditions are not enough to meet the lender's loan requirements, but in the case of rising economic environment, the risk of such non-performing loans is covered up by other conditions, such as houses. When the economy is good, house prices keep rising. If you don't have the strength to buy a house with a loan, but the house you want to buy is expected to continue to appreciate, then a bank loan will become a good loan for you, because you can't afford the loan, the bank will take back the house, and the rise in house prices will bring protection and profits to the bank. So once there is a small economic problem, the lender will be nervous, and will ask the borrower to repay the loan in advance, or ask to pay the arrears. Once it is not paid, the building will be recovered and the recovered building must be auctioned. As a result, a large number of houses flooded into the market at once, which lowered property prices and weakened the economy accordingly, resulting in more chain reactions. When subprime loans are smooth sailing, because banks also foresee the possibility of this risk, they will find someone to bear this risk together (although they think it is only a theoretical risk), and insurance companies are the best risk transfer institutions. Then they will find an insurance company to underwrite this subprime loan. The insurance company looks at it, okay, theoretical risk. I will underwrite, but at least there is a theory, so I will find a number of financial institutions to participate. This has formed a financial chain. At this time, investment banks came out. He said that such a risk is only established in theory, with high returns and very safe. We might as well sell it to investors, so we package it as an investment product and sell it to investors. Sub-prime loans have gone wrong, and a series of problems have emerged. The first one fell down first, and the one in the middle soon fell down. As an insurer, insurance companies will definitely be affected. Sub-prime loans have tens of billions of dollars. If insurance companies do this business, then ... just look at AIG.