This thesis interpreter two basic ideas: the insurance funds in security housing construction are participatory funds not leading funds,and the utilization of insurance funds is an objective requirement for the assets and liabilities management in a modern insurance company,clarifying the system factor of the concentrative use of insurance funds and its going for benefits factor are the dual factors to the generation of the Matthew effect for the insurance funds involved in security housing investment,coupled with three hazards of the Matthew effect.At the same time,it proposes governance countermeasures of the Matthew effect in terms of the system improvement and policy development,and comes up with basic ideas and the way of realization for the innovation mode of insurance funds involved in security housing construction.