The invention relates to a universally composable identity proxy signcryption method. The method includes the steps of system initialization, public and private key generation, proxy key generation, proxy signcryption, decryption, and verification. According to the universally composable identity proxy signcryption method, the public key of a user is determined according to the identity information of the user; and the private key of the user is generated through a private key generator. With the universally composable identity proxy signcryption method adopted, the problem of calculation costs for certificate generation, storage, distribution, revocation and verification of traditional public key infrastructure can be solved; with no secure channels required, confidentiality and authentication can be realized. The method of the invention has the advantages of universal composite security, low computational complexity, and the like, and is suitable for technical fields such as mobile agents and electronic conferences.