浅析对保险公司偿付能力的监管

<正>一、欧盟与美国对非寿险保险公司偿付能力的监管欧美两个体系针对寿险与非寿险的不同风险因素,规定了不同的边际偿付能力要求。对寿险与非寿险规定不同的边际偿付能力要求原因是:寿险由于保单期限长,资产风险很大,责任准备金必须以预定的利率增值,而赔款波动较小。非寿险则往往因保单期限短,资产风险相对较小,边际偿付能力主要取决于赔付的波动。     

我国开展寿险保单贴现业务的思考

保单贴现是一种投资者折价买入未到期的寿险保单，在被保险人死亡时获得保险公司给付的保险金的保单交易方式，这种方式为投资者带来收益，同时解决了绝症患者和老年病患高额医疗费的需要以及老年人养老费用的需要，是一种多赢的投资工具。该文从可行性分析和政策建议方面讨论保单贴现业务在中国的实施。     

寿险证券化的理论框架分析

寿险证券化是寿险公司通过发行以标的业务现金流为支撑的资产支持证券的融资或转移寿险风险的过程。与一般资产证券化相似,寿险证券化的基本原理包含风险重组、风险隔离和信用增级三个原理,但融合了寿险业务的特殊性。寿险证券化可分为内含价值证券化、责任准备金证券化、风险转移证券化三类,且每类均包含特有的经济学与保险学原理。前两类证券化的目的是融资套现,而后一类则是为了转移极端死亡率风险和长寿风险。     

债券市场产品期限对保险资金运作的影响浅析

资产和负债的期限匹配是保险公司资金管理的重要方面,因此作为保险公司资金的主要投资工具,债券的期限很大程度上影响着保险公司的资产配置问题。我国进入老龄化社会,对于长期的养老年金产品需求不断增加。如果债券市场上的产品的年限较低,则寿险公司的资产负债就不能很好地匹配。进一步的市场利率下降,则会出现严重的再投资风险。本文对中国的债券期限进行统计,然后对今后寿险公司的再投资风险作简要分析。     

保单质押贷款研究

保单质押贷款条款在发达的保险市场如美国已经日臻完善。国内该条款多见于两全保险和终身寿险合同,目前相关业务操作也基本上停留在初级发展阶段,但有很大的潜在发展空间。面对大力发展保单质押贷款作为保险公司投资渠道的呼声高涨,结合国外发展的经验教训,基于对保单质押贷款作用的定位分析,从而提出理性看待其作用、促进其合理发展的相关建议。     

保单质押贷款研究

保单质押贷款条款在发达的保险市场如美国已经日臻完善。国内该条款多见于两全保险和终身寿险合同,目前相关业务操作也基本上停留在初级发展阶段,但有很大的潜在发展空间。面对大力发展保单质押贷款作为保险公司投资渠道的呼声高涨,结合国外发展的经验教训,基于对保单质押贷款作用的定位分析,从而提出理性看待其作用、促进其合理发展的相关建议。     

寿险证券化及其借鉴

寿险证券化是指寿险公司通过发行以标的业务现金流为支撑的资产支持证券的过程。与将巨灾峰值风险转移到资本市场的产险证券化不同,寿险证券化主要是作为融资方法。寿险证券化一般可归结为三大类:(1)内含价值证券化可将无形资产转换成货币,减小资金压力,扩大承保能力;(2)责任准备金证券化可以减轻准备金压力,并满足监管准备金要求;(3)极端死亡率或长寿风险证券化可将极端死亡风险或长寿风险转移到资本市场。     

从我国法律角度看保单贴现

在保单贴现市场上,寿险保单持有人可通过转让保单受益权,获得高于退保金、低于死亡给付金的金额,投资者亦可通过投资贴现保单而获利,这就形成了寿险保单转让的二级市场.本文通过介绍国外保单贴现业务及其对市场主体带来的影响,分析该业务在我国发展可能面临的法律困境,探讨开展保单贴现所需具备的法律监管环境,为我国引入保单贴现市场做好法制准备.     

中国人寿重组

8月28日,中国最大的保险公司——中国人寿保险公司股份制改造迈出了重要一步,该公司将一分为二——中国人寿保险(集团)公司和中国人寿保险股份有限公司在京正式揭牌亮相。 中国人寿保险(集团)公司董事长及中国人寿保险股份有限公司总经理王宪章表示,重组后的集团公司主要代表国家控股股份公司,并负责99版以前的旧版寿险、健康险、意外险保单及其续期业务和相应资产的管理,经营非主业资产,开辟新的业务领域。股份公司主要经营99版及以后的所有寿险、健康险、意外险保单和相应的资产,通过引进与市场经济体制相适应的先进经营管理机制和市场运作机制,最大限度地把公司做大做强。     

给理财类保险做透析

作为理财的重要工具。保险历来倍受青睐。理财类寿险保单与传统寿险保单两者的共同点是：为客户提供基本的寿险保障。传统寿险保单具有保障稳定的优点。而理财类寿险保单则收益与风险共存。因此。两种类型的保险针对不同客户的多层次需求。不可能完全相互替代，对每一位保户而言。最好的险种就应该是最适合各自其需求的险种。那么，今天就给这两大险种做个透析吧。     

Brown＇s Blossom in Britain-China

The overall strategic relationship between U.K. and China is ＂better than ever＂, China- Britain relations have maintained good momentum, with increased high-level exchanges and the reinforcement of strategic mutual trust, with more room for growth in the future.     

Challenge and Opportunity Go Hand in Hand——What Global Economic Agitation Brings to the China's Economy?

Domino effects of the global finance agitation As the origin of the subprime crisis,US financial institutions lost USS45 billion last year,accounted for over half of the total US,EU & Japan loss.Since January 15th,Chtigroup released its financial statement of the 4th quarter,showing a net deficit of USS9.83 billion,which marked the hisoric high of its quarterly deficit.     

Sinosteel：Extraordinary Moves in Industry Chess

Among the Fortune 500 firms,more and more images from China emerge out.On the 2008 list,Sinosteel Corporation,a landmark group of China industries quietly squeezes into the candidate line.As the largest steel service ＆ trade enterprise,its sales reached at RMB 111.24 billion,with a year-on-year increase of 83.03 percent,and the profit grew by 180.03 percent.On the Sinosteel 2008 Work Meeting,the president Huang Tianwen uttered,＂In the coming year,we will work for US$20 billion sales,and look forward to getting a position in Fortune 500 firms for ourselves.＂     

Walk Through Unusual Five Years—— An Exhibitor＇s Canton Fair Course

When the 103rd Canton Fair is approaching, an old friend of Canton Fair, Li Ying from Jiangsu prov-ince recollected his past five years＇ experiences to the grand trade meeting. Each year is special, with some unforgettable memories colored by the year.     

Jean-Pierre Duprieu： Willing to Be A Legate of Sino-French Business

Estaing, former French president, Valery Giscard d＇Estaing attended Sino-French Economic Seminar held in Shanghai in early April and said that the world center has shifted from the west to the east with many European and US companies entering into Asia, and China has the ability to play an important role in the world stage. Estaing, naming himself＂French Confucian＂, then said in Chinese that a cook-group includes 10 people in ancient Chinese soldier system and the cook is in charge of cooking for them. And people who belong to the same cook are actually ＂Partners＂.     

China''''s Stock Market Wave

The annual meeting of the World Economy Forum was held in Davos,a little town in Switzerland,on January 23rd to the 27th this year,with the theme"the Power fo Collaborative Innovation",over 2500 celebrates from ture political and cconomic circles of more than 80 countries and challengred logether to talk about the future of the global economy in 2008,A Forum for the problems and challenges that face whole world,some of the keywords which drew attention during the event were:the U.S.subprime mortgage crisis,soaring energy prices,the economic slowdown in the U.S.ermerging economic bodies,authority funds and the general unpredictable nature of the global economy.     

Trade Promotion from Neighborhood

If you are considering to trade with companies in Japan or expanding your .business to Japan, we are ready to help from the very beginning.＂ You will find this greeting at the first sight on the Chinese website of Japan External Trade Organization （JETRO）. JETRO has committed itself in delivering highly efficient and quality services to meet the demand of internal and external customs including Japanese companies, hence winning a good reputation in the international trade arena. In recent years, with its priority in advancing business cooperation in South and East Asia, JETRO has made great achievement in promoting trade between China and Japan. Therefore, China＇s Foreign Trade interviewed Mr. Yoichi Maine, Deputy Director General of JETRO BEIJING.     

Auto Parts Market Potential Coming into Surface

Looking at the increasingly fierce competition in the world auto market. global automobile manufacturing industry, taking Europe, the U.S. and Japan as representatives, is gradually forming a new type of relationship, mutual cooperation between whole vehicle and parts manufacturers. We can clearly see that auto parts manufacturers have become independent from the whole vehicle manufacturing companies, which means that the former structure of auto industry has greatly changed, and a new relationship,     

Public Financial Expenditure——A Reflection of the Livelihood Improvement

In recent years.China's public finance put social construction high on the agenda and attaches more importance on livelihood insurance and improvement.The 2003-2007 public financial expenditure reflects a fact that the government isputting more emphasis on livelihood andissues concerning the people.     

Voices from the MPC and CPPCC

"Crucial for economic growth.energy utilization has its role in all economic sectors and every aspect of people's daily life.Now we are in dire need of a new profession,namely energy manager.We not only need to have passion and responsibility,but also a scientific approach to conserve energy and cut emissions.APpropriate legislation should be in place.and a special profession should be introduced to ensure the implementation of these laws and regulations."