保险公司最优红利分配政策与偿付能力研究

本文以风险理论破产模型为基础,采用局部均衡分析方法探讨了市场利率、保险资金投资收益波动、风险发生频率以及风险损失分布等因素对保险公司红利分配政策的影响,而保险公司红利分配政策是影响公司偿付能力的关键因素。在此基础上,通过对影响我国保险公司红利分配政策若的干因素进行分析,本文认为当前我国保险公司倾向于过度的即期红利分配从而导致偿付能力的不足,并提出了相关政策建议。

Insurance Company's Optimal Dividend Policy and Solvency Capability

On the basis of partial equilibrium, ruin model is provided to analyze the impact of interest rate, the volatility of insurance capital invest, density of risk arrivals and distribution of risk amount on the insurance company's dividend policy, which is important to company's solvency capability. Furthermore, based on the analysis of the several factors which influence the dividend policy of insurance company in china, the paper implicates that they prefer to over-pay the dividend and cause the insolvency problem of insurance company. The paper also gives relative policy recommendation.