分散保险风险的资本市场创新工具

本文提出并设计出一种全新的金融产品———保险金融券 ,这种保险金融券具有固定收益证券的性质 ,同时又与保险公司的风险挂钩。它能将保险公司的风险有效地分散到资本市场上 ,从而增加保险市场的容量 ,提高保险公司的竞争力。同时又为资本市场的投资者提供了更多的投资品种。本文运用国外最前沿的理论成果 ,结合中国的实际情况 ,对保险金融券进行了定价 ,同时对保险金融券的发行、收益等方面进行了详细的论述。

Innovative Instrument of Capital Market Reducing the Risks of Insurance

This paper works out a kind of insurance financial securities, a brand-new financial product. The securities of this kind are of the nature of coupon bonds and simultaneously in touch with the risks of the insurance company. They can effectively disperse the risks onto the capital markets, thus increasing the capacity of the insurance company, and, meanwhile, providing more investment varieties for the investors in the capital market. Taking advantage of the most pioneering theoretical achievement abroad and in conjunction with China's reality, this paper prices the securities and expounds in detail their extension, profit, etc., which is of great significance to the innovation of domestic insurance varieties and the enrichment of capital market.