摘要
受到财产保险业保费水平不断下降和保险资金运用渠道和规模的限制以及中国资本市场发展的影响,中国财产保险业面临着越来越高的财务风险。文章将传统动态财务分析方法与Copula理论相结合构建了财产保险公司财务风险度量模型,并选取了2001年至2011年中国人民财产保险公司历史数据进行实证研究,结果显示财产保险公司为了获取当前收益承担了过高的财务风险。提高可投资资金的比例和提高再保险的比例均能提高保险公司的绩效,但是提高再保险的比例对保险公司的绩效提高的效果更显著,因此,提高再保险比例应该是当前条件下保险公司提高绩效的主要方式。
Influenced by the conti nuous decreases of premium level and the restriction on the channels and scales of insurance fund investment in the property insurance industry as well as the development of China’s capital market, China’s property insurance industry is faced with more and more financial risks. Combined with the classical DFA model and the Copula theory, this paper constructs a financial risk measurement model for property insurance companies. It also conducts an empirical study with the historical data of PICC from 2001 to 2011. The results show that in order to gain the current yields the property insurance companies are undertaking excessive financial risks. To increase the proportion of the investment fund and to increase the reinsurance rate can both improve the performance of the insurance companies, but the effect of increasing the reinsurance rate is more significant. Therefore, to increase the reinsurance rate is the main method to improve the performance of the insurance companies under current conditions.
出处
《江西财经大学学报》
CSSCI
北大核心
2015年第1期66-74,共9页
Journal of Jiangxi University of Finance and Economics
基金
国家社会科学基金重大招标项目"我国巨灾保险制度安排与实施路径研究"(11&ZD053)
中国博士后科学基金项目"中国保险业整合风险管理体系构建与流程设计"(2013M531724)
