中国特色社会主义经济建设协同创新中心2016 年度资助项目;2017 年度中国保险学会教保人身保险高校课题研究基金资助项目
我国经济运行处于“新常态”下,可能会保持较长时间的低利率环境。分别从寿险公司负债角度的产品特征和资产角度的资金运用两方面分析低利率环境可能给寿险公司的偿付能力带来的影响,选取样本公司进行实证研究,并用情景测试法模拟低利率环境下的利率波动影响,结果显示:在低利率环境下,为了提高偿付能力水平,寿险公司应该合理确定产品的预定利率,避免过度销售万能险产品;应合理配置各类资产投资比例,实现资产端与负债端的协调联动。
Under the “new normality”of Chinas economic operations,the low interest rate environment may be maintained fora long time. This paper analyzes the impact of the low interest rate environment on the solvency of life insurance companies from the aspects of product features of debt and capital use of assets. Sample firms are chosen to conduct an empirical study,and scenario test is used to simulate the impact of interest rate fluctuations under low interest rate environment. The results show that in order to improve the insurance solvency,life insurance companies should decide reasonable predetermined interest rates and avoid excessive sales of universal insurance products. In addition,life insurance companies need rationally allocate all kinds of assets and realize the coordinated interaction between assets and liabilities.
张连增,韩志颖.低利率环境对我国寿险公司偿付能力的影响[J].南京审计大学学报,2018,(4):