投资连接保险保证性条款风险分析实证研究

An Empirical Study on Risk Analysis of Equity-linked Life Insurance with Guaranteed Clauses

投资连接产品作为一种包含保障和投资功能的寿险产品,目前已经成为寿险市场比较常见的产品。投连产品都包含许多类型的保证性条款,这些条款增加了寿险公司的经营风险。本文利用精算方法,通过对我国寿险市场的一种投资连接产品最低死亡保证条款的风险净现值的模拟分析,证明风险净现值分析方法给寿险公司和保险监管部门提供了一种比较有效的风险分析和监管的手段。

As a kind of life insurance containing functions of security and investment, equity-linked life insurance has now become a very familiar product. Popularly, equity-linked life insurance contains many kinds of guaranteed clauses, which augment business risk of life insurance company. With the actuarial approach, this paper simulates and analyses net present value of the risk of guaranteed minimum death benefit for a kind of equity-linked life insurance in our country's life insurance market. The results indicate that method of net present value of risk analysis can provide life insurance companies and insurance regulation departments an efficient method for risk analysis and regulation.