巨灾债券精算及其运行研究

A Study on Catastrophe Bond's Exact Price-making and Operation

巨灾债券作为连接保险市场和资本市场的创新工具,能有效地分散保险的风险。巨灾债券精算和实证说明,国内如发行该债券,将是一个多赢方案。同时,根据中国具体国情,也需要先期进行理念培育,待初步具备条件后,再进行债券的试发行。

As a tool connecting insurance market and capital market, catastrophe bond can disperse risks of insurance effectively. This paper analyes the mechanism of exact price-making of catastrophe bond and the empirical evidences indicate that the issue of catastrophe bond in China will be multiply beneficial. The paper finally suggests that in accordance with the specific conditions in China the idea of issuing catastrophe bond should be first popularized and then a trial issue should be conducted.