保单贷款:未发掘的金矿

Policy loan:An Un-exploited Gold Mine

目前我国保险业竞争日趋激烈,保险公司承保业务利润不断下降,投资活动的地位日益突出。在我国资本市场很不完善,利率变化较难预测的宏观背景下,保险公司资金运用的途径有限,投资风险与利率风险较为突出。保单贷款业务作为保险公司特有的金融服务项目,具有自身的特点和优势。本文尝试从精算和风险管理的角度出发,着重分析了保单贷款业务的特点和优势,分析了目前制约我国保单贷款业务进一步发展的主要因素,并针对性地提出了相应的建议。

Currently the insurance sector in China becomes more competitive, while the underwriting profit is dropping dramatically and investment income is getting more important. In a macro economic background in which the capital market is not mature and the interest rate is unpredictable, investment risk and interest rate risk rise from the lack of diversity of investment channels. As the unique financial service offered by life insurance companies, policy loan is known for its characters and advantages. From a view of actuary and risk management, this treatise gives detailed discussion on policy loan and tries to research for factors that restrict the further development of policy loan in China market. Finally, some suggestion are given on policy loan development.