论保险公司经济资本

Economic capital of insurance companies

经济资本作为一个框架,涵盖了定价、评估、风险管理、投资、绩效与资本管理等诸方面的内容,充分体现了风险与价值的关系。经济资本的产生和发展是同保险公司经营与监管机构的实践相关的。目前在国际上,特别是在欧洲,监管机构和保险公司都充分意识到了金融混业、风险的变化要求能够根据不同的金融机构进行特征化的监管与风险管理,而经济资本则具备了这些特点。

Economic capital as a framework, covers the components of pricing, appraisal, risk management, investment, performance and capital management, fully demonstrating the relationship between risks and values. The advent and development of economic capital is related to insurance company operation and regulatory practices. Global regulators and insurers, especially those in Europe, have fully realized the importance for differentiated regulation and risk management according to different characteristics of financial institutions along with blurring boundaries between financial services sub-sectors and change of risks. And economic capital is capable of performing such a role.