中印两国寿险公司偿付能力对比研究

A Comparative Study of Solvency of Life Insurance Companies between China and India

本文以亚洲新兴保险市场为背景,选取中国及印度具有代表性的两个国家,就影响寿险公司偿付能力的潜在因素进行相关研究,创新性地提出扩张速度、偿付压力期、产品结构及资本金等对偿付能力影响较大。同时,在两国选取能够代表行业发展水平的寿险公司的数据,进行多元回归分析,试图给出整体因素对偿付能力的影响效果。

This paper studies the latent factors that influence life insurers＇ solvency in Asian emerging markets. First of all, qualitative factors influencing solvency of life insurance will be analyzed, such as interest rate, inflation rate, enormous potential demands of life insurance, the unreasonable product structure, and low rate of return on investment, etc. Secondly, two representative countries--China and India, will be taken as example to further quantitative analysis. It has been concluded that capital rate and the rate of return on investment play an important role in solvency in Asian emerging market. Last but not least, on simple comparative analysis of the insurance regulatory and solvency rules, it is suggested that capital restraint mechanism and dramatic solvency--testing system can be established to perfect the current solvency calculation system and minimize the insolvency risks. Comparing with those two developing countries, this paper is to help insurers have the general knowledge of solvency and influencing factors, and to urge the regulatory commission to improve the supervision system.