顺周期效应与保险监管

Procyclicality and Insurance Regulation

顺周期效应是导致全球金融危机加剧的一个重要原因,包括以风险为基础的资本监管方法、以实际损失为计提原则的拨备方法、以公允价值为原则的会计方法和以短期业绩为基础的高管薪酬体制等方面。与银行业类似,顺周期效应同样存在于保险领域,需要保险监管机构采取逆周期监管措施,消除风险根源,缓解周期特征,降低危机成本。

Procyclicality cludes risk-based capital and compensation regime cyclicality also applies to is one of important factors exacerbating the global financial crisis. The other factors inrequirements, recognizing provisioning on incurred losses, fair value accounting standard with a short term horizon for performance assessment. Similar with the banking sector, pro- the insurance sector ,therefore insurance regulator needs to adopt counter-cyclical regulation measures to eradicate risk sources, mitigate cyclical effects and lower costs from the financial crisis.