内含价值方法应用局限性探析

An exploration on the limitation of the embedded value method

本文主要分析了内含价值方法在具体应用中需要解决的两个问题,一个是将资本划分为要求资本和自由资本所导致的与一般企业价值评估不一致的问题,另外一个是将内含价值方法运用于存在偿付能力缺口公司的股权转让问题。

This paper analyzed the application of embedded value method where two issues need to be resolved. One was the inconsistency with the general business valuation caused by the categorization of insurer＇s capital into free surplus and required capital. The other was the application of embedded value method in the equity transfer of the life insurance company with a solvency gap.