资本资产定价模型在工程地震保险费率厘定中的应用

The Application Study on the Capital Asset Pricing Model in Rate Making of Engineering Earthquake Insurance

作为国际金融市场的重要组成部分,保险市场在当下的全球经济复苏中发挥着重要作用。保险是地震灾害危机处理的一种重要方式。现有的工程地震保费厘定通常只着力于纯保费,对风险附加费的考量往往依经验,从而导致保费中无法体现对风险的补偿,成为工程地震险发展的瓶颈。本文通过将金融市场中的资本资产定价模型(CAPM)引入工程地震险的定价分析,从资本市场的角度探讨该模型在工程地震险定价中的应用,弥补了传统工程地震险保费厘定方法的固有缺陷,使得保费计算更为科学合理。最后,应用于一具体工程实例,验证了该模型的可行性和有效性。

Insurance market,as an important part of the international financial markets,is playing an important role in current global economic recovery.Insurance is an important way of earthquake disaster crisis handling.However,the existing engineering earthquake rate making only puts forth effort on net premium and measures risk additional charge often by experience.As a result,the compensation of risk can′t be embodied in premium,which is the bottleneck of engineering earthquake insurance development.By introducing capital asset pricing model（CAPM）in financial market to pricing analysis of engineering earthquake insurance,from the angle of capital market,the application of the model in engineering earthquake insurance pricing is discussed,making up for the inherent defect of traditional engineering earthquake rate making and making premium calculation more scientific and reasonable.Finally,the model is applied to a specific project case to demonstrate its validity and feasibility.