摘要
变额年金是西方养老保险市场上的主流产品,如何管控最低利益保证的风险是发展这类产品首先需要考虑的问题。本文以含有最低累积利益保证的变额年金为切入点,采用蒙特卡罗的方法分析与对比了固定乘数平衡模式及组合内部对冲模式,对不同市场状况下变额年金应采取的风险管理模式提出了一点建议。
Variable annuity is the mainstream product on the market of western endowment insurance. How to control the risk of GMXB is the first consideration for developing this kind of product. Taking the GMAB as cut -in point, this thesis uses Monte Carlo method to analyze the Constant Proportion portfolio insurance （CP- PI） and Internal Hedge. Moreover, it puts forward some suggestions to choose risk management mode under dif- ferent market conditions.
出处
《保险职业学院学报》
2013年第5期11-15,共5页
Journal of Insurance Professional College
关键词
变额年金
利益保证
风险管理
Variable annuities
Guaranteed benefit
Risk management
