保险公司计算资本要求的风险科目资本占比分析

The Analysis on Split of Capital for Various Risks in Calculating Capital Requirement

基于保险公司的实际风险计算资本要求,是保险监管和保险公司内部风险管理的国际共识。我国保险市场属于新兴市场,风险特征与发达市场存在显著差异,在对各类险种的各项风险逐一测算之前,对各项风险的资本占比有一个总体的把握,对于制定合理的资本计算标准十分重要。本文首先基于欧洲和美国保险市场的经验研究这个问题,然后将我国与欧、美保险市场的风险状况,尤其是欧、美模型中所考虑的各项可量化风险,进行对比分析,作为制定资本计算标准的参考。

Calculating the insurer＇ s capital requirement on the basis of its actual risk profile as an internal risk management process is an international consensus among regulators and industry practitioners. China＇ s insurance market is an emerging one and its risk features are significantly different from those of developed market. For stipu- lating a reasonable capital requirement standard, it is very important that we have a fair understanding of the split of capital related to different types of risks before we start to project the risk level of various insurance products. The paper first addressed this issue according to the experiences of European and American markets. Then it compared the risk profile of China and those two developed markets, especially comparing various quantifiable risks considered in American and European models. These results were used for compiling the capital requirement standard in China.