不充分定价、破产风险与保险监管

Inadequate Pricing,Bankruptcy Risk and Insurance Regulation

在发达的保险市场,破产是保险公司退出市场的一种常见路径,但国内至今还没有一家保险公司因破产而退出市场。本文通过对国外数据和文献的分析表明,不同市场上保险公司破产的主要诱因具有高度的相似性,且定价不充分是最大的诱因。在此基础上,本文进一步比较分析了产、寿险公司定价不充分形成过程所存在的重大差异。由此,为国内保险公司的经营管理和监管部门的政策制定提供一定的启示。

In the developed insurance markets, bankruptcy of insurance company is a common-sense question. While there were still not insurance companies to bankrupt in china. Through the analysis of foreign literature and data, we discover the main cause of insurance company bankruptcy had a high degree of similarity in different markets,and inadequate pricing is the biggest incentive. On this basis, we analyze the formation process of inadequate pricing. The results show that there are the significant differences between property insurance companies and life insurance compa-nies. That could provide some inspiration to the company’s management and market regulation.