摘要
寿险保单贴现证券化是指将原始无流动性,但具有稳定预期现金流的寿险贴现保单资产池进行风险收益的匹配,并转换成在资本市场流通的证券产品。本文阐述了寿险保单贴现证券化的市场发展概况,分析了寿险保单贴现证券化运行机制,并利用保险精算和经验分析方法对寿险保单贴现资产池的可证券化价值进行了估算。
Life settlement securitization refers to the process of converting the settled life insurance policies with stable expected cash flows but originally illiquid into securities in capital market. This paper first briefly analyzes the market development of life settlement and its securitization; then elaborates on the operation mechanism of life settlement securitization; finally utilities actuarial method and empirical analysis to calculate value for securitization of the pool of settled life insurance policies.
出处
《证券市场导报》
CSSCI
北大核心
2016年第12期52-57,共6页
Securities Market Herald
基金
教育部人文社科研究规划基金项目"基于死亡率风险的寿险证券化理论与实证研究"(编号:12YJA790152)
