中国专业农险公司风险测度及经济资本度量研究

Research on Risk Measurement and Economic Capital Measurement of Professional Agricultural Insurance Companies in China

受农业风险的特殊性和自身资本实力的制约,专业农险公司在经营农险业务过程中面临诸多风险。采用满足风险度量一致性原则的TailVaR模型,对中国6家专业农险公司的风险水平进行了测算,在此基础上计算了各家公司的经济资本,以此反映企业的整体风险情况。结果发现,中国专业农险公司的整体风险水平存在差异,经济资本占总资产的比重也明显不同。据此,提出监管机构应改进现有的风险评价模式,进而提出了分类监管、双重监管的对策建议。

Restricted by the particularity of agricultural risks and its own capital strength,professional agricultural insurance companies face many risks in the process of operating agricultural insurance business.Adopting the TailVaR model that satisfies the consistency principle of risk measurement to estimate the risk level of six China's professional agricultural insurance companies,and the economic capital of each company was calculated on this basis to reflect the overall risk situation of the company.The results found that there are differences in the overall risk level of China's professional agricultural insurance companies,and there is also a significant gap in the ratio of economic capital to total assets.Based on this,it was proposed that the regulatory agencies should improve the existing risk evaluation model,and countermeasures and suggestions for classified supervision and dual supervision were put forward.