本文選題：壽險公司 + 資產(chǎn)負債匹配管理��； 參考：《河北大學(xué)》2014年碩士論文

【摘要】：我國保險業(yè)自1980年恢復(fù)國內(nèi)保險業(yè)務(wù)以來，取得了舉世矚目的成就，已日益成為我國金融體系中不可或缺的組成部分。然而，迅速增長難免帶來“泥沙俱下”，其中最令人擔(dān)心的“泥沙”就是壽險公司對資產(chǎn)負債匹配管理的疏漏。 壽險公司的經(jīng)營具有高負債的特點，整體而言其資金是一種長期合約，與銀行資金相比流動性要求較低，投資期限也相應(yīng)更長，因此實現(xiàn)資產(chǎn)負債的長期匹配，就成為壽險公司風(fēng)險管理的核心問題之一。鑒于資產(chǎn)負債匹配管理對于壽險公司生存和發(fā)展的重要性，本文期望通過對我國壽險公司資產(chǎn)負債匹配管理的現(xiàn)狀分析，找出其存在的問題及原因，并提出建議對策。 本文首先以中國人壽、中國平安、中國太保、新華保險四家上市壽險公司為例，通過對這四家壽險公司的資產(chǎn)、負債的結(jié)構(gòu)進行分析，，找到我國壽險公司資產(chǎn)負債匹配管理存在的共性問題：一是資產(chǎn)負債期限不匹配，即壽險公司的資產(chǎn)主要集中在中短期銀行存款和債券類投資上，而負債以長期合同準備金為主；二是資產(chǎn)負債收益率不匹配，即壽險公司的投資收益率較低，與投保人期望的投資收益率有較大差距。在分析現(xiàn)狀的同時，本文從外部監(jiān)管、壽險公司內(nèi)部、資本市場三個角度發(fā)掘資產(chǎn)負債不匹配的原因。接下來本文列舉了國外壽險公司資產(chǎn)負債匹配管理的經(jīng)驗教訓(xùn)，以供我國學(xué)習(xí)借鑒。最后提出完善我國資產(chǎn)負債匹配管理的建議：在監(jiān)管方面，建議堅持以償付能力充足率為核心指標(biāo)、積極推進公司治理監(jiān)管、改進市場行為監(jiān)管手段；在公司層面，建議我國壽險公司采取相對偏重負債方的資產(chǎn)負債并行管理模式、完善組織架構(gòu)、增強投資能力、加強產(chǎn)品創(chuàng)新能力。
[Abstract]:China's insurance industry has made remarkable achievements since 1980, and has become an indispensable part of our financial system. However, rapid growth will inevitably bring "mud and sand", of which the most worrying "silt" is life insurers' omissions in the management of asset-liability matching. The operation of life insurance company is characterized by high liability. As a whole, the capital of life insurance company is a kind of long-term contract. Compared with bank funds, the liquidity requirement is lower and the investment period is longer, so the long-term matching of assets and liabilities is realized. It has become one of the core problems of risk management in life insurance companies. In view of the importance of asset-liability matching management for the survival and development of life insurance companies, this paper looks forward to finding out the existing problems and reasons through analyzing the current situation of asset-liability matching management of life insurance companies in China, and puts forward some suggestions and countermeasures. In this paper, four listed life insurance companies, China Life Insurance, China Ping an, China Taibao and Xinhua Insurance, are taken as examples to analyze the structure of assets and liabilities of these four life insurance companies. To find out the common problems of asset and liability matching management of life insurance companies in our country: first, the term mismatch of assets and liabilities, that is, the assets of life insurance companies are mainly concentrated on bank deposits and bond investments in the short and medium term. The liability is mainly long-term contract reserve, the second is that the return on assets and liabilities does not match, that is, the return on investment of life insurance company is lower, and there is a big gap between the return rate of investment and the expected return rate of the policy holder. At the same time, this paper explores the reasons for the mismatch of assets and liabilities from three angles of external supervision, life insurance company and capital market. Then this paper enumerates the experience and lessons of asset and liability matching management of foreign life insurance companies for our country to learn from. Finally, the paper puts forward some suggestions to improve the matching management of assets and liabilities in China: in the aspect of supervision, it is suggested that we should take solvency adequacy ratio as the core index, actively promote the supervision of corporate governance and improve the means of supervision of market behavior; at the corporate level, It is suggested that our country's life insurance companies should adopt a parallel management model of assets and liabilities with relative emphasis on the liability side, perfect the organizational structure, strengthen the investment ability and strengthen the ability of product innovation.
【學(xué)位授予單位】：河北大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F842.3;F275

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