The Research On Interest Spread Risk Of Life Insurance In China

The domestic insurance total sales present the trend of escalation,but because of the sale of high ordered fixed credit interest rate policy most recent several years, the life insurance company faces serious interest spread, which makes life insurance company anxious. How to reduce the burden of interest spread is a puzzle of life insurance. What the thesis studies is interest spread risk of life insurance. Interest spread risk of life insurance is defined as the loss probability resulting from unfavorable variation of real investment return rate of life insurance capital from policy ordered fixed credit interest rate. The interest spread risk of life insurance has threatened the life insurance company to gain the profit and to manage stable. This thesis bases on the "decision theory", and analyzes the interest spread risk of life insurance. The thesis starts from the definition to interest spread risk of life insurance. Basing on profit, investment return and reserve, the thesis analyzes the causes of interest spread risk, and further recognizes the interest spread risk, then especially points out the influence; Secondly, by analyzing the typical company, the thesis confirms that our life insurance industry has the serious interest spread, and then analyzes the history reason. By analyzing the typical policy, the thesis analyzes the reason and result basing on two different explanations. By choosing annual interest spread of mainly life insurance company recent years, the thesis further analyzes the condition and cause of the interest spread risk , which the reason mainly is pricing the product and the real investment return rate of life insurance capital. Lastly, risk prevention schemes are taken out: it needs to process the high ordered fixed credit interest rate policy, and to prevent against the new interest spread, and at the same time to melt interest spread with the new portfolio as far as possible. In order to prevent interest spread of new portfolio, the company should match the real investment return of life insurance capital and ordered fixed credit interest rate.