Credit Risk Assessment And Its Application In Credit Guarantee Insurance

This paper studies the credit risk evaluation and application of the credit guarantee insurance, mainly refers to the small credit loan (the loan applicant is mainly small and medium-sized enterprise owners or consumers) in the credit guarantee insurance. In the actual operation of the company, is to buy the insurance products, the insurance company to provide credit guarantees for the insured, in order to obtain a higher credit quality in the loan, if it is not able to repay the loan, the insurance company paid.In banking, credit has too much uncertainty, and most are operating risks and credit risks, and the insurance company is a franchise of financial companies, which can play a double role in the transfer of risk and risk diversification, and through reinsurance and co insurance, insurance companies can transfer part of the risk, compared with other Guarantee corporation or other banking institutions, insurance companies have a more powerful strength to run such insurance.Credit risk assessment, credit risk evaluation model, and the potential risk of credit to the target of the screening, will undoubtedly help the insurance company to do a good job in the risk of screening, reduce business losses. Firstly the credit guarantee insurance characteristics, current situation and risk management and control system are summarized, and the credit guarantee insurance business in the face of the main risk is credit risk characteristics and evaluation methods; at the same time, according to the statistical analysis, China Ping An Property Insurance Co., Ltd. Credit Guarantee Insurance Division provides customer data and credit scoring experience data based on, the KS test method, summed up important variables that influence the customer credit risk, and by logistic regression, to build a risk scoring model, finally verified the reliability of the scoring model.At the same time, this paper also discusses the application value and space of credit risk assessment in the credit risk management, and puts forward the introduction of large data into the credit risk assessment, which can be more accurate and real time evaluation of credit risk, risk identification, reduce business losses. In the end, the development and perfection of the credit risk assessment in the credit guarantee insurance, respectively, from the insurance company and the insurance industry to put forward the relevant comments and suggestions.