Research On The Solvency Of China's Property Insurance Companies Under The Second Generation System

The insurance company as one of the three major financial institutions,with risk management,stable economic function in the national economy plays a decisive role,accordingly,their own ability to resist risks is particularly important.The solvency of insurance companies is to prevent the adverse impact caused by the ability to operate encounter interruption or loss of debt,is also the focus of the supervision of the insurance industry,the insurance regulatory authorities of major countries in the world and international organizations are actively seeking new solvency regulation mode.Whether international developed markets on behalf of the United States,Europe,or our nearest neighbor Japan,South Korea and Singapore,are trying to optimize the solvency management system.In China since the beginning of 2012,the Chinese CIRC's organization,working on the second generation solvency supervision system,which lasted three years,on February 2015 formally issued17 specific rules China second generation solvency system,and requirements of the company since the date of publication file,is on the subordinated generation and "compensation two generation" rules of parallel implementation.January2016,CIRC released document 10,announced since 2016 the formal implementation of China's solvency oriented solvency of the two generation system.Compensation for the formal implementation of the two generation system,marking China's Insurance Regulatory and insurance industry risk management requirements into a new era.The insurance company solvency under the new system research has important practical significance,can improve China's property insurance companies the ability to resist risks,and property insurance as an important part of the insurance industry,the rapid growth rate,insurance premium income accounted for the total premium income of the proportion of the total body showed a rising trend,therefore it is self-evident importance of solvency capability analysis the insurance company.This paper makes a deep analysis of the solvency of property insurance companies under the two generation system.Firstly,related research and theory of solvency reviews and make an overview of the compensation and supervision of solvency in property insurance companies in China two generation,introduces the concept of solvency,influencing factors and indicators etc..Then,according to the two generation payment supervision system,calculation of the solvency adequacy ratio are simplified,calculate the solvency of China's 52 major property insurance companies,and compares it to a generation,found that the solvency adequacy ratio compared to the overall debt generation is rising.After that,this paper establishes the panel data model,factor analysis,influence of compensation system under the two generation solvency results show that the ratio of net assets to repay NAR largest property insurance company's ability of positive effect,and the measure of underwriting level of payment rate and solvency has the most significant negative relationship.The level of insurance investment IVR,management level PPR and the company's market size MS have played a positive role in solvency of property insurance companies.In addition,under the two generation of repayment risk management means reinsurance again obvious failure,reinsurance index RIR and solvency showed a negative relationship.Further studies showed that the solvency influence factors there is a big difference in Chinese and foreign insurance company's role.Finally,according to the conclusions of the study,some suggestions are put forward.