Qianhai Life Insurance Used The Case Analysis Of The Risk Of Capital Allocation In The Universal Insurance Market

Along with the rapid and sound development of the capital market,the insurance market also showed a happy side: premium income showed a rising trend,insurance funds investment also gradually expanded,and the proportion of investment in insurance funds increased.At this stage,insurance funds are invested in the capital market.On the one hand,investment channels are expanded.On the other hand,the injection of large amounts of funds has also spurred the capital market.As China's economic development advances and financial reforms deepen,the relevant regulatory policies for insurance funds and their use are gradually liberalized.Under this circumstance,the state also encourages insurance companies to use capital market investment as much as possible.However,when insurers invest in the capital market,they also face uncertain external risks from the capital market,because the economy is currently in interest rates.In the environment,increasingly stringent financial supervision has become the consensus of the industry,and regulators will take precautions against financial risks to a more important position.In the process of insurance capital investment in capital markets,how to manage and control these risks and avoid systemic risks is the research direction of this article.With regard to insurance funds investing in the capital market,in the past two years,an insurance company's upsurge in the use of insurance funds for listing companies in China's capital markets has become an upsurge.The China Insurance Regulatory Commission publicized data showing that during the period from 2014 to2016,The total number of times has reached more than 260 times,and the number of participating placard companies is about 150,and the scale of licensing has reached as much as 300 billion yuan.Among them,the use of insurance funds as a placard accounted for 33% of the total number of placards,and the number of participating companies was 48.It is clear that in this two-year-long placard campaign,insurance companies have acted as Leading the role of the person,and insurance funds are the most powerful tool for running.In terms of risks,because the insurance company escalates its use of high-leverage financing to conduct placard operations,it is very easy to create systemic risks.Plus,China is actively advocating for leverage reduction.The national policy is contrary to this,so this article will focus on the risk analysis of this placard event.In addition,the China Insurance Regulatory Commission reaffirmed the“supervision of insurance surnamed Bao and surnamed Zhang” for this event.After this,“China's risk-oriented solvency system” is also “ The second generation of compensation system was officially used."Compensatory second generation" as a new regulatory rule,promotes the new positioning of insurance supervision on the industry and shifts to risk supervision.Under the background of the new economic development environment and policies,it is particularly important for insurance companies to better carry out equity investment,widen investment channels for insurance funds,and improve risk early warning and risk management mechanisms for equity investment in insurance funds.Research and exploration of equity investment in insurance funds And its risk prevention has important practical significance for the operation and management of insurance companies.This article will analyze the risk of insurance companies using universal risk stock market allocation on the basis of this,including risk analysis based on solvency and applying VaR model to carry out risk analysis of insurance companies using insurance funds to invest in capital markets.Solvency is an insurance company's most comprehensive measure of each risk,and the VaR model is a recognized measure of risk.Therefore,it is hoped that by adopting these two methods,it is possible to comprehensively assess the risks of this event.Analysis.Of course,based on the two analysis methods,the focus is on analyzing the risks existing in China's current financial market exposed by the event of insurance fund escalation,and what problems exist in China's current risk regulatory agency model that need to be improved,and make recommendations on this issue.