Research On Bankruptcy Risk-Remote Mechanism Of SPRV

In recent years,China’s natural disasters-such as snowstorms,earthquakes,landslides occur gradually increased,the economic losses caused by more than one hundred billion yuan,but the payment way is given priority with local and national fiscal appropriations and cooperate with the insurance company a small scale is not enough.Therefore,given the huge economic losses,moving risk to the capital market is an effective way to diversify risk.A special purpose reinsurer is in a central position in the process of securitization,linking revaluation between the original insurers and the issuance of catastrophe bonds of investors.It is the role of bankruptcy risk isolation,so the SPRV transaction structure must meet the conditions of bankruptcy risk isolation,away from the risk of bankruptcy in order to attract more capital market investors into the catastrophe insurance securitization market,reduce transaction costs.However,due to the imperfection of the economic system and the financial system,the setting of the SPRV is difficult to be carried out in the legal environment of our country.The catastrophe market is difficult to open and the way of securitization is also to be improved.Therefore,the article from the catastrophe insurance risk securitization related analysis to start,cut into the relevant theoretical knowledge of SPRV to understand it’s meaning,legal status and legal organization.Followed by a brief overview of the insolvency mechanism and an in-depth analysis contents of the insolvency mechanism.At the same time,we use the method of comparative research to study the content and supervision of bankruptcy risk isolation mechanism in the United States,Germany,Japan and Bermuda,finally put forward to China’s reference and practical measures,from the set,run to the supervision of SPRV to do a good job of bankruptcy isolation,so that it is comprehensive and better isolate the risk.