Research On Pricing Of Housing Reverse Mortgage Pension Insurance Products In China

The proportion of China's aging population has been increasing year by year.The traditional old-age pension system has been unable to withstand the new population structure pressure in China.It is imperative to actively explore new pension models that can alleviate the pressure of social pension and can adapt to China's national conditions.The research and improvement of the model of housing reverse mortgage pension insurance has become an important topic worthy of attention.In the context of the aging society in China,this paper explains the definition,connotation,function and related theoretical basis of housing reverse mortgage.On the basis of summarizing the development history of housing reverse mortgage in major developed countries and the old-age pension methods adopted in China,it sums up its successful experience and lessons learned from failure.Taking the two products in the current insurance market in China as an example,we interpret the terms and operation modes of the two insurance products in China,comprehensively analyze and identify the risk factors of insurance companies for their product models and market sales,and carry out risk identification and Quantitative analysis;analysis of insurance sensitivity and loss analysis of insurance companies under different parameters,summarizing its inadequacies.At present,the number of such products in China is small,single choice,and difficult to promote,for this pain point,In the four chapters,this paper combines the existing cases in developed countries,proposes pricing ideas and models,establishes three product pricing models,proposes pricing improvements based on the "Happiness Fanglaibao" and "Anjule" product solutions,and uses data examples to calculate verification.Finally,the research results of this paper are summarized,and the shortcomings of this paper and the aspects of continuing research in the future are pointed out.This paper analyzes the development of China's housing reverse mortgage pension market,combines the current market insurance product rate to carry out simulation calculation and risk assessment,and proposes new ideas from the theoretical analysis and product pricing direction for housing reverse mortgage.The angle of view is relatively new,which is helpful for the exploration of new pension products in China's insurance market.