Analysis Of Credit Risk Management Of Company A Under The Expected Credit Loss Model

The financial crisis that broke out in 2008 swept the world.At the same time it raged,the academic circles began to have a deeper understanding of the disadvantages of the old financial instrument standard IAS39.In July 2014,the new financial instrument standard IFRS9 was issued.China also designated the "Accounting Standards for Business Enterprises No.22-Recognition and Measurement of Financial Instruments",which will be implemented on January 1,2018.The change of the impairment model to the expected credit loss model in IFRS 9 is a major change for financial companies that hold large amounts of financial assets and liabilities.Under the new impairment model,the provision for impairment of financial assets is no longer confined to the occurrence of objective facts of impairment as a triggering condition,but turned to the future,making scientific predictions about the credit risks in the future.The expected credit loss model will have a profound impact on the credit risk management.The future-oriented impairment method is undoubtedly a promotion of risk management,but how will it affect the credit risk management,and the expected credit Whether the complexity of the loss model will also bring about a huge increase in cost,and whether our country’s enterprises have the ability to successfully implement the expected credit loss model,these are unknown issues,and research in the academic circles at this stage is relatively blank.This article focuses on the impact of the new model on credit risk management.In order to increase the practicality and applicability of the thesis research,this paper adopts the case analysis method,selects A insurance company that implements the new financial instrument standards in advance as the case company,and analyzes the changes after applying the new impairment model to achieve the research purpose In-depth analysis of the impact of the implementation of the new model on the company’s credit risk,and provide implementation recommendations for insurance companies.