A Study On Liquidity Risk Management Of ZF Life Insurance Company

In the past 70 years,China's insurance industry has made remarkable achievements.The insurance industry plays an important role in promoting economic development and social governance.But the insurance industry still faces many risks and challenges,among which liquidity risk has become the top priority for insurance companies to prevent.At present,ZF life insurance company has experienced the situation of liquidity depletion.Therefore,analyzing the current liquidity risk and management status of ZF life insurance company,finding out the existing management problems and reasons,providing relevant suggestions for this company have theoretical and practical significance.This paper adopts the methods of literature research,field investigation and comparative analysis.This paper divides the main content into the following five parts.The first part is the introduction,which mainly elaborates the research background and significance,combs the domestic and foreign research,and clarifies the research content and methods.The second part is related concepts and theoretical basis.This part defines the concept of liquidity,liquidity risk and the liquidity risk of insurance companies.Also introduces the performance of liquidity risk of insurance companies,as well as the objectives and contents of liquidity risk management of insurance companies.After that,this paper introduces the comprehensive risk management theory,financial risk management theory,stakeholder theory.The third part is the liquidity risk of ZF life insurance company and its management status.This part introduces the basic situation,also analyzes the corresponding indicators by using its financial data,and introduces the current liquidity risk management structure,main policies and management process.The fourth part is the analysis of the problems and causes of liquidity risk management of ZF life insurance company.The fifth part is the suggestions for liquidity risk management for ZF life insurance company.This paper points out that the main problems existing in the liquidity risk management of ZF life insurance company are: lack of external financing channels,unreasonable debt financing period,insufficient allocation of investment assets,impropercash flow management of business activities.The reason lies in: the unreasonable capital increase plan makes the cash flow unable to be supplemented in time;the unreasonable product structure makes the company lack of internal capital,increases the liquidity risk of surrender,and also causes the risk event of losing the sales channel;the weak liquidity risk awareness makes the risk response unable to be timely and effective.To the end,this paper puts forward the following suggestions: re-establish a reasonable financing plan,re-plan the business structure,increase the allocation of investment assets,strengthen the practical operation system of cash flow detection,and strengthen the awareness of liquidity risk management.