Research On Solvency Evaluation Of BC Life Insurance Company Based On Grey Clustering Method

With the rapid development of social economy,the position of the insurance industry in the national economy has been advancing rapidly.The most important and primary responsibility of an insurance company is to protect the rights and interests of the insured,and compensate them in accordance with the agreement when the insured suffers risk losses.Therefore,having sufficient insurance solvency is an important guarantee for the normal operation of insurance companies.Insurance industry is an industry with high risks and high returns.If the solvency crisis or even bankruptcy occurs in the operation process,the insured will not only lose economic security,but also may lead to turmoil in the financial industry,and even affect the economic and social development of the country.Therefore,by establishing a comprehensive and scientific internal solvency evaluation system and carrying out solvency evaluation,insurance companies can effectively identify solvency risks and maintain adequate solvency.This thesis takes BC life insurance company as the research object,uses analytic hierarchy process and grey clustering method to establish a solvency evaluation system suitable for BC life insurance company,and evaluates its solvency level.First of all,it explains the research background and significance of the thesis,sorts out the research status at home and abroad,and expounds the relevant concepts and theoretical basis of solvency.Secondly,it introduces the general situation of BC life insurance company and the current situation of solvency evaluation,and points out that there are some problems in the existing solvency evaluation,such as single evaluation system level,poor evaluation index timeliness and unreasonable weight setting.Then,the objectives and principles of building the solvency evaluation system of BC life insurance company were clearly defined.The evaluation indexes were selected from five aspects: capital adequacy,asset liquidity,operational robustness,profit persistence and risk management ability.The weight values of each key index were determined by analytic hierarchy process,and the evaluation sample matrix was constructed.Using grey clustering method to evaluate the solvency of BC life insurance company,the results of single dimension evaluation and comprehensive evaluation are obtained,and compared with the original evaluation results,it shows that the evaluation system is more effective.Finally,in order to ensure the effective use of the evaluation system,the thesis puts forward targeted safeguard measures for the operation of the solvency evaluation system from two aspects: optimizing the solvency evaluation environment and improving the solvency evaluation process.This thesis constructs a new solvency evaluation system,which has reference significance for BC life insurance company to improve its solvency.