发挥信用评级功能加强寿险流动性风险评估-保险学专业论文.docxVIP

Abstract The capital market has experienced a major fluctuation from 2007 to 2008. The life insurance industry has faced significant losses either in the domestic stock market or foreign markets. On the one hand, due to the stock market, the company’s real capital has declined. On the other hand, because of the explosive growth of the banc assurance business, the premium has grown rapidly. Then the minimum capital requirements of the life insurance company was rising, accelerating the decline of the company’s solvency adequacy rate. For example, PING AN Life insurance company’s solvency adequacy has declined form 287.9 % (in 2007) to 121.3 % (in 2008). This indicator was closing the monitoring indicator of 100%. Recently, Ping An Insurance Group increases 20,000,000,000 Yuan to Ping An Life, hoping to restore the level of real capital. Although no life insurance company lack liquidity or facing liquidity risk, but we should be aware of the underlying liquidity risk of life insurance through the capital market volatility. But the previous studies on the liquidity paid more attention to the property insurance company, ignoring the life insurance company. Especially for life insurance company’s operation and development today is so different from traditional company. So we have to consider how to strengthen the assessment of Life Insurance Company, in order to prevent the emergence of the liquidity crisis. Insurance rating has a long history in American. The first rating agency was founded in 1899, other developed countries have attached great importance to the insurance rating system. Insurance rating is that the independent social credit rating agencies use certain methods and symbol to rate insurance companies, evaluate the financial strength and operational stability is the essence of insurance rating. The result of the rating can show some risks of the company. Among rating processes of all rating agencies, liquidity analysis is an essential part. They consider t