Study On Market Pricing Models Of Property-Casualty Insurance Company Products

Contemporary composite operation for the finance industry has already accelerated the permeation and development between insurance and finance mutually, the insurance operation income has mainly transferred from underwriting to investment, the insurance company has already developed into financial-type insurance company from the traditional insurance company. Today, the operation mode and operation income has changed, the traditional pricing model that cost add to income has adapted the newly environment difficultly, the variety of practices requires theoretical innovation, which needs insurance researchers theoretically develop and establish the market pricing model of insurance products, to solve the questions that meets in insurance practices. At the same time, the pricing for insurance products is the basic problems in insurance economics and the frontier that insurance economics crosses with finance economics ,the qualitative and quantitative research on the pricing theory of insurance products, has become the foundation of insurance economics course developments.This article uses the concept for finance-type insurance to annotate the convergence between contemporary insurance economics and finance economics, on the basis of operation theory in financial-type insurance company, put forward the market pricing theories of the financial-type insurance company products. The thesis regards this as the departure point, after describing the operation rules of insurance market and capital market capital market for the financial-type insurance company qualitatively and quantitatively, builds the operation model and consequently establishes the market pricing model for the financial-type insurance company.The full text is divided into five chapters:As the first leading, Chapter 1 describes the theories of traditional insurance goods, finance assets and finance-type insurance goods, and analysis the mode and character of traditional, finance-intermediation and financial-type insurance company. At the later part this chapter introduces and evaluates the actuarial pricing theory and the financial pricing theory, adopting finance-type insurancegoods theory and the mode for finance-type insurance company, puts forward and builds the market pricing theory of insurance products.Under the guiding of the supply and demand theories in microeconomics, Chapter 2 firstly analysis qualitatively the supply and demand of insurance market, with the operation data of the financial-type insurance company for sample, under the newly environment establishes the models for supply and demand in insurance market, and makes prepares for the study how insurance market mechanism realizes insurance to permeate and develop with finance mutually.Under the guiding of industry economics, on the foundation of the empirical research on the structure of representative China and America insurance market, Chapter 3 studies and establishes the competitive equilibrium model of monopolistic competition market and oligopoly market, together with Chapter 2 describes how insurance market mechanism realizesUnder the guiding of modern corporation financial theories, Chapter 4 studies the financing and investment model for financial-type insurance company , especially from the view that the financial-type insurance company take charge of the insurance fund, using the cost of raising funds to annotate the underwriting loss of the financial-type insurance company, establishing the tie to realize insurance to permeate and develop with finance mutually.On the basis of the front parts, Chapter 5 establishes the operation model for financial-type insurance company, and consequently builds the market pricing model for financial-type insurance company products. Finally, after studying the equilibrium pricing of markets, describes the market pricing strategy for financial-type insurance company products, from the theories back to the practices, using the theories to guide the insurance practices.