An Model And Empirical Analysis Of Insurance Product Fabricate Management

After china goes into WTO, more and more companies come into being in the market of Chinese insurance , and it leads into more intensive competition directly. Insurance product has been becoming the main competitive area among all the insurance company .not only for the companies themselves but also for all the insurance industry will it be very important to study the management of insurance product. Every year the average increasing rate of insurance has attained to 30% since insurance industry resumed over twenty years ago, but the risk in the all insurance industry has also being accumulate. Not only for the insurance industry but also for the insurance company and the customer's benefits is it very necessary to study all the risk in the insurance market including the insurance product.The reality of insurance product fabricate management in china is clarified in the first part, including the definition of insurance product and product fabricate , advantage and disadvantage of insurance product management . Nowadays single insurance product has been concerned excessively during the management of insurance product. For example it has spent most of time and energy of the insurance company in developing and studying of the single insurance product. Inside the company corresponding department has been established according to the difference of insurance product. Following this, the reason seriously hampering the improvement of management ability is also interpreted .In the end the concept of insurance product fabricate management and its' theory basis is also introduced. It is very necessary for us to utilize and strengthen fabricate management.In the second part, the introduction of the main investment fabricate model is provided including the Markowitz Model, the Single Index Model , Capital Asset Pricing Model in the capital market. Following this, the feasibility of putting the three main investment theories into insurance product fabricate management is also studied .and the Markowitz Model is chosen as the Model of insurance product fabricate management because of its' advantage such as little hypothesis condition ,accuracy calculation result and little calculation task etc. At last , the reason is also explained about why reinsurance can be used as the method of putting the best fabricate rate into reality.3The third part has much more explained the detailed method of making the Markowitz Model as the insurance product fabricate management model. It includes two sections The first one tells the selection of parameter in relation to the model such as the rate of profit of all kinds of assets, the variance of all kinds of assets and the covariance among all kinds of assets, the second one tells the selection about object function and restriction condition.According to the front three parts , the forth part tells us the gathering and study about history data of insurance product fabricate management. And provides the entire course about the empirical analysis of insurance product fabricate management, at last it also provides the conclusion and advices about the empirical analysis of insurance product fabricate management. Although the outcome is not satisfying , it can't mean that the method about insurance product fabricate management the article provides is wrong , the main reason lies in the false history data about insurance product managementTo sum up , according to the reality about insurance product management this article explains the necessity of insurance product fabricate management. That is to say, in order to reduce the risk faced with insurance company , all the insurance product should be looked as an integration. Not only the single insurance product management but also the relationship among the products should be conscientiously studied.This article also tries to select a model from the capital market and uses it in the management of insurance product in order to reduce the risk faced with insurance company At last it has finished the empirical analysis of insurance product fabrica...