Research On Embedded Value Evaluation Index System Of China Life Insurance Companies Based On The Rough Set

Since 1990s, with banking risk management as the guide, the financial risk management is developing rapidly, and takes the lead towards the era of enterprise risk management. It provides a new solution with advanced risk management concepts and methods for financial institutions to create value management risk. At present many international insurance enterprises have actively promoted the enterprise risk management and have achieved good results. From our insurance company's risk management status and contrasting enterprise risk management can be found, the characteristics of enterprise risk management can in many respects enhance our country insurance risk management level and improve our insurance company risk management backward situation. Implementing enterprise risk management can configurate capital optimization based on keeping in reasonable capital structure of capital by improving enterprise performance, growth, improved enterprise capital yields and keep the enterprise management consistency to achieve enterprise risk management of enterprise value increases. Meanwhile the core of the enterprise management decision and enterprise internal financing activities of enterprise value can't do without the evaluation of the affecting and research of the relationship.This paper firstly reviews literature and results in risk management theory and enterprise value appraisal system of the former. Then compare the risk management of traditional theory and enterprise theory, Chinese insurance industry have necessary for implementing enterprise risk management; On the other hand, this paper discusses the influence of risk management on enterprise value, at the same time because of the particularity of insurance company, on the theory, it can be used the embedded value to appraise the business value of life insurer, through researching the influence of risk management on the life insurance embedded value to study the relationship of risk management and enterprise value life insurance companies. Then follow the features of statistical evaluation, for instance the enterpriseness, the importance, the systematic, the qualitative and quantitative combination, the operability principles, the dynamic, on the premise of reflecting operating condition, the concept of enterprise risk management will be fully seeped into life insurance company embedded value evaluation index system from internal and external. Finally choose the life insurance companies real data from year 2003 to 2009, using the rough set method reduct system to get more practical and more notable evaluation index system and the final decision rules for regulators. Not only provide reliable regulation basis and adopt effective decision-making behavior for life insurance company managers to improve embedded value, but also enable investors to have a more in-depth understanding of value, providing guidance and reference to for its investment behavior.