Research On Balance Sheet Unmatch & Managing Of Life Insurance Company

After 70s of the 21th century,the fluctuations of the international financial resulted in the surge of asset-liability matching risks in the international insurance industry. Many insurance companies will thus be bankruptcy for insolvency issues. Then asset-liability matching management become the main mean to prevent and resolve assets and liabilities matching risk of international insurance industry, improve the economic value and core competence of the insurance company.With the development of China's life insurance industry, the continuous evolution of investment environment and the open of regulatory, the business of life insurance investment is from the single form of banking deposits to bonds, bank deposits and stock investments and so on. Investment reflects that China's life insurance industry is in rapid development, but also be profound impacted by the development of China's emerging capital markets.Our life insurance industry have the outstanding problems that the assets and liabilities do not match. Mainly in the three areas that duration of assets and liabilities do not match, the rate of return do not match and the number does not match. However, the domestic insurance industry has not established an effective asset-liability matching risk control mechanisms. This article describes the present situation of our assets and liabilities, and supply recommendation for our implementation of the asset liability management system from following five chapters:Chapter 1 is an introduction, describing the purpose of this paper and the significance of the topic, Summing up the domestic and foreign research.Chapter 2 describes the asset and liability management of life insurance company, the economics theoretical basis, and the main technical methods of asset liability management.Chapter 3 analyzes the problems of life insurance assets and liabilities on the base of data analysis and form in detail. I obtained that China's life insurance company balance does not match by the analysis of structure of assets and liabilities structure and the maturity structure of assets and liabilities. And on this basis, sum up the reasons of the problem.Chapter 4 analyzes the failed cases of the Japanese and U.S. life insurance industry, and summary of the assets and liabilities management experience for our reference.Chapter 5, on the basis of chapter 3, according to the status of China's assets and liabilities management, quos suitable assets and liabilities management mode on China's national conditions:asset management based on the liabilities, and debt management based on the assets. At the same time the paper designs flow chart for the implementation of the model. After this we proposed some suggests for assets and liabilities management system from such aspects as organizational structure of assets and liabilities management, winding investment channel, introduced gradually assets and liabilities management technology, enhancing our life insurance assets and liabilities matching regulation.