The Application And Research Of The Actuarial Model Of Financial Reinsurance

Financial reinsurance is a new risk transfer technology. In order to tax avoidance, deal with the unsolved claims and increase the insurer's solvency margin, the insurance companies can swap surplus, reform the framework of balance sheet by using financial reinsurance. Financial reinsurance has become the focus of research in China because it can improve the capability of competition for national insurance companies. Though financial reinsurance has applied and developed for more than twenty years in western countries, related research in this area just begins in China. We believe that the research of financial reinsurance using actuarial models will definitely benefit our national industry in reality.This thesis summarizes the types of financial reinsurance, and analyzes the connotation and application of it. On the basis of these analyses, the author defined a liner payment function by claim ratio. Thanks to the adaptation mechanism of payment function using a credibility approach, it sets up an actuarial model of financial reinsurance. The model seeks to resolve the problems of traditional reinsurance business encountered in practice, which is designed to reduce the variance of the risk reinsured without affecting the mean. The functions of surplus swapping, risk transfer and tax avoidance are analyzed, which select the real datum from Ping An- insurance company's auto lines as sample. It is important that it should adjust the parameters according to the working strategy and the actual datum of lines. In addition, the thesis pointes out that it can regulate the financial reinsurance by setting up the strict regulations and improving the capital market.