| The Chinese insurance regulation commission has put insurance solvency ability and regulation index management rule into practice on March 4, in 2003. This means that Chinese insurance regulation has entered into a new solvency regulation centered stage. From then on, CIRC has sent Suggestions about Solvency Regulation to New China Life Insurance Company, China Life Insurance Company, and China Pacific Life Insurance Company. Under the direction of solvency regulation, life insurance companies tried to increase assets to relieve solvency deficiency through the different channels. However, China life insurance industry still faces the difficulty of balancing between the development at top speed and solvency deficiency. During the working conference of life insurance regulation held by CIRC these days, Chen Wenhui, the chairman assistant of CIRC, said that the solvency regulation was still the focus of life insurance regulation in 2007. The first part of this thesis writes about the contrary between the development speed and solvency deficiency in China life insurance industry. The second part analyzes the failure of American life insurance in 1980's and loss risks regarding the spread between interest rates in Japanese life insurance industry in order to summarize the experiences for China life insurance industry. Then, the third gives exposure to changes of Chinese economics, issues of solvency regulation and points out the necessary of Asset-Liability Management development in China. According to the development status of China life insurance industry the next part focuses on risks faced by ALM in China, missions of ALM and areas regarding ALM in life insurance companies and finds out the model of ALM in China. The final part expresses opinions about how to make Chinese insurance solvency regulation perfect and propose the development of ALM in China life insurance companies. |
PDF Full Text Request