Study On Life Insurance Risk Securitization In China

Life insurance industry of China faces competition of market, and is also faced with huge fund pressure of reserve fund for responsibility. How to collect the fund and to seek other funds is urgent for the life insurance industry to solute. The life insurance risk securitization product is the newly creation, and the product design is also changing fast. The law is possibly unable to coordinate to the development of the market completely. Only collecting the fund rapidly and the expansion through the life insurance risk securitization product can release pressure of insurance. And the danger of function can be dispersed. But while life insurance industry of our country faces increasing of the capital not to be easy, the international reinsurance market reducing quantity of accepting insurance the and enhancing the price of reinsurance, the supervising organization should aim at the life insurance securitization product and make the plan in advance, and provide another channel for the life insurance industry in the collection fund.Firstly the author thinks the securitization product for the future cash flux of specific service and the life accepting insurance risk securitization commodity. Because it will involve two insurance characteristics, respectively is "the risk transfers" and "the risk shares", it should be regarded as one kind of insurance operation and it can be applicable of the insurance law. Secondly, the life insurance risk securitization is also influenced by the risk responsibility of the publisher, so it is also different from the financial property securitization. Whether SPV assists or not for collection of the reserve fund for responsibility fund, design of securitization commodity is different with the financial property securitization absolutely. Therefore, the life insurance risk securitization does not belong to finance property securitization .It is not applicable of security law of China. How to solve the problem needs to do feasible legislate separately. Course of development of life insurance risk securitization product is very short, but its publisher involves the correlation of law quite widespread. Therefore the author only analyzes from its introduction of the content, discusses in its difference, and then explains the suitable method for present position of our country. Finally, the author makes the analysis of pricing for some life insurance securitization products.