Study On Management Of Interest Rate Risk In China's Life Insurance Companies

Interest rate risk management theory is the life insurance companies inevitable measures to enhance their ability to resist risks and strengthen the core competitiveness. Therefore, to study how to reduce and defuse the interest rate risk, raise the level of interest rate risk prevention and controlling is particularly important to the life insurance companies. To this end, this paper attempts to explore ways to prevent and control the life insurance company's interest rate risk by analysising China life insurance company's interest rate risk,,and to put forward some policy recommendations.Study clearly the nature of interest rate risk, and then draw on advanced foreign interest rate risk measurement and management theory, combined with the development of China's life insurance industry in the use of the actual situation is the rapid and effective ways to enhance the levels of the China's life insurance company risk management. The article is to illustrate the author's point of view according to this line of thought.In the first, the article analyzes the meaning of interest rate risk of the life insurance industry, the characteristics of the interest rate risk, the main source of the interest rate risk and it's impact on the life insurance company, as well as the process of marketization of interest rates, life insurance company is facing severe challenges in the prevention of the interest rate risk management,and it illustrates the necessity and urgency of the life insurance company in the interest rate risk management Currently;Followed by focusing on the current domestic and foreign interest rate risk measure models and interest rate risk management experience used by the life insurance industry in some developed countries, is designed to provide a suitable interest rate risk management instruments to the life insurance company of our country;Finally, on the basis of the former paper's depth analysis of the nature of interest rate risk, propose measures and methods of the prevention and controlling interest rate risk of life insurance company.The paper focuses on theoretical studies as well as the empirical research.It introduces a large number of raw data to discuss the impact of the interest rate fluctuations for the life insurance company liability management by quantitative analysis. It provides an important basis for risk management for life insurance companies. How to applied risk management theory to the daily risk management, so that life insurance companies can effectively control the interest rate risk and enhance life insurance company's solvency and core competitiveness, is the insurance companies and regulatory bounden duty, it is also the purpose of this study lies.