New Reinsurance Product Features And Pricing. Two Types Of Analysis

The paper focuses on characteristic and price models of the two kinds of new-type reinsurance products. The innovation of reinsurance products is an important trend of reinsurance development in internaatonal reinsurance market. ,And the CAT insurance derivatives and Financial Reinsurance are the new products which operate relatively successfully .The great potential demand will exist in China.Financial reinsurance is a kind of new way that an original insurer carries on the financial administration , The insurance derivative products of catastrophe are new method that an original insurer shifts the catastrophe risk. In the country where the solvency supervise is the main aspect of insurance supervise Financial reinsurance develops better . For not influencing the insurance supervising department and credit rating department grading to the original insurer because of worsenning in financial situation for the moment ,he gets the surplus subsidy reinsurance through financial reinsurance and improves the financial situation. The condition that original insurer obtains the surplus subsidy is that he must offer part of his business to reinsurancer. The reinsurer gets back the surplus subsidy through the business offered by the original insurer and his higher profit of investment The article has discussed some relevant models of reinsurance premium of the financial affairs .The CAT insurance derivative products is that transfer the catastrophe risk to capital market ,such as futures, options and so on. The index of these derivative tools is the CAT insurance losses .Because the particularity of the catastrophe risk, the market of the insurance is unable to totally digest the catastrophe risk. The CAT insurance derivativ products combine linsurance market and capital market and transfer catastrophe risk more efficently, The paper analyses the operation principle of the CAT insurance futures of U.S.A. CBOT market, and compares several kinds of typical pricing models . Our country is the country where natural CAT frequently takes place, The annual natural CAT has caused the enormous economic losses to the country and people, The market of the insurance has not given play to its due function .The method of U.S.A. is worthy our studying .At last the paper analyses the inherent factors and factors which are not incuded in the model, and analyses the basic way of pricing and the connection between the reality and the model.