| With the rapid development in our country's life insurance industry, the Chinese life insurance faces great market opportunity, at the same time it also faces enormous and latent risks. In vigorous market competition, a lot of insurance companies go bankrupt because they don't deal with these successfully. A good case is Hongkong`s insurance. In the 60's and 70's, more than half of insurance companies go bankrupt because of losing solvency. Therefore today more and more attention about insurance solvency is paid. The Insurance Law and the Provision of the Insurance Minimum Solvency Margin bring forward the basic framework of the insurance companies` solvency regulation. The CIRC will give more attention to the insurance solvency regulation.The solvency is the ability that the insurance company can compensate the insured when the insurance accidents take place. This concept comes forth at the English earliest stage in 1946. At that time this provision is that the difference between the assets and the liabilities of the general insurance companies should be 20% higher than the total amounts of the policies. Now, there are two hermeneutics about the insurance companies` solvency: one is the comparison that the power of the insurance company organizes the funds and its duty to indemnificate risks; the other is that the amounts of the assets of the insurance company should be more than that of the liabilities. The two definitions explain the insurance solvency from different aspects. The former with the company keeping on operating for premise, makes a point of the solvency risk in the operating period; the latter which is from the company liquidation angle, emphasizes on guaranteeing the insurance company to have enough ability to pay the liabilities any time.Theoretically speaking, there are no huge disasters to take place in normal year, as long as the life insurance companies collate and stipulate appropriate fair and reasonable rate of premium, leave the propriety risk, pick up various reserves, and keep the insurance funds in value, the life insurance company will have enough funds to copes with the indemnification. But in life insurance operation, the deviation usually takes place. This will beg the actual property in company reducing the liabilities, namely the net assets of the life insurance company, should keep the certain limit to cope with the possible deviation. Therefore, the net assets of the life insurance company, namely the owner's equity, is an importance constitution of the life insurance solvency. And study on the life insurance capital supervision has the important meaning to the stable management of the insurance companies.In order to discuss the question about the life insurance companies` capital regulation, several questions below must be answered: what is capital? what is the life insurance companies` s regulation capital? what are the theories about the life insurance companies` capital regulation? what are the methods that the foreign countries use in life insurance capital regulation? what are problems that our country face in the capital regulation and what measures the CIRC should take. For explaining these problems, this dissertation passes the preface with four proceedings to discuss.The preface part is mainly from the concept of the solvency. The substance or "economic contents" of the life insurance solvency substance is the life insurance `s own property, namely life insurance company's own equity. At the same time, the author explains the contents that capital regulation takes charge of and this dissertation will put more attention on discussing the solvency margin regulation.In chapter one, the author analysises the concept of the capital and discusses the special character of the life insurance company. Through this analysis, we know that the life insurance capital has the important function. It is a buffer for taking charge of the life insurance companies` unusual losses and is to guarantee the insurance company solvency. The... |
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