The Studies On Fair Value Measurement Of Life Insurance Assets And Liabilities

From January 1st 2007, the new accounting standards will be implemented in the listed companies and gradually expand to central and medium-sized enterprises, some local enterprises, and all financial and insurance companies. December 22, 2009, the Ministry of Finance issued the<accounting rules related to insurance contracts>, definition on the insurance contract premium revenue recognitions and other measurements and accounting issues. Hope that through the relevant provisions of the insurance companies more fairly reflect the financial position and results of operations, etc., in order to facilitate investors to make rational investment decisions.On the one hand, the new accounting standards in insurance industry all needed to implement, which requires the insurance company shall provide accounting information is true and fair and reliable, the fair value of the assets and liabilities reflected life truly reflect the operating results of an insurance enterprise and financial conditions have important significance of information users, regulators, they are important; On the other hand, is based on the insurance professional undergraduate 4 years study and postgraduate 2 years of accounting professional study in accounting, in insurance have solid basis; Therefore, seeks to adopt the fair value measurement life insurance asset and liability by use of effective, simple and workable methods is especially important, this also is the key and difficult point in this paper. Based on the fair value measurement of assets and liabilities in the life insurance company is studied, then analyzes the related information of China life insurance, not only theoretically has certain value for study, in the insurance accountant solid wu also have realistic guidance.This paper is divided into 7 chapters:chapter 1, "introduction" mainly introduced in this paper, the research background and significance of research thought and framework, research methods; Chapter 2 "review", mainly introduced the domestic and foreign relevant scholars in the fair value measurement life insurance asset and liability research achievements; Chapter 3 "accounting measurement of relevant theoretical analysis", mainly introduce accounting measurement and its importance, accounting measurement attributes, fair value measurement attribute of characteristic and the relationship with other measurement attribute; Chapter 4 "life insurance assets fair value measurement research", through the introduction of the characteristics of life insurance assets, analyzes the fair value measurement life insurance assets of the feasibility and significance, and puts forward the life insurance assets principle and method of measurement; Chapter 5:"life insurance liabilities fair value measurement study" by introducing the particularity of life insurance liabilities fair value measurement, analysis the feasibility of life insurance liabilities, and puts forward the significance and life insurance liabilities measurement methods and principles; Chapter 6 "fair value measurement life insurance asset and liability outlook", through comparing measuring life at home and abroad, puts forward the assets and liabilities in the fair value measurement life insurance asset and liability issues need to be paid attention to and consummation countermeasure; Chapter 7 "case analysis-to China life, for example", through the analysis of the present situation of China life fair value measurement, and through comparison of the assets and liabilities of the China life in different measurement attributes, under the related Suggestions, hope in the fair value measurement life insurance asset and liability when can more reasonable.This paper the fair value of the measurement attributes of the comprehensive analysis, combining the characteristics of life insurance assets and liabilities, and puts forward the fair value measurement life insurance asset and liability more conducive to life insurance company for assets and liabilities management, is more advantageous to the fair, effective reflect insurance company's financial position and operating results, more conducive to investors made reasonable decisions.This paper studies showed that, in the new accounting rule, birthday risk company half of assets need to fair value measurement, however, life insurance liabilities has only show book value, measurement attributes mismatch in life insurance industry produces serious mismatch of accounting and accounting mismatch risks of assets and liabilities management, expanded the interest rate risk for objects in the traditional asset and liability management content. This article points out the assets and liabilities, reduce the life insurance company accounting mismatch is one of the important means for the fair value measurement life insurance liabilities. Compared with traditional life insurance products, non-traditional life insurance especially dividends risks products accounting mismatch problem worse, so this paper widespread study method of fair value measurement of the liabilities of various methods, and comparison study, points out their advantages and disadvantages. The restrictions by assumptions, high appraisal cost, capital markets are not developed and other factors, the fair value measurement of life insurance liabilities estimate methods in application by many obstruction when, so based on fair value measurement problems puts forward related Suggestions.This paper studies still exist some disadvantages, specific as follows:first, the paper respect did not involve reinsurance; Second, because of the complexity of the actuarial and his knowledge in insurance liability reserve limitations, measuring principle and method also didn't achieve the expected depth; Third, due to the fair value measurement life insurance liabilities in current part of data found harder accounting statement, so this paper cases temporarily unable to listed China life measured at the fair value accounting statements.