Listed Chinese Insurance Company Market Risk Pressure Test Research

The insurance company as business and management of risk institutions, risk prevention is the eternal theme. In recent years the market turmoil, the frequent financial innovation brought uncertainty, made the global financial system to the possibility of the crisis and growing seriousness. In response to the crisis, as a risk management and prudent supervision tools the stress test's important role is gradually underline. Especially after the financial crisis, financial institutions and regulatory authorities are reviewing the current risk management and supervision system, further understanding to the pressure test in the management of the importance of extreme risk. To the insurance company, it is through the pressure test to find out the company's exposure risk and early warning possible adverse conditions, to improve the company ahead of risk management level, to guard against and dissolve the risk. For regulators, it agreed with the pressure test guard against the risk of regulatory target and help to the insurance company for the prudent supervision, to improve the supervision work of the foresight, initiative and scientific.Based on the summary of domestic and foreign related on the basis of research achievements, combining the actual conditions of insurance company in China, the paper tries to construct a comprehensive system pressure test theory framework and empirical model. In the pressure test framework, the paper study how the listed Insurance companies are facing to conduct stress test market risks. In applied research, this paper use large financial related data on annual report of three listed insurance companies, to pressure test empirical analysis the interest rate risk, exchange rate risk of the three insurance companies being faced, and pressure testing of empirical analysis results are discussed in detail and summarized. Finally, the paper puts forward some insurance company for pressure test related policy suggestions.