Font Size: a A A

Empirical Research On Solvency Of Our National Property Insurance Company Based On The Structural Equation Model

Posted on:2013-07-03Degree:MasterType:Thesis
Country:ChinaCandidate:L JinFull Text:PDF
GTID:2249330395982346Subject:Insurance
Abstract/Summary:PDF Full Text Request
Insurance industry is an important foundation for the development of domestic economy and it is also regarded as the guarantee of the national life stability. However, as the supervised core of the China Insurance Regulatory Commission, solvency is identified as the lifeline of the insurance company undoubtedly. As the bank must have a certain capital adequacy ratio, the insurance company also must possess a matched solvency for its underwriting risks and excess losses, in order to avoiding the bankruptcy of the insurance companies. Since the recovery of insurance business in the1980s in China, no matter from the view of the growth rate of premium income or the speed of additional establishment of insurance companies and institutions, our property insurance market has always been in a state of rapid development. But the surface of the good momentum of development can’t hide the phenomena of the insufficient solvency of our property insurance market. At the end of the June2008, there have been a dozen of property insurance companies revealed the information of their insufficient solvency. Some of them are even in a condition of serious shortage of solvency. So it is necessary for us to research the solvency of property insurance companies.Although at present, the research articles about the companies’solvency problems are not rare in the academic field. But most of the articles are towards to the solvency supervision modes of China and some developed countries, there are relatively less research about the empirical analysis of the solvency adequacy ratio of our property insurance companies, even less the same by using the structural equation model for the study. So my paper will carry on research towards the two important indexes of the solvency adequacy ratio of our country by combining the qualitative and quantitative analysis methods. I also bond the structural equation model and actual data together and use the AMOS which is a statistical software to analysis the main affect factors to the solvency. This paper is divided into f(?) chapters. The first chapter is the introduction of the article. It introduced the background and topic meaning firstly, and then it explained the domestic and foreign references and research situation at present of the solvency and structural equation model. The second chapter expounded the concept of the solvency at first. And then by introducing the solvency supervision system and the empirical data analysis of the core indexes which are real capital and minimum capital, this article displayed the present situation of the solvency of our property insurance market specifically. The third chapter is the presentation of the structural equation model and its statistical software. It included the concept of the structure equation model and its characteristics which are better than the other multivariate statistical methods. And then the article introduced the basic structure and the modeling steps of the structure equation model. Finally, it finished this chapter by a brief description of the operating interface of AMOS. The fourth chapter is the theoretical foundation of the full article, but also the bedding of the fifth chapter. This chapter mainly consists of the business development ability, risk control ability, company capital increasing ability, investment management level and cost controlling ability. It analyzed influencing factors of the solvency through these four aspects. And as potential variables, these four influence factors found out the corresponding dominance indexes and settled a theoretical basis for the fifth chapter which would construct the model through the software. The fifth chapter is the empirical research and analysis. First of all, according to whether the actual data could be acquired or not, this chapter selected the data and defined the variables. And then based on the need of the model this article selected the adaptation degree indexes. It checked the transcendental theory validation of the fourth chapter through the software, and finally it constructed the whole model and revised it. The sixth chapter is the summary of the full text. According to the model operation results of the fifth chapter and the before argument, this part provided the suggestions to improve solvency adequacy of the property insurance companies. At the same time, it explained the deficiency of the article and prospected the future progress.
Keywords/Search Tags:property insurance company, solvency, structural equation model, AMOS
PDF Full Text Request
Related items