Research On The Solvency Of Non-life Insurance Based On The Solvency Ⅱ Theory

In the modern economy society, the insurance industry has become animportant thing to ensure the operating normally of a country’s economyand developing stably of a society, and also is an important index of theeconomic development of a country. Whether the insurance company hasan enough solvency or not reflects the in debt capability to fulfill the in-surance contract for an insurance company, is the powerful protection forthe consumers’ policy interests and the investors’ interests, and is the basisfor the sustainable development of the insurance industry. If the insurancecompany’s solvency is not enough, it will be seriously harmful not onlyfor the stable operation of the insurance industry but also for the wholenational economy development.The solvency regulation is the core of insurance supervision and also isthe most important one of the three main parts of the regulatory systemof the insurance industry. In the European Union (EU) new insurance Sol-vency Ⅱ system, the setup of the solvency margin of an insurance companychanges a lot, which proposes to combine the capital requirements withthe risk, and then to classify risk category carefully, and to fully considerthe correlation between diferent risks and the extent of the risk diversifi-cation. Firstly, separately calculate the minimum solvency capitals of allkinds of risks, and then plus them together to get the minimum solvencycapital requirements of an insurance company, so that the solvency capitalrequirements can really indicate the company’s risk, which can make thesolvency margin more scientific and realistic. By learning the new calcu-lation standard of the minimum solvency from the EU Solvency Ⅱ theory,we investigated the minimum solvency of the non-life insurance companyby sufciently considering the relationships of every risk element and usingthe example of market risks of non-life insurance company.