The Research Of The Influence Of The Interest Rate Changes On The Life Insurance Business

Life insurance as a business risk industry, not only face with the same risk as the other industries, but also face with its own unique risks, the life insurance company’s steady business relates with the social public interests and social stability. The particularity of its product pricing, liabilities of the huge and long-term characteristics of embedded options, and policy factors determine the interest rate is always runs through the whole process of life insurance business. On August5,2013, the Chinese life insurance of ordinary life insurance products reserve rate of2.5%rate limit. This means the life insurance company in the ordinary life insurance products pricing has the rights of independence on book interest rate, to further increase the risk of life insurance business and uncertainty.This paper is divided into five parts:The first chapter mainly introduce the selected topic background and significance, domestic and foreign literature review and the article innovation and the deficiency; The second chapter mainly introduces the interest rate, insurance supply and demand theory and the theory of life insurance business; The third chapter analyzes the interest rate changes affect life insurance companies operating mechanism, analyzes the interest rate changes from the theoretical level is how to influence the life insurance company’s business; The fourth chapter the empirical analysis of the influence of interest rate changes on China’s life insurance liabilities, and on this basis, the introduction of testing technology, when investigation appear again, under the condition of interest rate changes, the change of the life insurance company assets and liabilities, to understand the risks of interest rate changes life insurance companies in China; On the basis of theory of interest rate changes affect life insurance company and the fourth chapter the empirical analysis of interest rate changes affect life insurance business, the fifth chapter analysis the external environment and internal environment for the development of life insurance companies beneficial advice is put forward.