Study On The Risk Management Of Insurance Funds Investment In "Z Company"

In recent years, with the vigorous development of China’s financial industry, the insurance industry increasingly fierce competition, the market main body constant price war makes insurance rate gradually reduced, the traditional mode for the premium income as the main source of profit of operation is no longer to continue, as the regulatory level of insurance fund investment channels gradually opened, more and more insurance companies preferred profit from insurance funds investment. Insurance companies make big profits in the investment of insurance funds, and at the same time, face the great risk. Therefore, the insurance company is necessary to strengthen the management of insurance fund investment risk, choose suitable investment strategy according to actual condition, to improve the level of risk management, steadily expanding profitability and operating stability. From the point of view of the existing research, the effective use of insurance funds in China has been a main research topic in the academia, focuses on the analysis of the insurance company for insurance problems existing in the process of capital operation and expand investment channels, etc., but for the application of insurance company capital risk management research is not thorough, especially technical analysis Angle did not have enough research. Therefore, the use of quantitative analysis of insurance funds investment risk management has a certain theoretical and practical significance.Based on previous research on the basis of combing, introduced the relevant theories of risk management of insurance funds investment, taking Z corporation as an example, combined with the company of insurance funds (including equity capital and debt capital) source and investment channels, the company investment of insurance funds are analyzed in detail the market risk, interest rate risk, liquidity risk, credit risk and moral risk. In order to further analysis of investment risks and benefits of Z company, USES the method of risk control on international mature theory (VaR) model, the Z insurance company’s portfolio of insurance funds has carried on the empirical analysis, and for the optimal portfolio under different levels of VaR confirmed the effective range, think the reason why the company dare not investing in riskier securities investment funds is due to the insurance company’s own risk management ability weak.Risk management of insurance funds in order to further analyze the Z company the cause of the weak, in this paper, the structure of the investment of insurance funds, insurance funds management personnel, organization structure, technology, investment, risk management process risk control system, etc., analyze the Z company status, and proposes the establishment of insurance funds operation efficiency tracking investigation mechanism, risk early warning system, perfecting the regulatory index system of insurance funds, strengthen the risk management of insurance funds personnel training, improve the company’s investment management organizational structure, strengthen the insurance company information disclosure system, the investment of insurance funds operation on the risk management system in the management of the company.