Financial Risk Analysis About The Pooling Account Of Endowment Insuranceand Prevention Countermeasures

The development and stability of a country’s society and economy is closely related to its endowment insurance system,most of the countries around the world attach great importance to it.According to their own situation,different types of management mode came into being.Unless an absolute accumulation fund system is taken,whatever type,there is a close relationship between endowment insurance system and public finances.For the endowment insurance system,special attention should be paid to its balance of payments,because to a certain extent,the balance of payments is associated with the receipts and expenditures of public finance.Once the income do not cover the spending,as the representative of public interests,the country should be responsible for the shortage of funds.But the processing of the imbalance is harmful to the public finances itself?If so,how much?Here involves a future uncertainty problem of fiscal risks.The generous welfare policies is a cause of the Europe’s debt rise which took place in 2010,for the pressure of the high welfare policy cannot be ignored.In general,the financial risk of the endowment insurance itself is likely to affect the public finances:an excessive public debt,even fiscal risks.In our country,since the reform of the endowment insurance system,the shortage of fund soon appear,mainly coming from the pooling account:the form had led to a huge historical debt,the pooling account cannot fill the huge funding gap,also can not meet the demand of the current issue of pensions for retires,which makes the gap increasing year after year,at last,the heavy pension debt must be borne by the national finance;There is a management confusion between the pooling account and the individual account,leading to a frequent using of the personal account to cover the funding gap,therefore,empty account operation appear in the personal account,and the scale is expanded year by year,national finance still need to meet the payment of individual account in the future;Due to the aging of the population,more aging person need the pension and fewer young pay the endowment insurance,which adds to the financial stress.In addition,the design deficiency,lack of regulation,the expansion of coverage,the raising level of security,the unreasonable form of financial aid,the acceleration of urbanization process,all of these factors all add to the financial pressure,also increasing the possibility of financial risk.In this article,we will contact with the endowment insurance system and the public finance,we will analyze the financial risks of the social endowment insurance system and its prevention,from historical factors,the endogenous factors and the exogenous factors,the countermeasures and suggestions are based on the three factors in the same way.